Geography: Development Practice Test Questions! Quiz

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  • 1/6 Questions

    The principal benefit of the self-sufficiency approach is to promote

    • Balanced growth of all economic sectors.
    • Global competitiveness for local industries.
    • The maintenance of a large bureaucracy.
    • Unequal distribution of resources.
    • International trade.
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About This Quiz

Explore key concepts of economic development with this Geography quiz. Questions delve into international trade, self-sufficiency approaches, and challenges in development financing, enhancing understanding of global economic structures.

Geography: Development Practice Test Questions! Quiz - Quiz

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  • 2. 

    In contrast to the international trade approach, the self-sufficiency approach to development

    • Begins when an elite group initiates innovative activities.

    • Attempts to result in uneven resource development. and market correction indices.

    • Suffers from market stagnation.

    • Attempts to spread investment through all sectors of the economy.

    • Attempts to identify appropriate developmental stages.

    Correct Answer
    A. Attempts to spread investment through all sectors of the economy.
    Explanation
    The correct answer is "attempts to spread investment through all sectors of the economy." The self-sufficiency approach to development focuses on reducing dependence on foreign trade by promoting investment in all sectors of the economy. This approach aims to develop a balanced and diversified economy, where all sectors contribute to growth and development. By spreading investment across various sectors, the self-sufficiency approach aims to create a strong and resilient economy that can support sustainable development.

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  • 3. 

    The biggest problem faced by less developed countries in financing development is

    • Trade negotiations with more developed countries.

    • Identifying unique economic assets.

    • Inability to repay loans.

    • Promoting dependency.

    • Currency inflation.

    Correct Answer
    A. Inability to repay loans.
    Explanation
    Less developed countries often face challenges in financing their development due to their inability to repay loans. These countries may borrow money from international financial institutions or more developed countries to fund their development projects. However, factors such as economic instability, low productivity, and high levels of debt make it difficult for these countries to generate enough revenue to repay their loans. This inability to repay loans can lead to a cycle of debt and hinder the economic progress of these countries.

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  • 4. 

    The biggest problem in promoting development through the international trade alternative is

    • Increased demand for many goods.

    • Increased price of petroleum.

    • Regional cooperation.

    • Unequal distribution of resources.

    • Consumer demand expanding faster than manufacturing can increase.

    Correct Answer
    A. Unequal distribution of resources.
    Explanation
    The biggest problem in promoting development through international trade is the unequal distribution of resources. This means that certain countries or regions have an abundance of resources while others lack them. This imbalance creates an unfair advantage for some countries, leading to unequal trade relationships and hindering the development of less resource-rich nations. This can result in economic disparities and hinder overall global development.

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  • 5. 

    According to the international trade approach to development, a country should identify all but which of its following assets?

    • Abundant agricultural products

    • High quality manufactured goods

    • Imports that it should limit

    • International consumer preferences

    • Abundant mineral resources

    Correct Answer
    A. Imports that it should limit
    Explanation
    According to the international trade approach to development, a country should identify its abundant agricultural products, high quality manufactured goods, international consumer preferences, and abundant mineral resources as its assets. However, it should not identify imports that it should limit as an asset.

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  • 6. 

    Traditional barriers to international trade have included

    • Low taxes on imports.

    • Making domestic goods more expensive.

    • Eliminating quotas on imports.

    • Requiring licenses for importers.

    • Strong domestic and international demand.

    Correct Answer
    A. Requiring licenses for importers.
    Explanation
    Requiring licenses for importers is a traditional barrier to international trade. This means that importers need to obtain a license from the government in order to bring goods into the country. This barrier can limit the number of imports and protect domestic industries by making it more difficult for foreign goods to enter the market. The other options listed, such as low taxes on imports, eliminating quotas, and strong demand, actually promote international trade rather than acting as barriers.

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  • Mar 20, 2025
    Quiz Edited by
    ProProfs Editorial Team
  • Dec 03, 2013
    Quiz Created by
    Sgross753
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