Question 1

Quarry workers,quarry owners,stone cutters,exporters,designers and architects,builders,tile and stone distributors,etc.represent an example of the links connecting producers and consumers in a world market. This is an example of __________
A) an export-import model.
B) a commodity chain.
C) globalization theory.
D) a core-periphery model.

Accepted Answer

The description given in the statement represents a commodity chain, which is a series of links connecting the production of a good or service with its eventual consumption. The various actors mentioned, from quarry workers to builders and distributors, are all part of this chain in the production and distribution of stone products. The other options do not fit the description given in the statement.

Question 2

Modern ideas of development are related to ____________
A) the Industrial Revolution.
B) the Agricultural Revolution.
C) gross domestic product.
D) religious views of equity.

Accepted Answer

Modern ideas of development are closely related to the Industrial Revolution, which marked the transition from an agrarian economy to an industrial one. This period of rapid industrialization gave rise to the modern concept of economic development, which focuses on increasing production and improving standards of living through technological progress and increased efficiency. The other options, such as the Agricultural Revolution, gross domestic product, or religious views, are not directly related to the concept of modern development.

Question 3

____________ is the only country in the western hemisphere with a dependency ration over 85.
A) Haiti
B) Brazil
C) Mexico
D) Guatemala

Accepted Answer

D

Question 4

High levels of development can be determined by measurement of access to railways,roads,airline connections,telephones,radio and television,etc. These are collectively referred to as ________________
A) infrastructure.
B) dependency measures.
C) formal economy.
D) commodity connections.

Accepted Answer

The items listed (railways, roads, airline connections, telephones, radio, and television) are all examples of infrastructure, which refers to the basic physical and organizational structures and facilities needed for the operation of a society or enterprise (in this case, a country's development). Therefore, option A is the best choice. Option B (dependency measures) refers to a different concept altogether, while options C and D are not relevant to the given question.

Question 5

Gross domestic product measures only _________________
A) home-based output.
B) the informal economy.
C) the productivity of individuals.
D) production only within a country.

Accepted Answer

GDP measures the production of goods and services within the borders of a country, regardless of whether the production is by domestic or foreign-owned firms. It does not include output from informal or underground economy, which is not reported to government authorities, nor does it measure the productivity of individuals.

Question 6

Which does not make up a portion of Colombia's GNP?
A) professional sports franchises
B) tourism
C) coffee production
D) drug trafficking

Accepted Answer

Drug trafficking is an illegal activity and is not included in the official calculation of a country's Gross National Product (GNP).

Question 7

The word "development" implies ___________
A) progress.
B) colonialism.
C) lowering of wages through mechanization.
D) technology.

Accepted Answer

The word "development" carries a positive connotation of progress and improvement, rather than implying negative concepts like colonialism or wage reductions through mechanization. While technology can be a component of development, it is not the only or defining characteristic.

Question 8

Even if the Gross National Product (GNP)index is used to measure the well-being of a country,it will fail to show ______________
A) growth in secondary industries (manufacturing).
B) the distribution of wealth.
C) growth within tertiary industries (services).
D) growth within primary industries (mining, forestry, agriculture, fishing).

Accepted Answer

GNP only measures the overall economic output of a country, without taking into account how wealth is distributed among the population. Therefore, it cannot show the level of inequality, poverty, or standard of living of the citizens.

Question 9

Theories which hold that economic disparities are built into the global economic system are referred to as ________________
A) structuralist theories.
B) modernization theories.
C) liberal theories.
D) neo-capitalist theories.

Accepted Answer

Structuralist theories argue that economic disparities are not just a result of individual actions, but are instead inherent in the structure of the global economy itself. They hold that certain countries and regions are disadvantaged by historical legacies of colonization, neocolonialism, and unequal trade relations, which prevent them from participating fully in the global economy and limit their potential for economic growth. These theories emphasize the need for structural reforms to address these underlying inequalities.

Question 10

Which Asian nation listed below has a per capita GNP above the world average?
A) Vietnam
B) China
C) South Korea
D) North Korea

Accepted Answer

South Korea has a per capita GNP above the world average, while Vietnam, China, and North Korea have per capita GNP below the world average.

Question 11

The principal structuralist alternative to Rostow's model of economic development is known as __________________
A) the "takeoff" model.
B) the liberal model.
C) the modernization model.
D) dependency theory.

Accepted Answer

The principal structuralist alternative to Rostow's model of economic development is known as dependency theory. The other options are either not alternatives to Rostow's model or are not associated with the structuralist perspective.

Question 12

Which of the following has the highest per capita GNP?
A) Japan
B) United States
C) European Union
D) Canada

Accepted Answer

Japan has the highest per capita GNP among the given options. As per recent data, Japan's per capita GNP is around $40,000, which is higher than the per capita GNP of United States, European Union, and Canada.

