Economic Development — Quiz

Question 1

The Czech Republic’s decision in 2003 to join the European Union indicated that the Czech Republic

Revolt · Accepted Answer

was willing to forge economic ties with other nations.

Question 2

Why might developed economies want to outsource manufacturing and other jobs to developing economies?

Revolt · Accepted Answer

Developed economies can find more inexpensive labor in developing economies.

Question 3

How might foreign investment be problematic for a transitioning economy?

Revolt · Accepted Answer

It may be difficult to adjust to another nation’s influence.

Question 4

What does the International Monetary Fund (IMF) seek to accomplish for developing countries?

Revolt · Accepted Answer

The IMF provides economic advice and loans to developing countries.

Question 5

One social issue often facing developing countries is

Revolt · Accepted Answer

very high population growth.

Question 6

In a transitioning economy, what is a downside of rapid economic growth?

Revolt · Accepted Answer

Rapid economic growth can be difficult to regulate.

Economic Development — Quiz Answers