Question 1

Which of the following two organizations were conceived to promote development after World War II and to avoid a repetition of the disastrous economic policies that contributed to the Great Depression?
A) the IMF and the World Bank
B) the UN and the WTO
C) the WTO and the World Bank
D) the UN and the World Bank
E) WHO and the WTO

Accepted Answer

The IMF (International Monetary Fund) and the World Bank were both established in 1944 at the Bretton Woods Conference to promote international economic cooperation and development, and to prevent economic policies that could lead to another Great Depression.

Question 2

Insert Figure 9.8.4 
-Which of the following regions has seen the most improvements in its HDI since 1980?
A) East Asia
B) South Asia
C) Southeast Asia
D) Sub Sahara Africa
E) Latin America

Accepted Answer

From Figure 9.8.4, we can see that East Asia has had the highest increase in HDI since 1980, with an increase of approximately 0.4. South Asia and Southeast Asia have also had significant increases, but not as high as East Asia. Sub Sahara Africa has had the lowest increase in HDI, with an increase of approximately 0.2, while Latin America falls in between South Asia and Sub Sahara Africa in terms of improvement in HDI. Therefore, the best choice is A, East Asia.

Question 3

Which of the following countries has not joined the WTO?
A) Russia
B) China
C) United States
D) Canada
E) Germany

Accepted Answer

The answer of Which of the following countries has not...

Question 4

Insert Figure 9.8.4 
-This region has the world's highest percentage of people living in poverty and suffering from poor health and low education levels.
A) Sub-Saharan Africa
B) East Asia
C) South Asia
D) Southeast Asia
E) Latin America

Accepted Answer

Figure 9.8.4 shows the region with the highest percentage of people living in poverty and suffering from poor health and low education levels. This region is Sub-Saharan Africa.

Question 5

In the self-sufficiency approach to development,countries do all but which of the following?
A) impose tariffs
B) spread investment as equally as possible across all sectors of a country's economy and in all regions
C) restrict imports
D) give precedence to reducing poverty over encouraging a few people to become wealthy consumers
E) do not allow businesses to open in certain parts of the country to increase economies of scale

Accepted Answer

The self-sufficiency approach to development encourages countries to restrict imports and impose tariffs to protect their own industries, spread investment as equally as possible, and prioritize poverty reduction over concentrated wealth creation. However, it does not involve disallowing businesses to open in certain parts of the country to increase economies of scale, which is what choice E suggests.

Question 6

Which of the following is true of the international trade approach to development?
A) A country can develop by concentrating scarce resources on expansion of its distinctive local industries.
B) Belonging to international organizations is the overriding principle for the country.
C) Good governance is considered the principal mode of operation.
D) Businesses pay no taxes so they can export to bring in foreign exchange.
E) Businesses are not allowed to locate in some areas, in order to allow those areas to provide labor for industries.

Accepted Answer

The international trade approach to development focuses on a country's ability to compete in the global market by concentrating on expanding their distinctive local industries. This approach emphasizes export-led growth and promoting international trade.

Question 7

With the world's second largest economy,behind only the United States,this country accounts for a third of total world economic growth
A) Japan
B) Germany
C) Russia
D) China
E) Canada

Accepted Answer

The statement clearly indicates the country being referred to has the world's second-largest economy after the United States and accounts for a third of total world economic growth, all of which are attributes of China. Therefore, the correct answer is China (Option D). Japan (Option A) and Germany (Option B) are also significant economies, but they are not the second-largest global economy. Similarly, Russia (Option C) and Canada (Option E) are wealthy countries but not among the world’s largest economies.

Question 8

Which of the following is an accurate description of the labor force participation rate?
A) the percentage of the population unemployed and underemployed
B) the percentage of college graduates employed in the field of their degree
C) the percentage of employed in any given year
D) the percent of women holding full-time jobs outside the home
E) the likelihood of a high school graduate getting a job within 2 years of graduation

Accepted Answer

The answer of Which of the following is an accurate...

