This quiz works best with JavaScript enabled. Home > Development > General > Economic Development – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Development Quiz 19 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A farmer belongs to A) Tertiary sector. B) Secondary sector. C) Primary sector. D) None of above. Show Answer Correct Answer: C) Primary sector. 2. Economic Development is a ..... concept than economic growth A) Single Dimensional. B) Double Dimensional. C) Multi dimensional. D) None of these. Show Answer Correct Answer: C) Multi dimensional. 3. Soda bottling is an example of a A) Perishable industry. B) Labor intensive industry. C) Bulk-gaining industry. D) Communications-oriented industry. Show Answer Correct Answer: C) Bulk-gaining industry. 4. Which of these activities occurs nearest the market according to Weber's Least Cost Theory? A) Paper production. B) Processing which makes the final product lighter than raw materials. C) Processing of raw materials into heavier finished products. D) Environmentally friendly production. Show Answer Correct Answer: C) Processing of raw materials into heavier finished products. 5. Prior to the rise of the industrial revolution inGreat Britain, textile were manufactured in small, rural factories creating an industry known as A) Cottage inductry. B) Light industry. C) Footloose industry. D) Textile industry. Show Answer Correct Answer: A) Cottage inductry. 6. Transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries. A) New international division of labor. B) Outsourcing. C) Post-Fordist production. D) Primary industry. Show Answer Correct Answer: A) New international division of labor. 7. When it is time to ship goods that have been manufactured, the lowest cost long distance freight is by which of the following modes of transport? A) Truck. B) Airplane. C) Ship. D) Train. Show Answer Correct Answer: C) Ship. 8. With the cooperation of the World Bank, The Indus Water Treaty was signed in A) 1970. B) 1962. C) 1972. D) 1960. Show Answer Correct Answer: D) 1960. 9. Gross Domestic Product is ..... A) The total value of all goods and services produced by a nation in a year. B) The value of goods and services produced in a year in a nation by a person. C) A product that is domestically gross. D) None of above. Show Answer Correct Answer: A) The total value of all goods and services produced by a nation in a year. 10. People's wants and needs are ..... A) Limited. B) Unlimited. C) The same as resources. D) None of above. Show Answer Correct Answer: B) Unlimited. 11. Which countries is NAFTA with? A) US, Germany, Mexico. B) US, Germany, Canada. C) US, Germany, Canada, Mexico. D) US, Canada, Mexico. Show Answer Correct Answer: D) US, Canada, Mexico. 12. Which of the following is NOT a factor in a country's level of development A) GDP. B) Life Expectancy. C) Literacy. D) Population. Show Answer Correct Answer: D) Population. 13. Which institute does not provide direct loans to farmers? A) NABARD. B) Commercial bank. C) Regional Rural Bank. D) Cooperative Society. Show Answer Correct Answer: A) NABARD. 14. A social movement whose stated goal is to help producers in developing countries achieve better trading conditions and to promote sustainability. A) Development. B) Fair Trade. C) Industry. D) Added Value. Show Answer Correct Answer: B) Fair Trade. 15. Why did farming lead to permanent villages? A) People grew too much food to travel. B) People needed to build storage for crops. C) People needed to stay and tend their crops. D) People had to make pottery to hold fo. Show Answer Correct Answer: C) People needed to stay and tend their crops. 16. In what century did the Industrial Revolution originate? A) 17th century. B) 18th century. C) 20th century. D) 16th century. Show Answer Correct Answer: B) 18th century. 17. Manufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution. A) Industrial Revolution. B) Small business corporation. C) Cottage Industry. D) Capitalist system. Show Answer Correct Answer: C) Cottage Industry. 18. A country at the higher end of HDI usually has which of the following characteristics? A) Adult literacy is comparatively low. B) Men live much longer on average than women. C) Net primary educational enrollment is high. D) GDP is considerably lower on average. Show Answer Correct Answer: C) Net primary educational enrollment is high. 19. Cost advantages to manufacturers that accrue from high-volume production, since the average cost of production falls with increasing output. Think Costco and Sam's club. A) Informal economy. B) Economies of scale. C) Primary sector. D) Formal economy. Show Answer Correct Answer: B) Economies of scale. 20. Developed by the United Nations in 1990 as a tool for ranking countries based on their level of economic development A) Level Index. B) Human Index. C) Human Development Index. D) Income Index. Show Answer Correct Answer: C) Human Development Index. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomic Development Quiz 1Economic Development Quiz 2Economic Development Quiz 3Economic Development Quiz 4Economic Development Quiz 5Economic Development Quiz 6Economic Development Quiz 7Economic Development Quiz 8Economic Development Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books