Do You Know All This About Economy And Geography?
Economics is a social science concerned with the production, distribution, and consumption of goods and services. Geography is a field of science devoted to the study of the lands, features, inhabitants, and phenomena of the Earth. Take this quiz to know more about both fields.
- 1.Which of the following is NOT a primary industrial region of the world today?
- A.
South Asia
- B.
Eastern Asia
- C.
Western and Central Europe
- D.
Russia and the Ukraine
- E.
Eastern North America
- 2.Which country possesses the greatest natural gas reserves?
- A.
China
- B.
Brazil
- C.
United States
- D.
Russia
- E.
India
- 3.Twenty thousand nongovernmental organizations (NGOs) in Bangladesh constitute what can be called ___________
- A.
Development islands.
- B.
A parallel state.
- C.
Subversive zones.
- D.
Colonial enclaves.
- 4.A large component of survival in countries with low per capita GNP is___________
- A.
The informal economy.
- B.
Foreign aid.
- C.
Tourism.
- D.
The sale of resources.
- 5.In peripheral countries it is not unusual for hotels in tourist areas to be owned by _________________
- A.
Local owner operators.
- B.
Worker's cooperatives.
- C.
Multinational corporations.
- D.
Local or regional governments.
- 6.The transfer of an automobile from a train to a truck at a distribution point is a good example of a(n)
- A.
Outsourcing
- B.
Break-of-bulk point
- C.
Gross national product
- D.
Growth pole
- E.
Carrier efficiency
- 7.Which of the following correctly identifies a theorist with his theory?
- A.
Harold Hotelling/ locational interdependence theory
- B.
Alfred Weber/ variable revenue analysis theory
- C.
Immanuel Wallerstein/ modernization theory
- D.
Von Thuen/ space-time compression theory
- E.
W.W. Rostow/ capitalist world economy theory
- 8.Company A orders 1,000 pounds of sugar at a cost of $1 per pound. Company B purchases 500 pounds of sugar at $2 per pound. This is an example of what concept?
- A.
Variable costs
- B.
Agglomeration
- C.
Fixed costs
- D.
Carrier efficiency
- E.
Substitution principle
- 9.Establishment of government quotas on imports (e.g. cotton shirts or steel) to the U.S. has led to _______________
- A.
A collapse of the U.S. market for shirts.
- B.
A decrease in Chinese shirt production.
- C.
A shifting of production form country to country in the periphery and semi-periphery.
- D.
An increase in Chinese wages.
- 10.Which of the four classifications of industry must locate where the resources are found?
- A.
Tertiary
- B.
Secondary
- C.
Primary
- D.
Quaternary
- 11._______ give loans to poor people, preferably women, to encourage development of small businesses.
- A.
NGOs
- B.
Structural adjustment loans
- C.
Micro credit programs
- D.
Maquiladoras
- 12.Which of the following countries is not one of the Four Asian Tigers?
- A.
Singapore
- B.
Vietnam
- C.
Taiwan
- D.
Hong Kong
- E.
South Korea
- 13.The UN developed which statistic as a measure of development in the 1970s to try to quantify economic development?
- A.
Dependence theory
- B.
Technology gap
- C.
Purchasing power parity
- D.
Physical Quality of Life Index
- E.
Human Development Indes
- 14.In 2005, China, Japan, the United States, Russia, and South Korea were the five top producers of ________
- A.
Steel.
- B.
Coal.
- C.
Airplanes.
- D.
Titanium.
- 15.Alfred Weber identified three factors that determine the location of industries: transportation, labor costs and
- A.
Agglomeration
- B.
Site factors
- C.
Sustainable development
- D.
Space-time compression
- E.
Location of competitors
- 16.Economic development in some African states (e.g. Malawi and Zimbabwe) is hampered by _____________
- A.
Drought.
- B.
Drop in the price of oil.
- C.
Corrupt governments.
- D.
Religions intolerance.
- 17.Which of the following lists Rostowe's development in order?
- A.
Traditional society, preconditions for takeoff, drive to maturity, takeoff age of mass consumption
- B.
Traditional society, takeoff, preconditions for takeoff, age of mass consumption, drive to maturity
- C.
Traditional society, preconditions for takeoff, takeoff, drive to maturity, age of mass consumption
- D.
Preconditions for takeoff, takeoff, traditional society, drive to maturity, age of mass consumption
- E.
Drive to maturity, traditional society, takeoff, preconditions for takeoff, age of mass consumption
- 18.
- A.
Worker productivity
- B.
Literacy rates
- C.
Access to raw materials
- D.
Gross Domestic Product
- E.
Availability of consumer goods
- 19.The increase in time and cost with distance is referred to as _____________
- A.
Distribution costs.
- B.
Production costs.
- C.
Friction of distance.
- D.
Distance decay.
- 20.The principal structuralist alternative to Rostow's model of economic development is known as __________
- A.
Dependency theory.
- B.
The "takeoff" model.
- C.
The liberal model.
- D.
The modernization model.
- 21.Which organization is headed by a U.S. citizen, is headquartered in Washington, D.C. and is charged with combating poverty in peripheral countries?
- A.
Washington Federal Savings and Loan
- B.
United Nations
- C.
World Bank
- D.
IMF
- 22.The country with the largest oil reserves in the world is
- A.
China
- B.
Kuwait
- C.
Saudi Arabia
- D.
United States
- E.
Russia
- 23.Mexico has established export processing zones with special tax, trade and regulatory arrangements for foreign firms. This phenomena is referred to as _____________
- A.
Haciendas.
- B.
NAFTA zones.
- C.
Maquiladoras.
- D.
Border cities.
- 24.According to the Core-Periphery Model of economic development, all of the following are peripheral areas of Europe EXCEPT
- A.
Portugal
- B.
Southern Italy
- C.
Greece
- D.
Ukraine
- E.
Southeastern England
- 25.Industrialization occurred along an axis from Northern France through North-Central Germany to Czech Republic and South Poland. This axis correlates with ___________ as a locational factor.
- A.
Coalfields
- B.
Population
- C.
Major ports
- D.
The trend of the drainage system
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