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Economic Development Quiz 10 (25 MCQs)

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1. Why did many poor countries get into debt
2. When two economies exist concurrently, with a modern commercialised industrial sector developed alongside a traditional subsistence agricultural sector, then I t is called as
3. The bond market important because
4. The total amount of goods and services produced in a country.
5. Moving from less to more developed economies _____
6. Carpet weaving and poultry farming are _____ industries
7. What is the extra money you pay back, the fee for having a loan.
8. Every financial institution performs the following function:
9. The value of the total output of goods and services produced in a country in a given time period (normally 1 year).
10. What allowed for the creation of Maquiladoras?
11. Many corporate headquarters relocated in the USA where products design takes place. The actual manufacturing takes place overseas. What economic activity is conducted at corporate headquarters in this case?
12. The ability of a group to achieve improvements in their own status
13. According to Weber, a bread manufacturer would choose to locate its factory close to a large population of people because
14. The total value of goods and services produced in a year in a given country. the value varies greatly between MDCs and LDCs and is one of the best indicators of development.
15. Which of the following is an example of a footloose industry?
16. In Rostow's Ladder of Development, Stage 4, Drive to Maturity in characterized by
17. The largest sector of Pakistan's economy is
18. What can happen if you take advantage of the opportunities on the coast?
19. The following are means of livelihood, except:
20. The Lewis theory of development, also known as the _____
21. Which of the following is not an economic measure of development?
22. What type of economic activity would serving as insurance actuary analyst be classified as?
23. Which of the following is one MAIN factor in deciding where railroad tracks are built?
24. Which economist believed in local entrepreneurs learning from invited foreign capitalists/ industrialists?
25. _____ Stage makes heavy use of mechanization.
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