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This is my first quiz boys don't assault me if i missed something
Questions and Answers
1.
Which region of the world has the lowest HDI?
A.
Middle East
B.
Latin America
C.
Sub-Saharan Africa
D.
South Pacific
E.
Western Europe
Correct Answer
C. Sub-Saharan Africa
Explanation Sub-Saharan Africa has many countries with an HDI less than 0.5 with no countries with an HDI over 0.69
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2.
What is not the main factor in creating the HDI?
A.
Literacy Rate
B.
Education
C.
Life Expectancy
D.
Health Expenditure
E.
Gross Domestic Product per Capita
Correct Answer
D. Health Expenditure
Explanation Health Expenditure is not the main factor in creating the HDI. The Human Development Index (HDI) is a measure of a country's overall development, which includes factors such as education, life expectancy, and gross domestic product per capita. While health expenditure is important for improving healthcare services and outcomes, it is not the main determining factor in calculating the HDI. The HDI takes into account a broader range of indicators to provide a more comprehensive assessment of a country's development level.
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3.
Russia is a developing country.
A.
True
B.
False
Correct Answer
A. True
Explanation The UN traditionally classified Russia as a developed country, but because of its limited progress in development both under and since communism, the UN now classifies Russia as a developing country
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4.
What is the average GDP per capita for MDC's?
A.
Below $1,000
B.
About $1,000
C.
About $4,000
D.
About $27,000
E.
About $40,000
Correct Answer
D. About $27,000
Explanation The correct answer is "About $27,000". This suggests that the average GDP per capita for MDC's (More Developed Countries) is around $27,000. This indicates that these countries have a relatively high level of economic development and prosperity compared to those with lower average GDP per capita.
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5.
To get the GDP, geographers get the incomes of everyone working in the country and average them together
A.
True
B.
False
Correct Answer
B. False
Explanation To get the GDP, geographers find the value of the total goods and products created by a country, and divide it by the population.
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6.
What is the average GDP per capita for LDCs?
A.
Below $1,000
B.
About $1,000
C.
About $2,500
D.
About $4,000
E.
About $5,000
Correct Answer
D. About $4,000
Explanation The correct answer is "About $4,000". This suggests that the average GDP per capita for LDCs is approximately $4,000. This figure indicates the average economic output per person in these countries. It is important to note that this is an average value and individual countries may have varying GDP per capita figures within the LDC category.
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7.
Per capita GNI can measure perfectly the level of a country's development.
A.
True
B.
False
Correct Answer
B. False
Explanation Per capita GNI-or, for that matter, any other single indicator-cannot measure perfectly the level of a country's development. For example, not everyone is wealthy in a developed country with per capita GNI of $40,000.
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8.
Which of the following jobs would not be considered part of the quarternary sector of economy?
A.
CEO of an Industry
B.
Trainee in Research and Development
C.
Developer in Technology
D.
Educational Representative
E.
Retail Marketer
Correct Answer
A. CEO of an Industry
Explanation A CEO of an industry makes top level decisions, which would be considered part of the quinary sector of economy
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9.
Numerically, the GDP per capita rose more in MDC's than in LDC's from 1990 to 2005.
A.
True
B.
False
Correct Answer
A. True
Explanation The GDP per capita for MDC's rose $10000 while it only rose $4000 in LDC's
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10.
As a percentage, the GDP per capita rose more in MDCs than in LDCs from 1990 to 2005.
A.
True
B.
False
Correct Answer
B. False
Explanation the GDP per capita as a percentage rose more in LDCs because the value of the GDP per capita in 1990 wasn't much to start with anyway
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11.
Define : Value of a particular product compared to the amount of labor needed to make it
Correct Answer productivity,
Productivity
Explanation The definition provided states that productivity is the value of a particular product compared to the amount of labor needed to make it. Therefore, the correct answer is productivity.
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12.
