Wealth - Unit Review

15 Questions | Total Attempts: 83

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Wealth - Unit Review

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Questions and Answers
  • 1. 
    Select all the "pros" of globalization
    • A. 

      Inequality between rich and poor

    • B. 

      Cultural blending

    • C. 

      Creating relationships between countries

    • D. 

      Creates jobs

    • E. 

      Increase in profits

  • 2. 
    Check all of the multinational Corporations
    • A. 

      McDonalds

    • B. 

      Calvin Klein

    • C. 

      Wal-Mart

    • D. 

      Ford

  • 3. 
    Check all that apply to socialism
    • A. 

      Free enterprise

    • B. 

      Classless society

    • C. 

      Individual needs

    • D. 

      Leads to a lack of motivation

    • E. 

      Companies are owned privately

  • 4. 
    Check all of the goals of fair trade discussed in class
    • A. 

      Recognize the true cost of labour and production

    • B. 

      Create quality products

    • C. 

      Create products at the lowest cost possible

    • D. 

      Promote social justice and protect children from exploitation

  • 5. 
    Check the indicators of a developing country
    • A. 

      Rapid industry growth

    • B. 

      Weak economy

    • C. 

      High % below poverty line

    • D. 

      Loose labour laws

    • E. 

      Modern Health care

    • F. 

      poor health care + education

    • G. 

      High GDP

    • H. 

      Corrupt government

    • I. 

      Cheap exports

    • J. 

      Quality education system

  • 6. 
    Check the indicators of an emerging country
    • A. 

      Rapid industry growth

    • B. 

      Weak economy

    • C. 

      High % below poverty line

    • D. 

      Loose labour laws

    • E. 

      Modern Health care

    • F. 

      poor health care + education

    • G. 

      High GDP

    • H. 

      Corrupt government

    • I. 

      Cheap exports

    • J. 

      Quality education system

  • 7. 
    Check the indicators of a developed country
    • A. 

      Rapid industry growth

    • B. 

      Weak economy

    • C. 

      High % below poverty line

    • D. 

      Loose labour laws

    • E. 

      Modern Health care

    • F. 

      poor health care + education

    • G. 

      High GDP

    • H. 

      Corrupt government

    • I. 

      Cheap exports

    • J. 

      Quality education system

  • 8. 
    HDI stands for
  • 9. 
    IMR stands for
  • 10. 
    Which best defines the Gini coefficient
    • A. 

      Measures the amount of wealth within a country

    • B. 

      Measures the degree of inequality in the distribution of wealth

    • C. 

      Measures the total amount of rich people within a country

  • 11. 
    The HDI considered which 3 components?
    • A. 

      Education, income and industry base development

    • B. 

      Healthcare, Income and Population

    • C. 

      Healthcare, Education and Income

    • D. 

      Technology, Healthcare and Income

  • 12. 
    The closer to 1 the Gini Coefficient is, the more equality there is with the distribution of wealth
    • A. 

      True

    • B. 

      False

  • 13. 
    The closer to 0 on the HDI, the more developed a country is
    • A. 

      True

    • B. 

      False

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