Which of the following would be an example of foreign direct investment?

A French company builds a factory in Costa Rica

Why does globalization sometimes cause job loss in developed nations?

movement of jobs to other countries can cause umemployment

What is one way human capital contributes to development?

A skilled workforce encourages investment

Which statement describes India's economy today?

it's growing rapidly, especially in technology

What is the Group of 20?

group of environmental scientist from 20 countries

How did China's economy change after the death of Mao Zedong?

It adopted many of the practices of free enterprise.

The World Bank, IMF, etc. all perform what service?

providing development assistance to LDCs

How are factors such as climate and natural resources related to development?

Poor climate & resources generally complicate development

Why is a high level of subsistence agriculture a characteristic of LDCs?

There are fewer workers available to work in industrial jobs

Why must private ownership of property be guaranteed for a free market economy to work?

People need the assurance that they will profit from success

Which statement is true of development of both Nigeria and Venezuela?

benefits from the sale of a valuable resource

A country has a high level of energy consumption. This indicates that the country also has a

high level of industrialization

Why are workers in developed nations worried about job loss?

movement of jobs overseas causes unemployment

"Brain drain" occurs when

an engineer leaves her LDC to work in a developed nation

What has helped increase India's needs for shopping malls since 1999?

middle class is increasing demand for consumer goods

The British govt. has privatized a number of businesses, this involved

selling these govt. owned buinesses to individuals

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Economics: Globalization

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globalization economics

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Questions 41

Answers

1
How does the literacy rate of men and women compare in LDCs?
women have a slightly higher rate
women have a much higher rate
men have a higher rate
it does not differ
2
Which of the following would be an example of foreign direct investment?
An Am. mutual fund buys shares of a corporation in Indonesia
A French company builds a factory in Costa Rica
a walthy Russian investor builds an oil refinery in Russia
The Chinese govt. finances a new highway in Sudan
3
buying shares in another country's financial markets
foreign portfolio investment
nongovernmental organization
sustainable development
foreign direct investment
4
A country that has shown significant improvement in industrial development
NIC
industialization
subsistence agriculture
nongovernmental organization
5
percentage of people over the age of 15 who can read and write
development
globalization
literacy rate
life expectancy
6
Which of the following are considered less developed countries?
Nepal and Haiti
Spain and Portugal
Japan and Norway
Canada and New Zealand
7
When countries have made great progress in developing their economies in recent years they are
middle income nations
NICs
special economic zones
LDCs
8
Why does globalization sometimes cause job loss in developed nations?
it prevents companies from hiring more workers
movement of jobs to other countries can cause umemployment
working conditions in LDCs are really bad
it forces workers to migrate to developed countries
9
Ivan has lived under a command economic system. What does he face going to market economy?
reduces job security
loss of political freedoms
severe shortages of consumer goods
government seizure of property
10
What is one way human capital contributes to development?
A skilled workforce encourages investment
Foreigners make investments in another country
Financiers lend money to LDCs
People invest their money in local resources for growth
11
connection of produces, consumers, and financial systems around the world
globalization
offshoring
sustainable development
brain drain
12
What happens if a nation's population grows faster than its GDP?
the nation's GDP will increase
there will be economic decline
population growth will stop
the nation's resources will decrease
13
Independent group that raises money for development programs
foreign direct investment
debt rescheduling
NIC
nongovernmental organizations
14
Which statement describes India's economy today?
it's growing rapidly as a result of large oil deposits
the lack of middle class has limited economic growth
it's not growing rapidly
it's growing rapidly, especially in technology
15
What is the Group of 20?
group of environmental scientist from 20 countries
group of international aid organizations
a group of 20 multinational corporations
group of finance ministers
16
How did China's economy change after the death of Mao Zedong?
It adopted many of the practices of free enterprise.
It continued the rigid adherence of central manufacturing
It continued to produce food in large communes.
