This quiz works best with JavaScript enabled. Home > Development > General > Economic Development – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Development Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. X. Economic growth means more outputY. It means going beyond economic expansion A) A. B) B. C) C. D) D. Show Answer Correct Answer: A) A. 2. Which is an example of a weight reducing industry? A) Potato Chips. B) Cars. C) Canning or Bottling industry. D) Water. Show Answer Correct Answer: A) Potato Chips. 3. Which of the following did NAFTA get rid off between member nations? A) Tariffs. B) Incentive pay. C) National Bonds. D) Trade deficits. Show Answer Correct Answer: A) Tariffs. 4. What is per capita income? A) The total amount of money a country makes in a year. B) The average amount of money earned by each person in a country. C) The amount of capital a person owns. D) None of the above. Show Answer Correct Answer: B) The average amount of money earned by each person in a country. 5. Sustainable Development implies A) Sustained rise in real GDP. B) Long lasting development without negatively impacting the environment. C) Full exploitation of natural resources. D) Reduction in unemployment and poverty. Show Answer Correct Answer: B) Long lasting development without negatively impacting the environment. 6. In 1849, large deposits of ..... encouraged Americans to move west to California. A) Fresh water. B) Diamonds. C) Avocados. D) Gold. Show Answer Correct Answer: D) Gold. 7. Anyone who plays a role in the implementation of the economic development strategy is ..... A) Overseas people. B) All society. C) Government. D) Big company. Show Answer Correct Answer: B) All society. 8. RBI doesn't consist of A) Longevity. B) Knowledge. C) Life Expectancy. D) Standard of living. Show Answer Correct Answer: C) Life Expectancy. 9. Gini coefficients are an effective way for economists to measure A) The unemployment rate in a country. B) The income inequality in a country. C) The economic growth in a country. D) The average income of a country. Show Answer Correct Answer: B) The income inequality in a country. 10. Obtaining goods (or a service) from an outside or foreign supplier, especially in place of an internal source. A) Export-Processing Zone (EPZ). B) Offshoring. C) Outsourcing. D) Trading bloc. Show Answer Correct Answer: C) Outsourcing. 11. A nation that has a low level of material well-being is known as ..... A) Developed Nation. B) Less Developed Country. C) First World Country. D) Highly Developed Nation. Show Answer Correct Answer: B) Less Developed Country. 12. Which among the following is most important for agricultural productivity? A) Irrigation. B) Rainfall. C) Land area. D) Fertilizer. Show Answer Correct Answer: B) Rainfall. 13. The set of goals that were made by the UN in 2000 and were revisited in recent years to evaluate progress on development of LDC's in the world. A) HDI. B) Millennium Development Goals. C) Informal Economy. D) UNHCR. Show Answer Correct Answer: B) Millennium Development Goals. 14. X. Economic growth equates to economic developmentY. Economic growth means high gross national product (GNP) A) A. B) B. C) C. D) D. Show Answer Correct Answer: B) B. 15. Typically, slash & burn agriculture leads to: A) Shifting cultivation. B) Plantation farming. C) Aquaculture. D) Pastoralism. Show Answer Correct Answer: A) Shifting cultivation. 16. India adopted the ..... economic system. A) Capitalist. B) Mixed. C) Socialist. D) None of the above. Show Answer Correct Answer: B) Mixed. 17. Percentage of people who can read and write A) Mortality Rate. B) Smart People. C) GDP. D) Literacy Rate. Show Answer Correct Answer: D) Literacy Rate. 18. Technological knowledge A) Is the same thing as human capital. B) Can be discovered but it can never be kept secret. C) Is a determinant of productivity. D) Does not play a role in the relationship that economists call the production function. Show Answer Correct Answer: C) Is a determinant of productivity. 19. Which of the following BEST represents variable costs in manufacturing? A) A mortgage on a building. B) Employee wages on a day to day basis. C) Supplies purchased from assorted locations. D) Electricity to run the machinery. Show Answer Correct Answer: C) Supplies purchased from assorted locations. 20. Toyota operates in which industry sector? A) Primary. B) Secondary. C) Quaternary. D) Quinary. Show Answer Correct Answer: B) Secondary. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomic Development Quiz 1Economic Development Quiz 2Economic Development Quiz 3Economic Development Quiz 4Economic Development Quiz 6Economic Development Quiz 7Economic Development Quiz 8Economic Development Quiz 9Economic Development Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books