#1
Which of the following is a characteristic of a developed economy?
High levels of poverty
Low levels of human capital
High per capita income
Limited access to healthcare
#2
What is the primary goal of economic development?
Increasing income inequality
Maximizing government control
Improving living standards
Promoting currency devaluation
#3
Which of the following is a characteristic of a less developed economy?
High levels of infrastructure
Low levels of industrialization
Advanced technology adoption
High per capita income
#4
Which organization is responsible for publishing the Human Development Index (HDI)?
World Bank
International Monetary Fund (IMF)
United Nations Development Programme (UNDP)
World Trade Organization (WTO)
#5
Which of the following is an example of a developing country?
United States
Japan
China
Germany
#6
Which of the following is NOT a factor contributing to global disparities?
Geography
Education levels
Cultural diversity
Access to technology
#7
Which economic theory focuses on the importance of international trade in economic development?
Classical economics
Mercantilism
Dependency theory
Comparative advantage theory
#8
What is the main factor driving economic globalization?
Decrease in international trade
Limited cross-border investments
Advancements in communication and technology
Rise of protectionist policies
#9
Which of the following is NOT a measure of economic development?
Gross Domestic Product (GDP) per capita
Human Development Index (HDI)
Gini coefficient
Consumer Price Index (CPI)
#10
Which region has the highest concentration of Least Developed Countries (LDCs)?
Europe
Asia
Africa
North America
#11
What is the Gini coefficient used to measure in the context of economic development?
Income inequality
GDP growth rate
Unemployment rate
Inflation rate
#12
What is the 'poverty trap' in the context of economic development?
A situation where poverty is inevitable due to lack of resources
A cycle of poverty where individuals cannot escape due to various factors
A policy aimed at reducing poverty
A measure of extreme poverty
#13
What is the role of microfinance in economic development?
To encourage large-scale industrial investments
To provide small loans and financial services to low-income individuals
To regulate international trade agreements
To promote government control over financial institutions
#14
Which of the following organizations is NOT part of the Bretton Woods system?
International Monetary Fund (IMF)
World Bank
World Trade Organization (WTO)
General Agreement on Tariffs and Trade (GATT)
#15
Which of the following is NOT a potential consequence of economic globalization?
Increased competition
Rise in income inequality
Cultural homogenization
Decrease in international trade