This quiz works best with JavaScript enabled. Home > Economics > Development > General > Economic Development – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Development Quiz 13 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Soda bottling is an example of a A) Perishable industry. B) Communications-oriented industry. C) Bulk-gaining industry. D) Labor intensive industry. Show Answer Correct Answer: C) Bulk-gaining industry. 2. 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. 3. Prior to the rise of the industrial revolution inGreat Britain, textile were manufactured in small, rural factories creating an industry known as A) Textile industry. B) Cottage inductry. C) Light industry. D) Footloose industry. Show Answer Correct Answer: B) Cottage inductry. 4. Transfer of some types of jobs, especially those requiring low-paid less skilled workers, from more developed to less developed countries. A) Primary industry. B) New international division of labor. C) Outsourcing. D) Post-Fordist production. Show Answer Correct Answer: B) New international division of labor. 5. 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) Ship. B) Train. C) Truck. D) Airplane. Show Answer Correct Answer: A) Ship. 6. With the cooperation of the World Bank, The Indus Water Treaty was signed in A) 1972. B) 1960. C) 1962. D) 1970. Show Answer Correct Answer: B) 1960. 7. 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. 8. 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. 9. Which countries is NAFTA with? A) US, Germany, Canada, Mexico. B) US, Germany, Canada. C) US, Germany, Mexico. D) US, Canada, Mexico. Show Answer Correct Answer: D) US, Canada, Mexico. 10. Which of the following is NOT a factor in a country's level of development A) Life Expectancy. B) GDP. C) Population. D) Literacy. Show Answer Correct Answer: C) Population. 11. Which institute does not provide direct loans to farmers? A) Regional Rural Bank. B) Commercial bank. C) Cooperative Society. D) NABARD. Show Answer Correct Answer: D) NABARD. 12. A social movement whose stated goal is to help producers in developing countries achieve better trading conditions and to promote sustainability. A) Industry. B) Fair Trade. C) Added Value. D) Development. Show Answer Correct Answer: B) Fair Trade. 13. 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. 14. 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. 15. 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. 16. A country at the higher end of HDI usually has which of the following characteristics? A) Net primary educational enrollment is high. B) GDP is considerably lower on average. C) Adult literacy is comparatively low. D) Men live much longer on average than women. Show Answer Correct Answer: A) Net primary educational enrollment is high. 17. 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) Formal economy. B) Informal economy. C) Primary sector. D) Economies of scale. Show Answer Correct Answer: D) Economies of scale. 18. Developed by the United Nations in 1990 as a tool for ranking countries based on their level of economic development A) Human Index. B) Human Development Index. C) Level Index. D) Income Index. Show Answer Correct Answer: B) Human Development Index. 19. A measure of the extent of each country's gender inequality A) PPP. B) IDK. C) HDI. D) GII. Show Answer Correct Answer: D) GII. 20. ..... traditional industries was India particularly well known for before the advent of the british rule. A) Chemical industry. B) Handicraft industry. C) Jute industry. D) Steel industry. Show Answer Correct Answer: B) Handicraft industry. 21. ..... is when countries and businesses trade internationally, leading to more connected world. A) Infrastructure. B) Globalization. C) GDP. D) Economics. Show Answer Correct Answer: B) Globalization. 22. More Developed Countries (MDCs) use ..... of the worlds energy. A) 50%. B) 25%. C) 10%. D) 5%. Show Answer Correct Answer: A) 50%. 23. Manufacturing system that relies on highly educated workers, doing complex tasks with a high degree of flexibility. A) Post-Fordism. B) Assembly Line. C) Toyotaism. D) Fordism. Show Answer Correct Answer: A) Post-Fordism. 24. Agreements such as the North American Free Trade Agreement (NAFTA) and associations such as the European Union (EU) reflect a movement toward: A) National policies of protectionism. B) Free trade zones. C) A rebirth of command economies. D) A reliance on social welfare policies. Show Answer Correct Answer: B) Free trade zones. 25. Which island is the Caribbean author Merle Hodge from? A) St. Lucia. B) Barbados. C) Trinidad. D) Jamaica. Show Answer Correct Answer: C) Trinidad. 26. A teacher belongs to A) Secondary sector. B) Tertiary sector. C) Primary sector. D) None of above. Show Answer Correct Answer: B) Tertiary sector. 27. Occurs mostly in developing countries where there is low environment impact, local ownership, and culturally sensitive. A) Maquiladora. B) Export processing zone. C) Commodification. D) Ecotourism. Show Answer Correct Answer: D) Ecotourism. 28. In this stage, modern science and technology are either not available or are not being systematically applied. A) Traditional Stage. B) Pre-take off stage. C) Take off Stage. D) Transitional Stage. Show Answer Correct Answer: A) Traditional Stage. 29. Countries that usually have low levels of economic productivity, low per capita incomes, and generally low standards of living. A) Core. B) Periphery. C) Semi-periphery. D) None of above. Show Answer Correct Answer: B) Periphery. 30. Which of the following is NOT one of the questions every economic system must answer? A) What to produce?. B) Who to produce for?. C) How to produce?. D) How much to produce?. Show Answer Correct Answer: D) How much to produce?. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomics QuizzesEconomic Development Quiz 1Economic Development Quiz 2Economic Development Quiz 3Economic Development Quiz 4Economic Development Quiz 5Economic Development Quiz 6Economic Development Quiz 7Economic Development Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books