Geography: Development Practice Test Questions! Quiz
Quiz Description
- 1.
According to the international trade approach to development, a country should identify all but which of its following assets?
- A.
Abundant agricultural products
- B.
High quality manufactured goods
- C.
Imports that it should limit
- D.
International consumer preferences
- E.
Abundant mineral resources
Correct Answer
C. Imports that it should limitExplanation
According to the international trade approach to development, a country should identify its abundant agricultural products, high quality manufactured goods, international consumer preferences, and abundant mineral resources as its assets. However, it should not identify imports that it should limit as an asset.Rate this question:
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- 2.
The biggest problem in promoting development through the international trade alternative is
- A.
Increased demand for many goods.
- B.
Increased price of petroleum.
- C.
Regional cooperation.
- D.
Unequal distribution of resources.
- E.
Consumer demand expanding faster than manufacturing can increase.
Correct Answer
D. Unequal distribution of resources.Explanation
The biggest problem in promoting development through international trade is the unequal distribution of resources. This means that certain countries or regions have an abundance of resources while others lack them. This imbalance creates an unfair advantage for some countries, leading to unequal trade relationships and hindering the development of less resource-rich nations. This can result in economic disparities and hinder overall global development.Rate this question:
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- 3.
The principal benefit of the self-sufficiency approach is to promote
- A.
Balanced growth of all economic sectors.
- B.
Global competitiveness for local industries.
- C.
The maintenance of a large bureaucracy.
- D.
Unequal distribution of resources.
- E.
International trade.
Correct Answer
A. Balanced growth of all economic sectors.Explanation
The self-sufficiency approach aims to promote balanced growth of all economic sectors. This means that instead of focusing on a few specific industries, the approach encourages the development of multiple sectors simultaneously. By doing so, it ensures that the economy grows in a well-rounded manner, reducing the risk of overdependence on a single sector. This approach also helps in creating a diverse and resilient economy that can withstand external shocks and fluctuations in specific industries.Rate this question:
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- 4.
In contrast to the international trade approach, the self-sufficiency approach to development
- A.
Begins when an elite group initiates innovative activities.
- B.
Attempts to result in uneven resource development. and market correction indices.
- C.
Suffers from market stagnation.
- D.
Attempts to spread investment through all sectors of the economy.
- E.
Attempts to identify appropriate developmental stages.
Correct Answer
D. Attempts to spread investment through all sectors of the economy.Explanation
The correct answer is "attempts to spread investment through all sectors of the economy." The self-sufficiency approach to development focuses on reducing dependence on foreign trade by promoting investment in all sectors of the economy. This approach aims to develop a balanced and diversified economy, where all sectors contribute to growth and development. By spreading investment across various sectors, the self-sufficiency approach aims to create a strong and resilient economy that can support sustainable development.Rate this question:
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- 5.
Traditional barriers to international trade have included
- A.
Low taxes on imports.
- B.
Making domestic goods more expensive.
- C.
Eliminating quotas on imports.
- D.
Requiring licenses for importers.
- E.
Strong domestic and international demand.
Correct Answer
D. Requiring licenses for importers.Explanation
Requiring licenses for importers is a traditional barrier to international trade. This means that importers need to obtain a license from the government in order to bring goods into the country. This barrier can limit the number of imports and protect domestic industries by making it more difficult for foreign goods to enter the market. The other options listed, such as low taxes on imports, eliminating quotas, and strong demand, actually promote international trade rather than acting as barriers.Rate this question:
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- 6.
The biggest problem faced by less developed countries in financing development is
- A.
Trade negotiations with more developed countries.
- B.
Identifying unique economic assets.
- C.
Inability to repay loans.
- D.
Promoting dependency.
- E.
Currency inflation.
Correct Answer
C. Inability to repay loans.Explanation
Less developed countries often face challenges in financing their development due to their inability to repay loans. These countries may borrow money from international financial institutions or more developed countries to fund their development projects. However, factors such as economic instability, low productivity, and high levels of debt make it difficult for these countries to generate enough revenue to repay their loans. This inability to repay loans can lead to a cycle of debt and hinder the economic progress of these countries.Rate this question:
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Jul 31, 2024Quiz Edited by
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Dec 03, 2013Quiz Created by
Sgross753
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