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

Poor climate & resources generally complicate development

"Brain drain" occurs when

an engineer leaves her LDC to work in a developed nation

Why does globalization sometimes cause job loss in developed nations?

movement of jobs to other countries can cause umemployment

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

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

middle class is increasing demand for consumer goods

What is the Group of 20?

group of environmental scientist from 20 countries

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

A French company builds a factory in Costa Rica

Why are workers in developed nations worried about job loss?

movement of jobs overseas causes unemployment

Which statement describes India's economy today?

it's growing rapidly, especially in technology

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

There are fewer workers available to work in industrial jobs

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

providing development assistance to LDCs

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

selling these govt. owned buinesses to individuals

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

high level of industrialization

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

benefits from the sale of a valuable resource

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

It adopted many of the practices of free enterprise.

What is one way human capital contributes to development?

A skilled workforce encourages investment

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Economics: Globalization

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globalization economics

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Questions 41

Answers

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

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