Chapter 10 Deblij Vocabulary
Choose the best answer for each of the questions below.
Questions and Answers
- 1.
A series of links connecting the many places of production and distribution and resulting in a commodity that is on world market
- A.
Neocolonialism
- B.
Dollarization
- C.
Desertification
- D.
Commodity chain
Correct Answer
D. Commodity chainExplanation
A commodity chain refers to a series of links that connect various places involved in the production and distribution of a commodity, ultimately resulting in the commodity being available on the global market. This concept highlights the interconnectedness of different stages in the production process, from sourcing raw materials to manufacturing, packaging, transportation, and marketing. It emphasizes how different regions and countries contribute to the creation and availability of a particular commodity, highlighting the global nature of trade and economic interdependence.Rate this question:
-
- 2.
The total value of all goods and services produced by a country's economy in a given year. It includes all goods and services produced by corporations and individuals of a country, whether or not they are located within the country.
- A.
Gross National Product (GNP)
- B.
Gross National Income (GNI)
- C.
Dollarization
- D.
World Systems Theory
Correct Answer
A. Gross National Product (GNP)Explanation
Gross National Product (GNP) refers to the total value of all goods and services produced by a country's economy in a given year. It takes into account all goods and services produced by both corporations and individuals of a country, regardless of their location. GNP is a measure of the overall economic activity and productivity of a country, and it helps in comparing the economic performance of different countries.Rate this question:
-
- 3.
The total value of goods and services produced by a country per year plus net income earned abroad by its nationals; formerly called "gross national product."
- A.
Gross Domestic Product (GDP)
- B.
Gross National Income (GNI)
- C.
World Systems Theory
- D.
Formal economy
Correct Answer
B. Gross National Income (GNI)Explanation
Gross National Income (GNI) is the correct answer because it refers to the total value of goods and services produced by a country per year, including net income earned abroad by its nationals. This measure takes into account the income generated by a country's citizens both domestically and internationally. It provides a comprehensive assessment of a country's economic performance and is commonly used to compare the economic strength of different nations.Rate this question:
-
- 4.
The legal economy that is taxed and monitored by a government and is included in a government's Gross National Product; as opposed to an informal economy
- A.
Desertification
- B.
Microcredit program
- C.
Developing
- D.
Formal economy
Correct Answer
D. Formal economyExplanation
A formal economy refers to the legal economy that is regulated, taxed, and monitored by the government. It is included in the government's Gross National Product (GNP). This means that all economic activities within the formal economy are accounted for and contribute to the overall economic growth of a country. In contrast, an informal economy operates outside of government regulations and is not included in the GNP. The distinction between the formal and informal economy is important for policymakers and economists to understand the true size and impact of economic activities within a country.Rate this question:
-
- 5.
A model of economic development most closely associated with the work of economist Walter Rostow. The modernization model (sometimes referred to as modernization theory) maintains that all countries go through five interrelated stages of development, which culminate in an economic state of self-sustained economic growth and high levels of mass consumption.
- A.
Modernization Model
- B.
Desertification
- C.
Special economic zones
- D.
Trafficking
Correct Answer
A. Modernization ModelExplanation
The correct answer is the Modernization Model. This model, associated with economist Walter Rostow, suggests that all countries go through five stages of development, leading to self-sustained economic growth and high levels of mass consumption. It emphasizes the importance of industrialization, technological advancements, and societal changes in achieving economic development. The Modernization Model focuses on the idea that economic growth and development can be achieved by following a specific path of modernization.Rate this question:
-
- 6.
The entrenchment of the colonial order, such as trade and investment, under a new guise.
- A.
Nongovernmental organizations
- B.
Context
- C.
Neocolonialism
- D.
Vectored diseases
Correct Answer
C. NeocolonialismExplanation
Neocolonialism refers to the continuation of colonial control and exploitation by powerful countries over less developed nations, but in a new form. In this context, the entrenchment of the colonial order, such as trade and investment, under a new guise, suggests that the powerful countries are maintaining their dominance over the less developed nations through economic means. This can be seen through the involvement of nongovernmental organizations and the spread of vectored diseases, which can be seen as tools used by the powerful countries to further their economic interests and control over the less developed nations.Rate this question:
-
- 7.
A general term for a model of economic development that treats economic disparities among countries or regions as the result of historically derived power relations within the global economic system.
- A.
Vectored diseases
- B.
Malaria
- C.
North American Free Trade Agreement
- D.
