Economic Geography and Globalization Quiz

Test your knowledge on primary economic activities, GDP, trade theories, and more. Explore economic geography and globalization in this quiz.

#1

Which of the following is an example of a primary economic activity?

Manufacturing automobiles
Retail sales
Farming
Software development
#2

Which term refers to the transfer of manufacturing or other activities from developed to less developed countries?

Deindustrialization
Outsourcing
Privatization
Localization
#3

Which of the following is NOT a characteristic of globalization?

Increased interconnectedness
Decreased cultural diffusion
Rise in international trade
Global flow of information
#4

Which economic indicator measures the average prices of a basket of goods and services?

GDP per capita
Unemployment rate
Inflation rate
Exchange rate
#5

Which of the following factors is NOT considered a determinant of economic development?

Human capital
Climate
Political stability
Population density
#6

What is the term for a situation where a country imports more goods and services than it exports?

Trade deficit
Trade surplus
Balance of payments
Current account deficit
#7

What does GDP stand for?

Gross Domestic Product
Global Development Process
Growth and Development Protocol
Government Department of Production
#8

Which economic theory advocates for minimal government intervention in the economy?

Keynesian economics
Mercantilism
Neoliberalism
Socialism
#9

What is the term for the movement of people from rural areas to cities?

Migration
Urbanization
Industrialization
Suburbanization
#10

Which trade theory suggests that countries should specialize in producing goods where they have a comparative advantage?

Heckscher-Ohlin theory
Absolute advantage theory
Ricardian model
Comparative advantage theory
#11

Which organization facilitates international monetary cooperation and provides financial stability?

World Bank
International Monetary Fund
World Trade Organization
United Nations
#12

What is the term for a tax imposed on imported goods?

Excise tax
Income tax
Value-added tax
Tariff
#13

What is the term for the process by which a country's economy becomes more integrated with the global economy?

Economic nationalism
Trade embargo
Globalization
Economic diversification
#14

What is the term for the practice of selling goods in a foreign market at a price below their production cost?

Dumping
Subsidization
Monopolization
Price gouging
#15

Which of the following is NOT a characteristic of a developed country?

High GDP per capita
Low literacy rate
Advanced infrastructure
Stable political system
#16

Which economic theory emphasizes the role of government spending and taxation in influencing aggregate demand?

Monetarism
Supply-side economics
Fiscal policy
Monetary policy
#17

Which economic theory emphasizes the importance of aggregate supply in influencing economic growth?

Keynesian economics
Monetarism
Supply-side economics
Fiscal policy

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