Define : Gross value of a product minus the costs of raw materials and energy
Correct Answer Value added,
Value Added,
value added
Explanation The term "value added" refers to the increase in value that a company or producer adds to a product or service during the production process. It is calculated by subtracting the cost of raw materials and energy from the gross value of the product. This measure helps to determine the economic contribution made by a company or sector to the overall economy. The repetition of the term in the answer suggests that it is emphasizing the importance and significance of value added in economic analysis.
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13.
What has enabled MDCs to produce materials with a high value added? (Check all that apply)
A.
Tools
B.
Machinery
C.
Animal Power
D.
Equipment
Correct Answer(s)
A. Tools B. Machinery D. Equipment
Explanation MDCs have technological improvements, so mechanical products assist in producing for the countries
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14.
What kind(s) of power do LDCs depend on for production of resources?
A.
Human
B.
Solar
C.
Hydroelectric
D.
Animal
E.
Machine
Correct Answer(s)
A. Human D. Animal
Explanation LDCs do not have technological improvements, so they are not able to use solar panels, machines, or turbines
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15.
To ensure that there is an adequate supply of raw materials, what did European countries do?
A.
They formed colonies in Africa and Asia
B.
They made slaves work in the mines and at logging camps
C.
They utilized machinery to maximize resource collection
D.
They farmed for substitutions to mimic the respective material
E.
They did nothing as this was never a dilemma
Correct Answer
A. They formed colonies in Africa and Asia
Explanation Africa and Asia held many supplies of raw materials, so they were able to provide the European countries with them
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16.
Technological improvements diffused from _________________ areas to __________________ areas in LDCs.
(Put a semicolon (;) and a space between the two words)
Explanation Technology was used in urban areas of LDCs before they started diffusing to the rural areas
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17.
What is/are the social factor(s) of the HDI? (Check all that apply)
A.
Education
B.
Health Expenditure
C.
Literacy
D.
Income
E.
Calorie Intake
Correct Answer(s)
A. Education C. Literacy
Explanation Income is an economic factor. Health expenditure and calorie intake are used to compare MDCs and LDCs
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18.
What is/are the demographic factor(s) of the HDI? (Check all that apply)
A.
Infant Mortality Rate
B.
Natural Increase Rate
C.
Crude Birth Rate
D.
Life Expectancy
E.
Crude Death Rate
Correct Answer
D. Life Expectancy
Explanation Life expectancy is the only value that is inserted to calculate a country's HDI. The others are only used to compare MDCs and LDCs
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19.
Anglo-America is the world's largest manufacturer
A.
True
B.
False
Correct Answer
B. False
Explanation Anglo-America was the world's largest manufacturing, but now Japan, Western Europe, and China have surpassed Anglo-America as the world's largest manufacturer
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20.
What is the main reason that Western European countries produce high value goods and services?
A.
To pay for importation of raw materials
B.
To allow for their citizens to live a luxurious life
C.
To show off they are better than the rest of the world
D.
To provide the leaders with luxury items
Correct Answer
A. To pay for importation of raw materials
Explanation Western Europe relies on the imports of raw materials from other countries, especially food. Therefore, to pay for the resources, it exports high value goods
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21.
What did the Soviets emphasize to the countries in Eastern Europe that could possibly improve development rates? (Check all that apply)
A.
Heavy industry, such as machines
B.
Transportation
C.
Spread of factories to lessen the vulnerability of vital industries
D.
Mining and other primary sector jobs
E.
Locate manufacturing sites near raw materials
F.
Locate manufacturing sites near customers
G.
Give priority to producing customer goods
Correct Answer(s)
A. Heavy industry, such as machines B. Transportation C. Spread of factories to lessen the vulnerability of vital industries D. Mining and other primary sector jobs E. Locate manufacturing sites near raw materials
Explanation The Gosplan developed 5-year plans that helped plan each country's road to development and made goals for each country's development
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22.
Eastern European countries rejected the Soviet plan because they had experienced central planning before. What did they experience before? (Check all that apply)
A.
Scarce funds were used for long term investments
B.
Eastern Europe did not have efficient agricultural practices
C.
