Economic Geography and Development Quiz

Developed countries typically have high life expectancy rates.

Economic geography focuses on analyzing economic activities in various geographical areas.

Economic development aims to enhance the quality of life for people.

Southeast Asia has a notable concentration of manufacturing activities.

A customs union is an agreement between countries to eliminate tariffs and trade barriers among themselves.

Marxist theory emphasizes the role of economic structures in wealth distribution.

The GINI coefficient is a measure of income distribution within a population.

Protectionism involves government regulations to shield domestic industries from foreign competition.

Gender ratio is not directly assessed in the Human Development Index.

Economic agglomeration refers to the clustering of related businesses and industries in a specific geographic area.

Remittances denote the financial transfers made by migrants to their home countries.

Industrialization involves the shift from agrarian-based economies to industrial economies.

Outsourcing involves the delegation of business processes to external providers, often in countries with lower labor costs.

The primary sector involves activities related to raw material extraction and production.

Comparative advantage theory advocates for countries to focus on producing goods and services they can produce most efficiently relative to other countries.