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Economic Development Flashcards | StudBud
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Economic Development
Economic Development
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Questions
30
Answers
1
The study of economics is best seen through
the way a society uses resources to meet their needs
the way adults are educated with the country
the way a group interacts with the environment
the way the political economy affect the society
2
Who shares information about the way goods are produced in a traditional economy?
family
public schools
legal system
government
3
County "A" is involved in 70% service, 19% manufacturing and 11% mining. In order of largest to smallest name the sector
secondary, teritary, primary
teritary, second, primary
secondary, primary, teritary
primary, teritary, secondary
4
All are characteristics of a more developed country EXCEPT
greater % of citizens working in the teritary sector
higher GDP per capita
shorter life expectancies
low infant mortality rates
5
In a free enterprise system, one would expect
to find a wide variety of consumer goods.
many farmers who can only sell tropical agricultural products
to have the government tell the community members who could own a business
to be told what to produce and what to sell.
6
Which is NOT an example of a primary economic activity?
fishing
banker
forestry
mining
7
Factory systems replacing cottage industries is a result of
culturalization
industrialization
suburbanization
transportation
8
A goal of a classless society is for the government to hold complete control over economic and political decision.
False
True
9
Governments that limit interference into the economy are participating in a
Free Market Economy (Capitalism)
Traditional Economy
Communist (Command Economy)
Socialism (Mixed Economy)
10
High levels economic development is directly related to _____ of a country.
climate
religion
elevation
literacy rate
11
County "A" is actively involved in agriculture & County "B" is actively involved in tourism. Which sector is "A" in?
Primary
Secondary
Quarternary
Teritary
12
Land, labor, capital and entrepreneur are the four factors of
tribalism
accreditation
mercantilism
production
13
Major universities and research institutions are part of which sector?
secondary
teritary
primary
quarternary
14
New systems of transportation and the use of machines for farming and manufacturing best define the idea of
Green Revolution
socialization
industrialization
Economies of Scale
15
More developed countries participate in
pastoral nomadism
shifting cultivation
plantation agiculture
commercial gardening
16
Less developed countries have seen an increase in life expectancy. Why is this the case?
improved health care programs
access to better jobs
increase access to transportation systems
declining birth rates
17
Shifting cultivation is EXTENSIVE subsistence agriculture which means
it uses a small areas of land and machinery
it uses a large area of land and machinery
its uses a small areas of land and minimal labor
its uses a large area of land and minimal labor per land unit.
18
Free enterprise economies follow the basic principles of
All are correct for free enterprise economies
profit drives people to risk their money
producers determine supply and availability
consumers determin the demand
19
Secondary activities include all EXCEPT
canning tomatoes
growing tomatoes
building computer chips
manufacturing TVs
20
In a country that has many people hunting and growing their own food they are more likely to be involved in the
tertiary sector
secondary sector
primary sector
quarternary sector
21
Commercial farming tends to
many farmers to plant corn and grain.
consume a small percentage of the arable land in North America
do most of the work by hand
use machines to do a lot of the labor thus speeding up production
22
If County "A" is actively involved in agriculture & County "B" is actively involved in finance. Which sector is "B" in?
Primary
Teritary
Secondary
Quarternary
23
Moving from one plot of land to another once the soil is exhausted is an example of
shifting cultivation
market gardening
livestock ranching
commercial farming
24
The total value of all goods and services produced in a year by a country is the
Gross Domestic Product
Gross National Product
Purchasing Power Parity
National Production Cost
25
All are examples of more developed countries EXCEPT
United States
Japan
Australia
Nigeria
26
Israel is a country that has a mixed (socialist) economy.
True
False
27
Woodcrafts and pottery done in a home workshop that are for sale are examples of
commercial industries
cottage industries
factory/warehouse
mechantiles
28
Which is not a SOCIAL improvement of the Industrial Revolution?
soring population growth
decreased construction
improved access to health care
increase demand for higher wages
29
The study of economics must include all EXCEPT
what should be produced
how should it be produced
who gets what is produced
when should it be produced
30
Great Britain was the hearth of the
domestication of rice
Green Revolution
grain farming
Industrial Revolution