Structuralist Theory
Correct Answer
D. Structuralist TheoryExplanation
Structuralist Theory is a general term for a model of economic development that attributes economic disparities among countries or regions to historically derived power relations within the global economic system. This theory suggests that the global economic system is structured in a way that perpetuates and reinforces inequalities, with certain countries or regions benefiting at the expense of others. It focuses on the structural factors and power dynamics that shape economic outcomes, rather than solely attributing disparities to individual or internal factors.Rate this question:
-
- 8.
When a poorer country ties the value of its currency to that of a wealthier country, or when it abandons its currency and adopts the wealthier country's currency as its own.
- A.
Dollarization
- B.
Island of development
- C.
Structural adjustment loans
- D.
Modernization Model
Correct Answer
A. DollarizationExplanation
Dollarization refers to the process in which a country adopts the currency of a wealthier nation as its own. This can happen when a poorer country ties the value of its currency to that of a wealthier country or completely abandons its currency in favor of the wealthier country's currency. Dollarization is often seen as a way to stabilize the economy and attract foreign investment, as it provides greater confidence in the currency and eliminates exchange rate fluctuations. However, it also means that the country loses control over its monetary policy and must rely on the monetary decisions made by the wealthier country.Rate this question:
-
- 9.
When a family sends a child or an adult to a labor recruiter in hope that the labor recruiter will send money, and the family member will earn more money to send home.
- A.
Developing
- B.
Trafficking
- C.
Neocolonialism
- D.
Malaria
Correct Answer
B. TraffickingExplanation
Trafficking refers to the illegal trade or smuggling of individuals, often for forced labor or exploitation. In the given scenario, the family sends a child or adult to a labor recruiter with the hope that the recruiter will send money back home. This suggests that the family is engaging in trafficking by sending their family member to work under potentially exploitative conditions, in order to earn more money.Rate this question:
-
- 10.
Vectored disease spread by mosquitoes that carry the malaria parasite in their saliva and which kills approximately 150,000 children in the global periphery each month
- A.
Desertification
- B.
Developing
- C.
Malaria
- D.
Maquiladoras
Correct Answer
C. MalariaExplanation
Malaria is a vector-borne disease caused by parasites transmitted through the bites of infected mosquitoes. The question states that it is a disease spread by mosquitoes that carry the malaria parasite in their saliva. It also mentions that malaria kills approximately 150,000 children in the global periphery each month. Therefore, the correct answer is malaria.Rate this question:
-
- 11.
Those U.S. firms that have factories just outside the United States/Mexican border in areas that have been specially designated by the Mexican government. In such areas, factories cheaply assemble goods for export back into the United States.
- A.
Structural adjustment loans
- B.
Maquiladoras
- C.
Island of development
- D.
Formal economy
Correct Answer
B. MaquiladorasExplanation
Maquiladoras are the correct answer because they refer to factories located just outside the United States/Mexican border that assemble goods at low costs for export back into the United States. These factories are established in areas that have been specifically designated by the Mexican government. The term "maquiladoras" is commonly used to describe this type of manufacturing arrangement in the region.Rate this question:
-
- 12.
An alliance that merges canada, mexico and the united states into a single market
- A.
Gross National Income (GNI)
- B.
North American Free Trade Agreement (NAFTA)
- C.
World Systems Theory
- D.
Informal economy
Correct Answer
B. North American Free Trade Agreement (NAFTA)Explanation
The correct answer is North American Free Trade Agreement (NAFTA). NAFTA is an agreement between Canada, Mexico, and the United States that eliminates trade barriers and promotes economic integration between the three countries. It establishes a single market by reducing tariffs and other trade barriers, allowing for the free movement of goods and services across the borders. The agreement aims to boost economic growth and competitiveness in the region by facilitating trade and investment among the member countries.Rate this question:
-
- 13.
Place built up by a government or corporation to attract foreign investment and which has relatively high concentrations of paying jobs and infrastructure.
- A.
Commodity chain
- B.
Structuralist Theory
- C.
Dependency Theory
- D.
Island of development
Correct Answer
D. Island of developmentExplanation
An island of development refers to a place that is created by a government or corporation with the aim of attracting foreign investment. It is characterized by having a high concentration of well-paying jobs and infrastructure. This term is often used to describe areas that have experienced significant economic growth and development compared to the surrounding regions.Rate this question:
-
- 14.
Program that provides small loans to poor people, especially women, to encourage development of small businesses.
- A.
Microcredit program
- B.
