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Economic Development Quiz 2 (30 MCQs)

Quiz Instructions

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1. The basic material from which a product is made.
2. Goods and services are exchanged (or sold)
3. Measures inequalities between men and women in regards to political and economic participation and decision making, and power over economic resources.
4. A bulk gaining product would be produced
5. The total value of goods and services produced by a country (including those produced overseas) is called:
6. Political tensions between Bangladesh and India were strained over climate related issue that dealt with
7. Less industrialized countries are more involved in
8. A large component of survival in many countries with low per capita GNIs is the informal economy. Which of the following does not make up a portion of Mexico's formal economy and GNI?
9. A network that connects the different steps in the production of a good
10. Tertiary Sector is also known as .....
11. Which of the following is an example of a job in the tertiary sector?
12. Most people in LDCs (less developed countries) work in:
13. Abolition of intermediateries and Land ceiling are part of
14. In the 1800s, how did farmers adapt to the climate in Texas?
15. Out of the following countries, who would have the highest standard of living?
16. How many industries are reserved for public sector at present
17. According to Alfred Weber, which one of the following costs of production is the most important factor in locating a new industry?
18. What country is NOT part of NAFTA?
19. The practice of basing some of a company's processes or services in another country in order to take advantage of lower costs. (Ford, AmEx, GE, Cisco, Microsoft)
20. Investing in the education or training of workers of a business or country is an example of investing in what?
21. The stock market is important because
22. It is considered as the lifeblood of the business.
23. A rapid population growth during the 1900s contributed to the ..... aimed to increase food supplies to support the growing population.
24. Rising high-tech and service centers in the south and west of the US with an increasing population and investment
25. The rapid growth of technology in the U.S. has had positive effects on all of the following EXCEPT
26. Which of the following is an example of tertiary sector?
27. The word 'Sustainable Development' came into existence in the year?
28. Producers of automobiles select assembly plant locations primarily for their closer access to
29. National or global regions where economic power, in terms of wealth, innovation, and advanced technology is concentrated.
30. Which agency is responsible for procurement, distribution and storage of food grain production in India?
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