General Questions Quiz On Economics! Trivia
.
- 1.
Which is the least developed region among the following?
- A.
North America
- B.
Eastern Europe
- C.
Southwest Asia
- D.
Western and Central Europe
- E.
East Asia
Correct Answer
C. Southwest Asia -
- 2.
The total value of the output of goods and services in a year in a country is its
- A.
Gross national income.
- B.
Primary economic sector.
- C.
Productivity index.
- D.
Value added.
- E.
Gross domestic product.
Correct Answer
E. Gross domestic product. -
- 3.
Gross domestic product (GDP) is the
- A.
Total value of the outputs minus inputs of goods and services produced in a country during a year.
- B.
Total value of exports of goods and services produced in a country during a year.
- C.
Total value of outputs of goods and services produced in a country during a year.
- D.
Total value of human capital development in a country during a year.
- E.
Total value of investments made in domestic and foreign sources of revenue during a year.
Correct Answer
C. Total value of outputs of goods and services produced in a country during a year. -
- 4.
An example of a primary sector activity is
- A.
Education.
- B.
Manufacturing.
- C.
Banking.
- D.
Retailing.
- E.
Mining.
Correct Answer
E. Mining. -
- 5.
Processing of computer information is an example of which sector of the economy?
- A.
Sixth percentile
- B.
Primary and secondary
- C.
Primary
- D.
Tertiary
- E.
The data sector
Correct Answer
D. Tertiary -
- 6.
The secondary sector of the economy includes which of the following?
- A.
Data processing
- B.
Mining
- C.
Government
- D.
Construction
- E.
Banking
Correct Answer
D. Construction -
- 7.
In MDCs, employment is increasing more rapidly in which of the following sectors?
- A.
Farming
- B.
Primary
- C.
Secondary
- D.
Tertiary
- E.
Fishing
Correct Answer
D. Tertiary -
- 8.
The primary sector of the economy includes which of the following?
- A.
Data processing
- B.
Beverage bottling
- C.
Government
- D.
Sheep herding
- E.
Banking
Correct Answer
D. Sheep herding -
- 9.
The value of a product minus the costs of raw materials and energy is
- A.
Gross domestic product.
- B.
Productivity.
- C.
Tertiary sector analysis.
- D.
Market value.
- E.
Value added.
Correct Answer
E. Value added. -
- 10.
________ is an example of a secondary sector activity.
- A.
Banking
- B.
Farming
- C.
Manufacturing
- D.
Secondary education
- E.
Professional football
Correct Answer
C. Manufacturing -
- 11.
In less developed countries, consumer goods such as telephones, televisions, and motor vehicles are
- A.
Available for sharing by a large number of people.
- B.
Unknown and unfamiliar to most people.
- C.
Essential to rural life.
- D.
Familiar to many but owned by relatively few.
- E.
Available only through local manufacture.
Correct Answer
D. Familiar to many but owned by relatively few. -
- 12.
Examples of material conditions include
- A.
Drinking water and sewage systems.
- B.
Systems of thought.
- C.
Religious institutions.
- D.
Division of jobs into different sectors.
- E.
Political institutions.
Correct Answer
A. Drinking water and sewage systems. -
- 13.
A country that has a higher level of development exhibits a(n)
- A.
Improvement in material conditions.
- B.
Growth of the output of goods and services.
- C.
Improvement of a product compared to the needed labor.
- D.
Division of jobs into different sectors.
- E.
Growth of political institutions.
Correct Answer
A. Improvement in material conditions. -
- 14.
Per capita GDP is a poor indicator of which of the following?
- A.
The approximate level of material well being in a country
- B.
The number of countries below the poverty level
- C.
The distribution of wealth within a country
- D.
The spatial distribution of global wealth
- E.
Potential for providing all citizens with a comfortable life
Correct Answer
C. The distribution of wealth within a country -
- 15.
Per capita GDP is a good indicator of which of the following?
- A.
The approximate level of spiritual well being in a country
- B.
The number of countries below sea level
- C.
The distribution of wealth within a country
- D.
The political dimensions of a population
- E.
Potential for providing all citizens with a comfortable life
Correct Answer
E. Potential for providing all citizens with a comfortable life -
- 16.