They had to import much food from other regions
D.
The government often checked the factories
E.
The orders sent from the government were often not put into effect
F.
There was much pollution
G.
The government tried to control the pollution, so the factories were not that efficient
Correct Answer(s)
B. Eastern Europe did not have efficient agricultural practices C.
They had to import much food from other regions E. The orders sent from the government were often not put into effect F. There was much pollution
Explanation Scarce funds were used for short term projects, so there was not enough money to be spent on long term investments such as technology.
The government did not have time to check all of the factories.
The citizens did not try to pressurize their government into controlling the pollution rates.
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23.
Japanese people are abundant and work at very low wages to provide high-quality, high-value products.
A.
True
B.
False
Correct Answer
A. True
Explanation The statement suggests that Japanese people are numerous and willing to work for low wages, which allows them to produce high-quality products. This implies that the abundance of workers and their willingness to work at low wages contribute to the production of high-value products in Japan. Therefore, the statement is true.
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24.
Japan spends twice as much money as the United States on research and development.
A.
True
B.
False
Correct Answer
A. True
Explanation Japan spends twice as much money as the United States on research and development. This means that Japan's expenditure on research and development is double that of the United States. It implies that Japan is investing more financial resources into research and development activities compared to the United States.
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25.
What is/are the main global effect(s) of having a large population working in factories under low wages producing low-cost products? (Check all that apply)
A.
Getting larger populations
B.
Building more factories
C.
Lowering wages
D.
Lowering product costs produced by other factories
Correct Answer(s)
C. Lowering wages D. Lowering product costs produced by other factories
Explanation Having a large population working in factories under low wages can lead to a decrease in wages overall. This is because when there is a surplus of labor, employers have more bargaining power and can pay lower wages. Additionally, the production of low-cost products by these factories can lead to a decrease in the prices of similar products produced by other factories. This is because the availability of cheaper alternatives can create competition and drive down prices in the market.
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26.
What is the main resource found in the Middle East that the countries in that region use to sell to MDCs for a profit?
A.
Petroleum
B.
Natural Gas
C.
Coal
Correct Answer
A. Petroleum
Explanation The main resource found in the Middle East that the countries in that region use to sell to MDCs for a profit is petroleum. The Middle East is known for its vast reserves of oil, and many countries in the region heavily rely on the export of petroleum to generate revenue and boost their economies. Petroleum is a valuable commodity in the global market, and the Middle East's abundance of this resource gives them a competitive advantage in selling it to more developed countries.
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27.
All Middle Eastern countries are able to gain profits off of petroleum.
A.
True
B.
False
Correct Answer
B. False
Explanation Petroleum reserves are not found everywhere in the Middle East. Note that when Kuwait was invaded by Iraq in 1990, most people in the Middle East did not have sympathy for it.
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28.
What did the UN create that helped create information based on the lack of resources for women in the Middle East? (No acronym accepted)
Correct Answer Alternative Human Development Index,
Alternate human development index,
alternate human development index
Explanation The UN created the Alternative Human Development Index to address the lack of resources for women in the Middle East. This index provides information and measures the development progress of women in the region, taking into account factors such as education, health, and income. It serves as an alternative to traditional development indices and helps highlight the specific challenges and needs of women in the Middle East.
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29.
What does GDI stand for?
Correct Answer Gender-Related Development Index,
Gender-related Development Index,
gender-related development index
Explanation The correct answer is "Gender-Related Development Index, Gender-related Development Index, gender-related development index." GDI stands for Gender-Related Development Index, which is a measure of gender inequality and a component of the Human Development Index. It assesses the gender gaps in health, education, and income, providing a comprehensive picture of gender disparities in development. The variations in capitalization do not affect the meaning of the acronym.
Explanation The correct answer is "Gender Empowerment Measure, Gender empowerment measure, gender empowerment measure." The question is asking for the full form of the acronym GEM. In this context, GEM stands for Gender Empowerment Measure, which is a measure used to assess gender equality and women's empowerment in different countries. The repetition of the answer in different formats suggests that all variations of the answer are correct.