Structural adjustment loans
- C.
Special economic zones
- D.
Dollarization
Correct Answer
A. Microcredit programExplanation
A microcredit program is a type of program that offers small loans to individuals, particularly those who are economically disadvantaged, with a focus on women. The main purpose of this program is to promote the growth and development of small businesses. By providing access to credit and financial services, it aims to empower individuals and enable them to establish or expand their own businesses, ultimately contributing to poverty reduction and economic development.Rate this question:
-
- 15.
With respect to a country, making progress in technology, production, and socioeconomic welfare
- A.
Informal economy
- B.
Malaria
- C.
Commodity chain
- D.
Developing
Correct Answer
D. DevelopingExplanation
The term "developing" refers to a country that is making progress in technology, production, and socioeconomic welfare. It implies that the country is in the process of improving its infrastructure, industries, and overall standard of living. This term is often used to describe countries that are transitioning from a less advanced stage of development to a more advanced one.Rate this question:
-
- 16.
The total value of goods and services produced within the borders of a country during a specific time period, usually one year.
- A.
Gross National Income (GNI)
- B.
Per capita GNI
- C.
Gross National Product (GNP)
- D.
Gross Domestic Product (GDP)
Correct Answer
D. Gross Domestic Product (GDP)Explanation
Gross Domestic Product (GDP) is the correct answer because it measures the total value of goods and services produced within a country's borders during a specific time period. It is a widely used indicator to assess the economic performance of a country and is often used to compare the economic strength of different nations. GNI and GNP are similar measures but take into account the income generated by a country's residents both domestically and abroad, while per capita GNI divides the total GNI by the population to give an average income per person.Rate this question:
-
- 17.
Economic activity that is neither taxed nor monitored by a government; and is not included in that government's Gross National Product; as opposed to a formal economy
- A.
Formal economy
- B.
Informal economy
- C.
Microcredit program
- D.
Dependency Theory
Correct Answer
B. Informal economyExplanation
The informal economy refers to economic activities that are not regulated or monitored by the government and are not included in the country's Gross National Product. This includes activities such as street vending, unregistered small businesses, and cash transactions. These activities often provide income and employment opportunities for individuals who may not have access to formal employment. The informal economy can be seen as a parallel economy that exists alongside the formal economy, and it plays a significant role in many developing countries where formal job opportunities are limited.Rate this question:
-
- 18.
The geographical situation in which something occurs; the combination of what is happening at a variety of scales concurrently
- A.
Context
- B.
Desertification
- C.
Malaria
- D.
Developing
Correct Answer
A. ContextExplanation
Context refers to the geographical situation in which something occurs and the combination of what is happening at a variety of scales concurrently. It helps to understand the circumstances, environment, and factors that influence a particular event or situation. In the given options, desertification, malaria, and developing can all be better understood and analyzed by considering the context in which they occur.Rate this question:
-
- 19.
Loans granted by international financial institutions such as the World Bank and the International Monetary Fund to countries in the periphery and the semi periphery in exchange for certain economic and governmental reforms in that country(e.g. privatization of certain government entities and opening the country to foreign trade and investment)
- A.
Commodity chain
- B.
Structural adjustment loans
- C.
Microcredit program
- D.
Neocolonialism
Correct Answer
B. Structural adjustment loansExplanation
Structural adjustment loans refer to loans provided by international financial institutions like the World Bank and the International Monetary Fund to countries in the periphery and semi-periphery. These loans are given in exchange for specific economic and governmental reforms in the recipient country. These reforms often include privatization of government entities and opening up the country to foreign trade and investment. The purpose of these loans is to promote economic growth and stability in the borrowing country.Rate this question:
-
- 20.
A structuralist theory that offers a critique of the modernization model of development. Based on the idea that certain types of political and economic relations (especially colonialism) between countries and regions of the world have created arrangements that both control and limit the extent to which regions can develop.
- A.
Modernization Model
- B.
Structuralist Theory
- C.
Dependency Theory
- D.
Nongovernmental organizations
Correct Answer
C. Dependency TheoryExplanation
Dependency Theory is the correct answer because it aligns with the given explanation. The theory criticizes the modernization model of development and argues that certain political and economic relationships, such as colonialism, have created arrangements that restrict the development of certain regions. Dependency Theory suggests that these arrangements create a dependency relationship between developed and underdeveloped regions, with the former exerting control and limiting the latter's development.Rate this question:
-
- 21.
There is no video available yet, please upload the video
Back to top