Which of the following is an indicator of a country's level of development?
- A.
The number of millionaires
- B.
The number of newspapers
- C.
Crude death rate
- D.
Natural death rate
- E.
Natural increase rate
Correct Answer
E. Natural increase rate -
- 17.
The inequality-adjusted human development index of the United States is
- A.
Inferior to that of Canada and most Western European countries.
- B.
Greater than any other country in the world.
- C.
Inferior to that of Canada but superior to most Western European countries.
- D.
Greater than Canada because a higher percentage of people in the United States have quality health care.
- E.
Inferior to Western European countries but far superior to Canada.
Correct Answer
A. Inferior to that of Canada and most Western European countries. -
- 18.
The IHDI of Latin American countries is
- A.
Inferior to that of Canada and most Western European countries.
- B.
Greater than the United States but less than Canada.
- C.
Inferior to that of Canada but superior to most Western European countries.
- D.
Greater than that of Canada and twice as great as that of the United States.
- E.
Inferior to Western European countries and far superior to Canada.
Correct Answer
A. Inferior to that of Canada and most Western European countries. -
- 19.
Compared to less developed countries, more developed countries have higher rates of
- A.
Literacy.
- B.
Childhood mortality.
- C.
Infectious disease.
- D.
Illiteracy.
- E.
Environmental pollution.
Correct Answer
A. Literacy. -
- 20.
People are more productive in more developed countries because they
- A.
Work harder.
- B.
Have access to more technology.
- C.
Have a low amount of value added per person.
- D.
Are consistently better educated.
- E.
Understand their jobs better than workers in less developed countries.
Correct Answer
B. Have access to more technology. -
- 21.
Even though a higher percentage of GDP is spent on education in less developed countries,
- A.
More women than men have access to education in LDCs.
- B.
LDCs spend less per pupil than MDCs.
- C.
LDCs have smaller average class sizes than MDCs.
- D.
Literacy rates are higher in urban areas of LDCs than in many MDCs.
- E.
Levels of educational attainment are higher in LDCs.
Correct Answer
B. LDCs spend less per pupil than MDCs. -
- 22.
If a country has a large number of publishers and globally esteemed universities, you might surmise that the country is most likely
- A.
Neither an LDC nor an MDC.
- B.
An MDC.
- C.
An LDC.
- D.
An LDC that has some of the world's top universities.
- E.
An MDC that has some of the world's lowest literacy rates.
Correct Answer
B. An MDC. -
- 23.
Compared to less developed countries, more developed countries have lower
- A.
Percentages of GDP spent on education.
- B.
Literacy rates.
- C.
Numbers of teachers available per pupil.
- D.
Numbers of years attending school.
- E.
Amounts of spending per student.
Correct Answer
A. Percentages of GDP spent on education. -
- 24.
The difference in per capita GDP between the more developed and less developed regions is
- A.
Widening.
- B.
Remaining constant.
- C.
Decreasing.
- D.
Zero.
- E.
Cycling up and down.
Correct Answer
A. Widening. -
- 25.
The North American region has high rates of material development but troubling levels of
- A.
Wealth.
- B.
Inequality.
- C.
Financial and management services.
- D.
Spiritual development.
- E.
Educational attainment.
Correct Answer
B. Inequality. -
- 26.
The Gender Inequality Index (GII)
- A.
Compares the level of development of women in a country to the average development level of women in the world.
- B.
Compares the levels of indicators for females to those of males within a country.
- C.
Is composed of the same measures as the HDI but is applied only to women instead of the entire population.
- D.
Combines economic and political indicators of empowerment.
- E.
Cannot be used as an indicator of development in the United States.
Correct Answer
B. Compares the levels of indicators for females to those of males within a country. -
- 27.
Severe gender inequality is a challenge to development because
- A.
It leads to smaller family sizes, and families with fewer child laborers cannot earn enough money to pay for their rent and utilities.
- B.
It is associated with higher literacy rates, higher economic vitality, and lower infant mortality rates.
- C.
It excludes men from the informal economy, wasting a major economic asset.
- D.
