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

It adopted many of the practices of free enterprise.

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

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

Which statement describes India's economy today?

it's growing rapidly, especially in technology

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

providing development assistance to LDCs

Why does globalization sometimes cause job loss in developed nations?

movement of jobs to other countries can cause umemployment

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

selling these govt. owned buinesses to individuals

"Brain drain" occurs when

an engineer leaves her LDC to work in a developed nation

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

A French company builds a factory in Costa Rica

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

benefits from the sale of a valuable resource

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 is one way human capital contributes to development?

A skilled workforce encourages investment

Why are workers in developed nations worried about job loss?

movement of jobs overseas causes unemployment

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

high level of industrialization

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Economics: Globalization

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globalization economics

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Questions 41

Answers

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

Economics: Globalization Flashcards | StudBud