Economic Development — Quiz Answers

9 verified answers
1
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What are microloans?

A
Money lent for education that must be paid back after graduation.
B
Money lent to people that must be paid back in larger amounts.
C
Money lent to people in small sums that is used to start businesses.
D
Money lent to developing countries by other countries’ governments.
2
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What does standard of living measure?

A
level of freedom and democracy
B
availability of goods and services
C
value of gold and minerals
D
speed of innovation and development
3

Which effect does political instability typically have on economic development?

A
It increases economic development.
B
It has no impact on economic development.
C
It limits economic development.
D
It diversifies economic development.
4

When measuring standard of living, which factor is a weakness when using HDI and terms like developed and developing ?

A
They do not consider the wealth of citizens.
B
They do not account for factors such as happiness and climate.
C
They do not differentiate between primary and secondary schooling.
D
They do not consider healthcare outcomes.
5

The terms “developed country” and “developing country” are used to differentiate between the levels of which of the following?

A
civil rights development
B
environmental development
C
political development
D
economic development
6

Sort each statement to show whether it applies to a developed country or a developing country.

Answer:

People have a longer life expectancy.,Most citizens graduate high school, and many go to college.,Food is easily affordable and made from quality ingredients.|People have a shorter life expectancy.,Economies are more heavily focused on primary and secondary sectors.,Citizens have less access to education

7

Which trait is typical of a country with high levels of economic development?

A
gender-based discrimination
B
short life expectancies
C
active international trade
D
most jobs in primary sectors
8

How does a lack of infrastructure hinder economic development?

A
It limits a country’s ability to move goods.
B
It causes a gender gap in education.
C
It causes a reliance on fossil fuels.
D
It leads to changes in climate and weather.
9

What is lost in a country due to “brain drain”?

A
educated workers
B
trade partners
C
natural resources
D
cultural practices

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