#1
Which of the following is NOT a commonly used economic development strategy?
Export promotion
Import substitution
Privatization
Economic isolationism
#2
What is the main objective of establishing industrial zones?
To increase environmental pollution
To centralize economic activities in a specific area
To promote sustainable development
To reduce employment opportunities
#3
Which of the following is NOT a typical goal of industrial policy?
Promoting economic growth
Ensuring environmental sustainability
Creating employment opportunities
Reducing income inequality
#4
What is the primary purpose of a special economic zone (SEZ)?
To impose high tariffs on imported goods
To provide tax incentives and facilitate trade
To restrict foreign investment
To increase bureaucratic procedures
#5
Which of the following is a potential disadvantage of establishing industrial zones?
Increased job opportunities
Environmental degradation
Diversification of the economy
Enhanced social cohesion
#6
Which of the following is NOT a characteristic of an export processing zone (EPZ)?
Import duties are usually waived
Strict labor regulations
Infrastructure facilities are provided
Designed to attract foreign investment
#7
Which economic development strategy focuses on developing domestic industries to produce goods previously imported?
Export promotion
Import substitution
Privatization
Globalization
#8
Which of the following is NOT a factor influencing the success of industrial zones?
Government policies and regulations
Access to skilled labor
Location and infrastructure
High import tariffs
#9
What is the term used to describe a strategy where a country focuses on a narrow range of industries or sectors to develop competitive advantage?
Diversification
Specialization
Economic liberalization
Privatization
#10
Which of the following is NOT a common type of industrial zone?
Export processing zone
Economic corridor
Science and technology park
Free trade zone
#11
In the context of economic development, what does FDI stand for?
Free Domestic Investment
Foreign Direct Investment
Federal Development Initiative
Fiscal Development Incentive
#12
Which organization is responsible for establishing and managing most free trade zones (FTZs) worldwide?
World Trade Organization (WTO)
United Nations (UN)
International Monetary Fund (IMF)
World Bank
#13
What is the primary purpose of an economic development zone (EDZ)?
To discourage foreign investment
To increase bureaucratic hurdles
To promote economic growth and attract investment
To limit infrastructure development
#14
What is the primary purpose of a free trade zone?
To impose strict tariffs on imported goods
To facilitate international trade by reducing barriers
To restrict foreign investment
To promote protectionism
#15
Which term refers to a designated area within a country where businesses enjoy certain tax benefits and incentives?
Export processing zone
Free trade area
Economic corridor
Tax haven