It severely limits the economic and social mobility of women, as well as families that are headed by women.
- E.
It does not allow men and boys the freedom to attend the schools and seek the jobs that are best suited to them.
Correct Answer
D. It severely limits the economic and social mobility of women, as well as families that are headed by women. -
- 28.
In terms of the GII, most African countries have
- A.
Rates far below the United States and Western Europe.
- B.
Rates that exceed the United States and Western Europe owing to African investment in centers of higher learning.
- C.
Rates that are greater than the United States but less than Europe.
- D.
Core-periphery models.
- E.
Weak national economies.
Correct Answer
A. Rates far below the United States and Western Europe. -
- 29.
Since 1990, most countries have seen a decline in previous patterns of
- A.
Gender inequality
- B.
Gender equality.
- C.
Economic inequality.
- D.
Gender dynamics.
- E.
Innovative agricultural methods.
Correct Answer
A. Gender inequality -
- 30.
Since 1990, most countries have seen an increase in
- A.
Gender equality.
- B.
Gender inequality.
- C.
Gender indices.
- D.
Economic indices.
- E.
Market forces.
Correct Answer
A. Gender equality. -
- 31.
Which of the following is not an indicator of global gender inequality?
- A.
Women on average have only two-thirds of the income of men in MDCs.
- B.
Women have much lower incomes than men in LDCs.
- C.
Female life expectancy is less than males in every country of the world.
- D.
Female literacy is much lower than males in Sub-Saharan Africa.
- E.
Women hold less than one-fourth of managerial jobs in LDCs where data are available.
Correct Answer
C. Female life expectancy is less than males in every country of the world. -
- 32.
Gender inequality is a challenge to development because
- A.
It leads to larger family sizes.
- B.
It is associated with higher literacy rates and lower infant mortality rates.
- C.
It excludes all women from both the formal and informal economy.
- D.
It greatly enhances the economic and social mobility of women.
- E.
Men are responsible for all economic development in impoverished areas.
Correct Answer
A. It leads to larger family sizes. -
- 33.
Although there are fewer developed countries in the world, altogether they consume about ________ energy as LDCs.
- A.
Twice as much total
- B.
The same amount of total
- C.
Five times as much total
- D.
Half as much nonrenewable energy but five times as much renewable
- E.
One-tenth as much
Correct Answer
B. The same amount of total -
- 34.
Petroleum reserves in Southwest Asia and North Africa are
- A.
Clustered primarily in the Persian (Arabian) Gulf states.
- B.
Dispersed throughout the region.
- C.
Concentrated primarily along the Mediterranean Sea.
- D.
Primarily in Syria and Iraq.
- E.
Clustered in fields along the western shore of the Red Sea.
Correct Answer
A. Clustered primarily in the Persian (Arabian) Gulf states. -
- 35.
Saudi Arabia has successfully employed the international trade alternative primarily because of
- A.
Consumer spending.
- B.
Petroleum reserves.
- C.
Regional cooperation.
- D.
Traditional social customs.
- E.
Its strategic distribution location.
Correct Answer
B. Petroleum reserves. -
- 36.
The United States has
- A.
Lesser coal and natural gas reserves than China.
- B.
Greater natural gas reserves than Russian and lesser coal reserves than China.
- C.
A greater concentration of coal reserves in the Gulf of Mexico.
- D.
More coal reserves than China or Russia.
- E.
Less coal than any other large country.
Correct Answer
D. More coal reserves than China or Russia. -
- 37.
The Chernobyl incident in 1986 involved
- A.
A nuclear explosion high in the atmosphere.
- B.
A nuclear missile that misfired and exploded.
- C.
A nuclear power accident.
- D.
A massive leak and fire at an oil exploration platform.
- E.
An explosion and fire at a natural gas field.
Correct Answer
C. A nuclear power accident. -
- 38.
The Chernobyl incident occurred
- A.
In the United States.
- B.
In Cuba.
- C.
In the Soviet Union.
- D.
In India.
- E.
In China.
Correct Answer
C. In the Soviet Union. -
- 39.
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 limit -
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Current Version
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Mar 20, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 21, 2016Quiz Created by
Omgitsjoelski
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