Do You Know All This About Economy And Geography?

51 Questions | By Jchau100 | Updated: Mar 22, 2022 | Attempts: 844

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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.

Questions and Answers

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.

Which of the following is a measure of social, rather than economic development of a country?
- 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