This quiz works best with JavaScript enabled. Home > Economics > Development > General > Economic Development – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Development Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Consumer and Business services would NOT be prevalent in what stage of Rostow's Modernization Model? A) Drive to maturity. B) High mass consumption. C) Traditional. D) Preconditions to takeoff. Show Answer Correct Answer: C) Traditional. 2. Financial aid given to a government from many other government. A) Bilateral aid. B) Multilateral aid. C) NGO's. D) None of above. Show Answer Correct Answer: B) Multilateral aid. 3. Model that describes a country's progression in five stages from LDCs to MDCs. A) Rostow's Model of Economic Development. B) Wallerstein's World Systems Theory. C) Weber's Least Cost Theory. D) Location Theory. Show Answer Correct Answer: A) Rostow's Model of Economic Development. 4. Compares the level of development of women with the development of both sexes combined. A) Gender Empowerment Measure (GEM). B) Gender Equity. C) Human Development Index (HDI). D) Gender-Related Development Index (GDI). Show Answer Correct Answer: D) Gender-Related Development Index (GDI). 5. Which of the following would be most important to an American corporation looking to outsource their call center operations? A) Total Fertility Rate. B) Dependecy ratio. C) Transportation infrastructure. D) Use of English as a lingua franca. Show Answer Correct Answer: D) Use of English as a lingua franca. 6. What type of countries is the World Bank focused on helping? A) Wealthy Countries. B) Developing countries. C) Developed Countries. D) First World Countries. Show Answer Correct Answer: B) Developing countries. 7. Cities such as St. Louis and New Orleans were established along the Mississippi River MOSTLY to- A) Generate electricity from water power. B) Guarantee access to trade routes. C) Provide protection from competitive markets. D) Establish protection from hurricanes. Show Answer Correct Answer: B) Guarantee access to trade routes. 8. The transfer of core country jobs to workers in the periphery is a feature of A) Structural adjustment programs. B) Just-in-time delievery. C) The new international division of labor. D) Fordism. Show Answer Correct Answer: C) The new international division of labor. 9. British rule lasted for almost for ..... years. A) 200 years. B) 100 years. C) 50 years. D) 300 years. Show Answer Correct Answer: A) 200 years. 10. Development is about ..... A) Making people happier. B) People getting richer. C) Improving peoples quality of life. D) Building large cities. Show Answer Correct Answer: C) Improving peoples quality of life. 11. Gross National Income, access to raw materials, and workers productivity contribute to which indicator of development? A) Social. B) Demographic. C) Economic. D) Gender empowerment. Show Answer Correct Answer: C) Economic. 12. The movement to fence in fields in order to farm more effectively, at the expense of poor peasants who relied on common fields for farming and pasture A) Enclosure. B) Industrious Revolution. C) Crop Rotation. D) Agricultural Revolution. Show Answer Correct Answer: A) Enclosure. 13. As countries around the world continue to develop, there is evidence of growth in which type of economic system? A) Primary activity based systems. B) Free market based systems. C) Subsistence based systems. D) Barter systems. Show Answer Correct Answer: B) Free market based systems. 14. What is the role of the WTO? A) Help give guidelines for trade between member countries and help settle trade disputes. B) Keep trade from happening between China and the United States. C) Set the price of oil. D) Set prices for imports and exports for the European Union. Show Answer Correct Answer: A) Help give guidelines for trade between member countries and help settle trade disputes. 15. As a country becomes newly industrialized in moves from cottage industries to ..... ? A) Commercial Agriculture. B) Commercial Industries. C) Subsistence Agriculture. D) Primary Activities. Show Answer Correct Answer: B) Commercial Industries. 16. Mahalanobis Modal was started in ..... Five year plan. A) Eleventh. B) First. C) Second. D) Tenth. Show Answer Correct Answer: C) Second. 17. I happen when the waves don't have enough energy to carry sediment A) Backwash. B) Deposition. C) Swash. D) Erosion. Show Answer Correct Answer: B) Deposition. 18. What continent is home to most of the countries with the bottom 20 Human Development Index scores as of 2019? A) Australia. B) North America. C) Europe. D) Africa. Show Answer Correct Answer: D) Africa. 19. Which of the following models believed government intervention is necessary for economic growth? A) Marxist. B) Monetarist. C) Keynesian. D) Classical. Show Answer Correct Answer: C) Keynesian. 20. The total value of all goods and services produced in a country is called ..... A) Total Domestic Product. B) Annual National Income. C) Gross Domestic Product. D) Gross National Production. Show Answer Correct Answer: C) Gross Domestic Product. 21. X. Economic growth means more outputY. It means going beyond economic expansion A) A. B) B. C) C. D) D. Show Answer Correct Answer: A) A. 22. Which is an example of a weight reducing industry? A) Cars. B) Potato Chips. C) Canning or Bottling industry. D) Water. Show Answer Correct Answer: B) Potato Chips. 23. Which of the following did NAFTA get rid off between member nations? A) National Bonds. B) Incentive pay. C) Tariffs. D) Trade deficits. Show Answer Correct Answer: C) Tariffs. 24. What is per capita income? A) The total amount of money a country makes in a year. B) The average amount of money earned by each person in a country. C) The amount of capital a person owns. D) None of the above. Show Answer Correct Answer: B) The average amount of money earned by each person in a country. 25. Sustainable Development implies A) Sustained rise in real GDP. B) Long lasting development without negatively impacting the environment. C) Full exploitation of natural resources. D) Reduction in unemployment and poverty. Show Answer Correct Answer: B) Long lasting development without negatively impacting the environment. 26. In 1849, large deposits of ..... encouraged Americans to move west to California. A) Fresh water. B) Avocados. C) Diamonds. D) Gold. Show Answer Correct Answer: D) Gold. 27. Anyone who plays a role in the implementation of the economic development strategy is ..... A) Overseas people. B) All society. C) Government. D) Big company. Show Answer Correct Answer: B) All society. 28. RBI doesn't consist of A) Longevity. B) Knowledge. C) Life Expectancy. D) Standard of living. Show Answer Correct Answer: C) Life Expectancy. 29. Gini coefficients are an effective way for economists to measure A) The economic growth in a country. B) The average income of a country. C) The unemployment rate in a country. D) The income inequality in a country. Show Answer Correct Answer: D) The income inequality in a country. 30. Obtaining goods (or a service) from an outside or foreign supplier, especially in place of an internal source. A) Offshoring. B) Export-Processing Zone (EPZ). C) Outsourcing. D) Trading bloc. Show Answer Correct Answer: C) Outsourcing. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomics QuizzesEconomic Development Quiz 1Economic Development Quiz 2Economic Development Quiz 4Economic Development Quiz 5Economic Development Quiz 6Economic Development Quiz 7Economic Development Quiz 8Economic Development Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books