#1
Which of the following is a primary factor affecting industrial development?
Technological advancements
ExplanationKey driver for innovation and efficiency in production.
#2
What is a characteristic of an industrialized economy?
High level of manufacturing activity
ExplanationReflects the advanced stage of industrial production within the economy.
#3
Which socio-economic factor is most likely to promote industrialization?
Access to capital and credit facilities
ExplanationEssential for investment in infrastructure and technology.
#4
What role does foreign direct investment (FDI) play in industrial development?
It can bring in capital, technology, and expertise
ExplanationInjects resources and knowledge from external sources into domestic industries.
#5
What is the significance of human capital in industrial development?
It enhances the skills and knowledge of the workforce
ExplanationCritical for innovation, productivity, and adaptability in industries.
#6
Which of the following is NOT a characteristic of deindustrialization?
Expansion of industrial parks
ExplanationContrary to the trend of shrinking industrial activities and facilities.
#7
How does infrastructure development contribute to industrial growth?
By improving transportation and communication networks
ExplanationFacilitates movement of goods and information, reducing costs and improving efficiency.
#8
Which theory suggests that industrial development in certain regions is inevitable due to historical circumstances?
World-Systems Theory
ExplanationPosits that global economic structures determine industrial growth.
#9
What is a typical feature of import substitution industrialization (ISI) strategies?
Government protection of domestic industries
ExplanationAims to reduce reliance on imports by shielding domestic industries from foreign competition.
#10
Which industrial policy approach emphasizes government intervention to correct market failures?
Developmental state
ExplanationCentralized planning and intervention to drive industrialization.
#11
What is a key challenge associated with sustainable industrial development?
Overconsumption of natural resources
ExplanationThreatens ecological balance and long-term viability of industries.
#12
In the context of industrial development, what does the term 'cluster' refer to?
A concentration of related industries and supporting firms
ExplanationPromotes synergies, knowledge sharing, and specialization within a geographic area.