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31.
The GDI has the same factors as the HDI.
A.
True
B.
False
Correct Answer
A. True
Explanation The GDI (Gender Development Index) is a measure of gender inequality in a country, while the HDI (Human Development Index) is a measure of overall human development. Both indices consider factors such as life expectancy, education, and income. Since gender inequality is a component of overall human development, it can be inferred that the GDI has the same factors as the HDI. Therefore, the statement is true.
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32.
What is the highest possible value for the GDI?
Correct Answer 1,
1.0,
one,
One
Explanation The highest possible value for the GDI can be any of the options provided (1, 1.0, one, One) as they all represent the same numerical value. The GDI is a measure of gender equality and development, and it is not limited to specific numerical values. Therefore, any of the given options can be considered as the highest possible value for the GDI.
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33.
There is a country with a GEM of 1.0.
A.
True
B.
False
Correct Answer
B. False
Explanation There is no country (at the moment) with perfect equality between males and females.
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34.
On average, women live longer than men in every country.
A.
True
B.
False
Correct Answer
A. True
Explanation The average life expectancy of a female is higher than the average life expectancy of a male in any country in the world. The only difference between life expectancies in MDCs and LDCs is the amount of the difference between the two genders
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35.
What is the highest possible value for the GEM?
Correct Answer 1,
1.0,
one,
One
Explanation The highest possible value for the GEM can be any of the options provided: 1, 1.0, one, or One. This is because all the options represent the same numerical value, which is 1. Therefore, regardless of the format or spelling used, the value remains the same and there is no distinction in terms of the highest possible value.
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36.
There is a country with a GEM of 1.0.
A.
True
B.
False
Correct Answer
B. False
Explanation No country (at the moment) has achieved the highest GEM possible
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37.
What is/are the economic factor(s) of the GEM? (Check all that apply)
A.
Women's income compared to men's income
B.
Percentage of women in managerial jobs
C.
Percentage of women in professional or technical jobs
D.
Percentage of women enrolled in school
Correct Answer(s)
A. Women's income compared to men's income C. Percentage of women in professional or technical jobs
Explanation Percentage of women in managerial jobs is part of the political factors of the GEM. The percentage of women enrolled in school is not in the GEM
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38.
What is/are the political factor(s) of the GEM? (Check all that apply)
A.
Percentage of women in managerial jobs
B.
Percentage of women in professional jobs
C.
Percentage of women elected to public office
D.
Percentage of women literate
Correct Answer(s)
A. Percentage of women in managerial jobs C. Percentage of women elected to public office
Explanation Percentage of women in professional jobs is part of the economic factors, and percentage of women literate is not in the GEM
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39.
The GDI is always higher than the GEM.
A.
True
B.
False
Correct Answer
A. True
Explanation The Gender Development Index (GDI) measures gender inequalities in a country based on factors like education, income, and life expectancy. On the other hand, the Gender Empowerment Measure (GEM) focuses on gender inequalities in political and economic participation. Since the GDI takes into account a broader range of factors, including those considered in the GEM, it is expected that the GDI will always be higher than the GEM. This is because the GDI captures a more comprehensive picture of gender inequalities, while the GEM only focuses on specific aspects.
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40.
Which is not part of the Four Asian Dragons?
A.
Vietnam
B.
Taiwan
C.
Hong Kong
D.
Singapore
E.
South Korea
Correct Answer
A. Vietnam
Explanation Vietnam is not part of the Four Asian Dragons. The Four Asian Dragons refer to the highly developed economies of Taiwan, Hong Kong, Singapore, and South Korea. These countries experienced rapid economic growth and industrialization in the latter half of the 20th century. Vietnam, although it has shown significant economic growth in recent years, is not traditionally included in this group.
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41.
What does WTO stand for?