Question 13

The continuation of economic dependence even after political independence is referred to as ___________
A) precondition to take-off.
B) modernization model.
C) neocolonialism.
D) independence movement.

Accepted Answer

Neocolonialism refers to the continued economic dependence on former colonial powers even after gaining political independence. The other options do not accurately describe this phenomenon.

Question 14

Rostow's model,developed in the early 1960s,was based upon the experience of _____________
A) financial economists.
B) Latin American countries.
C) China.
D) Western modernization.

Accepted Answer

Rostow's model was based upon the experience of Western modernization, specifically the economic growth and development that occurred in countries like the United States and the United Kingdom during the Industrial Revolution. The model outlines five stages of economic growth that countries must pass through in order to achieve modernization and development.

Question 15

________________ processes in the commodity chain involve technology,education,research and development,and high wages.
A) Core
B) Value-added
C) Neo-colonial
D) Periphery

Accepted Answer

The answer of ________________ processes in the commodity chain involve...

Question 16

Which of the following is not associated with core production processes?
A) technology
B) low-wage labor
C) education
D) research and development

Accepted Answer

Low-wage labor is not inherently associated with core production processes, which typically focus on aspects like technology, education, and research and development to enhance efficiency, innovation, and product quality.

Question 17

Gross national product (GNP)measures the total value of goods and services produced by a country's corporations and individuals. It is standardized by _________________
A) being calculated in Euros.
B) measuring the informal as well as informal economy.
C) being calculated on a per capita basis.
D) adjusting for differences in attitude toward "progress."

Accepted Answer

GNP is usually calculated on a per capita basis, which means it takes into account the population size of the country. This allows for a more accurate representation of a country's economic output, as it measures the total value of goods and services produced per person. A country's GNP can also be adjusted for differences in exchange rates, which would allow for comparisons between countries using different currencies. However, GNP does not measure the informal economy (e.g. bartering, unreported income, etc.) and does not account for differences in attitudes towards progress, so options B and D are not correct. Option A is also not entirely accurate, as GNP can be calculated using any currency, not just Euros.

Question 18

Which is not among the five stages of Rostow's development model?
A) traditional
B) take-off
C) high-mass consumption
D) collapse-decline

Accepted Answer

Rostow's development model consists of five stages: traditional, preconditions for take-off, take-off, drive to maturity, and high-mass consumption. Collapse-decline is not among the stages.

Question 19

A large component of survival in countries with low per capita GNP is _______________
A) foreign aid.
B) the sale of resources.
C) the informal economy.
D) tourism.

Accepted Answer

The informal economy, which includes unregulated and unregistered economic activity such as street vending and small-scale farming, is a significant component of survival in countries with low per capita GNP. Many individuals in these countries rely on this type of work to make ends meet and provide for their families. While foreign aid, the sale of resources, and tourism may also contribute to economic growth, they are not as pervasive as the informal economy in low-income countries.

Question 20

Dependency ratio measures: _____________
A) family size
B) percent of the population dependent on welfare
C) the number of young plus the number of elderly per 100 workers
D) average number of hours of work to feed a family of four

Accepted Answer

The dependency ratio measures the number of young and elderly people who are dependent on the working-age population to support them, which is calculated by dividing the number of young and old people (typically defined as under 15 and over 65) by the number of working-age people (typically defined as 15-64) and multiplying by 100. It is used to examine the economic burden placed on the working-age population to support non-working dependents. Choices A, B, and D are unrelated to the concept of dependency ratio.

Quiz 10: Development

Quarry workers,quarry owners,stone cutters,exporters,designers and architects,builders,tile and stone distributors,etc.represent an example of the links connecting producers and consumers in a world market. This is an example of __________

Modern ideas of development are related to ____________

____________ is the only country in the western hemisphere with a dependency ration over 85.

High levels of development can be determined by measurement of access to railways,roads,airline connections,telephones,radio and television,etc. These are collectively referred to as ________________

Gross domestic product measures only _________________

Which does not make up a portion of Colombia's GNP?

The word "development" implies ___________

Even if the Gross National Product (GNP) index is used to measure the well-being of a country,it will fail to show ______________

Theories which hold that economic disparities are built into the global economic system are referred to as ________________

Which Asian nation listed below has a per capita GNP above the world average?

The principal structuralist alternative to Rostow's model of economic development is known as __________________

Which of the following has the highest per capita GNP?

The continuation of economic dependence even after political independence is referred to as ___________

Rostow's model,developed in the early 1960s,was based upon the experience of _____________

________________ processes in the commodity chain involve technology,education,research and development,and high wages.

Which of the following is not associated with core production processes?

Gross national product (GNP) measures the total value of goods and services produced by a country's corporations and individuals. It is standardized by _________________

Which is not among the five stages of Rostow's development model?

A large component of survival in countries with low per capita GNP is _______________

Dependency ratio measures: _____________