Economic Development Quiz 9 (20 MCQs)

Quiz Instructions

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1. Value of the output of goods and services produced in a country in a year; Includes money that leaves and enters the country;

Correct Answer: A) GNI.

2. Industry that sells its products within the community; it does not bring money into the community.

Correct Answer: D) Non-Basic industry.

3. Under which economic system are most countries in the world today?

Correct Answer: B) Capitalism.

4. The invention of the steam engine lead to what type of pollution?

Correct Answer: A) Air and water pollution due to coal burning.

5. Which country in the world uses the most fossil fuels per capita?

Correct Answer: C) United States.

6. The price paid for the rental of borrowed funds is commonly referred to as the

Correct Answer: C) Interest rate.

7. According to Von Thunen, what type of agriculture is produced closest to market?

Correct Answer: A) Dairying.

8. Shows the influence of women in a society by measuring women's income, participation in labor force, and political influence.

Correct Answer: C) Gender Empowerment Index.

9. A type of industrial competition in which the countries within a group cooperate through trade and compete against the other two groups.

Correct Answer: D) Trading bloc.

10. GNI, GDP, and PPP all measure

Correct Answer: A) HDI.

11. Specific area within a country in which tax investment incentives are implemented to attract foreign (and domestic) businesses and investment.

Correct Answer: D) Special economic zone.

12. A highly developed country will have all of the following except .....

Correct Answer: C) High birth and death rates.

13. Buffer stocks are used for .....

Correct Answer: D) Both for Public distribution and meeting urgent needs during a period of low output and scarcity.

14. What continent are MOST primary economies located?

Correct Answer: C) Africa.

15. How much crop productivities lessened due to plant diseases?

Correct Answer: A) 25%.

16. This stage is marked by interdependence, basic goods and services are produced with the aid of science and technology.

Correct Answer: D) Post-Industrial.

17. Production of agricultural products for the market is called:

Correct Answer: D) Commercial agriculture.

18. What did Weber think was most important when determining the least cost location of production?

Correct Answer: B) Transportation.

19. India according to the World Bank classification falls in the category of

Correct Answer: B) Lower-middle income economies.

20. Life expectancy at birth, infant mortality, access to skilled health professionals are all ways in which ..... is measured

Correct Answer: A) Health and welfare.