Correct Answer World Trade Organization,
World trade organization,
world trade organization
Explanation The correct answer for this question is "World Trade Organization." The WTO is an international organization that deals with the global rules of trade between nations. It is responsible for negotiating and implementing trade agreements, resolving trade disputes, and facilitating trade among its member countries. The correct answer is provided in three different formats, with the correct capitalization and spelling variations.
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42.
The majority of foreign trade investments are from MDCs to LDCs.
A.
True
B.
False
Correct Answer
B. False
Explanation Two-thirds of foreign trade investments are from MDCs to other MDCs. The other one-third is from MDCs to LDCs
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43.
The IBRD and IDA are part of the _________.
Correct Answer World Bank,
World bank,
world bank
Explanation The correct answer is "World Bank." The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) are both part of the World Bank Group. The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. The IBRD focuses on middle-income and creditworthy low-income countries, while the IDA provides assistance to the world's poorest countries.
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44.
Countries in which region have accumulated the largest debts, numerically?
A.
Anglo-America
B.
Middle East
C.
Sub-Saharan Africa
D.
Latin America
E.
South Pacific
F.
East Asia
Correct Answer
A. Anglo-America
Explanation Brazil, Mexico, and Argentina have the largest debts in the world.
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45.
Countries in which region have the largest debts based on a percentage of the GNI?
A.
Anglo-America
B.
Western Europe
C.
Middle East
D.
Sub-Saharan Africa
E.
Latin America
Correct Answer
D. Sub-Saharan Africa
Explanation There are more than 10 countries in Sub-Saharan Africa with debts more than 100% of their GNI.
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46.
Which of the following is not a challenge to self-sufficiency?
A.
Protection of inefficient businesses
B.
Need for large bureaucracy
C.
Companies protected from international competition
D.
Uneven distribution of resources
Correct Answer
D. Uneven distribution of resources
Explanation Uneven resource distribution is a challenge for international trade
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47.
Which of the following is not a challenge to international trade?
A.
Uneven distribution of resources
B.
Increased dependence on developing countries
C.
Decline of market
D.
Tariffs and restrictions on import and export of goods
Correct Answer
D. Tariffs and restrictions on import and export of goods
Explanation Tariffs and restrictions on the import and export of goods were reduced or eliminated, evidenced by India's triumphs over collection of barriers to international trade.
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48.
The _______ and the _______ are major lenders to developing countries.
(Acronyms not accepted, place a semicolon ; between answers, Capitalize the first letter of each word)
Correct Answer World Bank; International Monetary Fund
International Monetary Fund; World Bank
Explanation The World Bank and the International Monetary Fund are major lenders to developing countries. Both organizations provide financial assistance and support to help countries with their economic development and growth. The World Bank focuses on providing long-term loans and grants for specific development projects, while the International Monetary Fund provides short-term loans and financial stability advice to countries facing economic crises. Together, they play a crucial role in promoting economic stability and development in developing countries.
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49.
Which is not a reason the World Bank judged its projects for funding in Africa to be failures?
A.
Projects didn't function as intended due to faulty engineering
B.
Recipient nations squander or spend aid on armaments, or the aid is stolen
C.
New infrastructure does not attract other investment
D.
The funding spent was redirected for an unintentional cause
Correct Answer
D. The funding spent was redirected for an unintentional cause
Explanation The World Bank judged its projects for funding in Africa to be failures for various reasons, including projects not functioning as intended due to faulty engineering, recipient nations squandering or spending aid on armaments, or the aid being stolen, and new infrastructure not attracting other investment. However, the funding being redirected for an unintentional cause is not mentioned as a reason for the World Bank judging its projects as failures.
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50.
What is a developing country required to prepare for debt relief?
A.
Economic certification document
B.
Policy framework paper
C.
Resources to exchange for relief
D.
A backup strategy to rebuild economic structure
Correct Answer
B. Policy framework paper
Explanation To prepare for debt relief, a developing country is required to prepare a policy framework paper that outlines a structural adjustment program, which includes economic goals strategies for achieving the objective, and external financing requirements
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