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Economic Development Quiz 12 (25 MCQs)

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1. How advanced an economy is _____

2. Which types of countries' economies rely primarily on primary economic activities?

3. A defining characteristic of a MDC when compared to a LDC is

4. Sabine has started her own coffee shop in Montreal. She invested her own money and took out loans to open the shop. What is Sabine?

5. This is when company relocates a piece (or all)of its manufacturing operations to factories in othercountries due to cheaper resources/labor

6. How has the North American Free Trade Agreement increased trade between the nations of Canada, Mexico, and the United States?

7. Investment made by a foreign company in the economy of another country.

8. Capitalist Economy is controlled and operated by

9. From of mass production in which each worker is assigned one specific task to perform repeatedly.

10. X. Economics is a science which deals with the relationship between ends and scarce means which have alternative uses.Y. It is the study of how societies use scarce resources to produce valuable commodities

11. Armaments industry is the _____

12. Japan would be in what stage of Rostow's Ladder of Development?

13. A job such as a carpenter or a seamstress that involves making a product is a

14. All of the following are accurate about the multiplier effects EXCEPT

15. The secondary sector consists of

16. Which of the following shows a disadvantage to using tourism as a strategy for development?

17. This sector of the economy contains the highest level of decision makers known as "gold collar" professions.

18. Iron, Copper and Chromites are _____

19. _____ economy is the economy in which means of production are owned, controlled and operated by the government.

20. Most jobs in developed countries (like the US) are in the _____ sector.

21. It has been a major constraint to economic growth and poverty reduction in the Philippines.

22. Uses natural resources or raw materials

23. SEZ and EPZ have foreign investors building infrastructure that creates

24. Farmers need credit for consumption purpose such as on birth, death, marriage etc called _____

25. Which mineral is used in ordnance factories?

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Economic Development Quiz 12 (25 MCQs)

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