It used the production of steel & iron to its best advantage
17
The World Bank, IMF, etc. all perform what service?
offering loans to individual businesses in developed nations
promoting domestic investment by wealthy of LDCs
giving disaster relief, such as food aid, to those in crisis
providing development assistance to LDCs
18
A nation has a low per capita GDP, low litercy rate, and high infant mortality rate. It is a
a LDC
developed country
a NIC
a transitional country
19
practice of raising only enough food to feed oneself and one's family
NIC
industrialization
subsistence agriculture
nongovernmental organization
20
How are factors such as climate and natural resources related to development?
Poor climate & resources generally complicate development
Technology has made these factor unimportant
Good climate & resources always result in full development
Climate is generally a better predictor of development
21
meeting current development needs without using up resources that will be needed in the future
sustainable development
globalization
subsistence agriculture
deforestation
22
the organization of the economy for the purpose of manufacturing
nongovernmental organization
NIC
subsistence agriculture
industrialization
23
Why is a high level of subsistence agriculture a characteristic of LDCs?
It means that more people are unemployed or underemployed.
It shows that the country uses less energy.
There are fewer workers available to work in industrial jobs
It shows that the infant mortality rate is high.
24
One issue that has led to conflict between developing nations & environmentalists is
depreciation
deforestation
brain drain
offshoring
25
moving all or part of a company's operations to another country
sustainable development
brain drain
offshoring
globalization
26
Why must private ownership of property be guaranteed for a free market economy to work?
The govt will have too much power without a guarantee
Without a guarantee, criminals can steal profits
Unemployment will otherwise be too high
People need the assurance that they will profit from success
27
In this nation, most citizens can read, have a high school education, & live in cities. It is a
developed nation
less developed country
newly industrialized country
transitional country
28
agreement that gives a country more time to repay a loan
nongovernmental organization
brain drain
foreign direct investment
debt rescheduling
29
when investors start a business in another country
nongovernmental organization
foreign direct investment
debt rescheudling
foreign portfolio investment
30
migration of the best-educated workers from LDCs to developed countries
offshoring
deforestation
globalization
brain drain
31
Which statement is true of development of both Nigeria and Venezuela?
benefits from the sale of a valuable resource
wealth is based on agriculture
has developed a service economy
have completed a transition to a free market economy
32
A country has a high level of energy consumption. This indicates that the country also has a
high level of infant mortality
high level of industrialization
small population growth rate
large agricultural labor force
33
A nation with a low per capita GDP, low literacy rate, & high infant mortality rate would be a
newly industrialized country
less developed country
transitional country
developed nation
34
Why are workers in developed nations worried about job loss?
global interdependence causes unemployment
movement of jobs within the county causes unemployment
movement of jobs overseas causes unemployment
globalization will cause GDP to fall
35
"Brain drain" occurs when
a student goes to a developed country for college
an engineer leaves her LDC to work in a developed nation
young girl in an LDC stops attending school after 8th grade
a boy in a LDC decides to work on the family farm
36
process by which a country improves the well-being of its people
industralization
debt rescheduling
development
deforestion
37
Mexico has show significant economic improvement over the years. It is now labeled a
middle income nation
newly industrialized nation.
special economic zone
less developed nation
38
result of consistently not having enough to eat
high infant mortality rate
nongovernmental organization
literacy rate
malnutrion
39
Which of the following is generally a sign that a country is developed?
low numbers of people living in cities
low literacy rate
high levels of people farming to feed themselves
high per capita energy use
40
What has helped increase India's needs for shopping malls since 1999?
middle class is increasing demand for consumer goods
the gap between rich & poor is shrinking
uneducated people in rural areas in demanding malls
the largest growth has taken place in construction
41
The British govt. has privatized a number of businesses, this involved
converting privately owned business to govt. owned
enforcing stricter regulations in these industries
selling these govt. owned buinesses to individuals
increasing security to protect the privacy of citizens

Economics: Globalization Flashcards | StudBud