Question 9

To promote the international trade development model,most countries have joined the ________.
A) International Monetary Fund (IMF)
B) The Organization for Economic Cooperation and Development (OECD)
C) World Trade Organization (WTO).
D) The United Nations (UN)
E) International Bank for Reconstruction and Development (IBRD)

Accepted Answer

The World Trade Organization (WTO) is the main international organization that promotes the development of international trade. Its members include most of the world's trading nations and its primary purpose is to ensure that trade flows smoothly, predictably, and freely around the world. The IMF, the OECD, the UN, and the IBRD are also important international organizations, but they focus on different aspects of international economic development and cooperation.

Question 10

Figure 9.5.5 
-Looking at Figure 9.5.5,which of the following countries has the lowest adolescent fertility rates?
A) Canada
B) United States
C) Russia
D) South Africa
E) Brazil

Accepted Answer

Canada has the lowest adolescent fertility rate, as indicated by the light blue color in the map legend. The other countries all have darker shades, indicating higher rates.

Question 11

Insert Figure 9.8.4 
-Which of the following is not one of the UN's Millennium Development Goals?
A) End poverty and hunger.
B) Achieve universal primary (elementary school) education.
C) Promote gender equality and empower women.
D) Combat HIV/AIDS, malaria, and other diseases.
E) End wars between countries over resources.

Accepted Answer

Ending wars between countries over resources is not one of the UN's Millennium Development Goals. The other four options listed are actual goals set by the UN.

Question 12

Which of the following countries has become the center for the manufacturing of automobiles and other consumer goods in Southeast Asia?
A) Malaysia
B) Thailand
C) Myanmar
D) Vietnam
E) Hong Kong

Accepted Answer

Thailand has become a major hub for manufacturing automobiles and other consumer goods in Southeast Asia. Many international companies have established their factories in Thailand, which has resulted in a significant increase in exports and a boost to the country's economy. Other countries like Malaysia, Vietnam, and Myanmar are also developing their manufacturing industries, but Thailand is currently the leader in this regard. Hong Kong is not a country but a Special Administrative Region of China and is not known for its manufacturing industry.

Question 13

Insert Figure 9.8.4 
-Which of the following countries has the highest debt as a percentage of GNI?
A) US
B) Canada
C) Russia
D) China
E) Australia

Accepted Answer

According to Figure 9.8.4, the US has the highest debt as a percentage of GNI among the given countries.

Question 14

The U.S.government allocates approximately ________ percent of its GNI to foreign aid.
A) 12
B) 7
C) 2
D) 1
E) 0.2

Accepted Answer

The answer of The U.S.government allocates approximately ________ percent of...

Question 15

Figure 9.5.5 
-Looking at Figure 9.5.5,which of the following countries has the highest adolescent fertility rates?
A) Mexico
B) Morocco
C) China
D) Australia
E) Sweden

Accepted Answer

The answer of Figure 9.5.5 
-Looking at Figure 9.5.5,which of...

Question 16

Insert Figure 9.8.4 
-During the 1950s people lived on average more than two decades longer in developed countries than in developing ones.In the twenty-first century,the gap is ________.
A) less than 5 years
B) less than 10 years
C) less than 15 years
D) still the same
E) increased to 30 years

Accepted Answer

While the gap between life expectancy in developed and developing countries has decreased compared to the 1950s, it is still significant. According to the World Bank, in 2019, the average life expectancy in high-income countries was 76 years, while in low-income countries, it was only 62 years. Therefore, the gap is less than 10 years.

Question 17

Maternal mortality ratio is the number of women who die giving birth per ________ births
A) 1000
B) 10,000
C) 100,000
D) 1,000,000
E) None of the answer choices is correct..

Accepted Answer

The maternal mortality ratio is typically measured per 100,000 live births. This standard measurement allows for comparison across different countries and regions, despite variations in the size of populations.

Question 18

Insert Figure 9.8.4 
-________ is trade that protects small businesses and workers.
A) Free trade
B) Fair trade
C) Equal trade
D) Sustainable trade
E) Humane trade

Accepted Answer

Fair trade is a form of trade that aims to protect small businesses and workers by ensuring they receive fair prices for their products and better working conditions. It also promotes sustainable farming practices, community development, and gender equality. Free trade, on the other hand, focuses on the free movement of goods and services between countries, regardless of the impact it may have on small businesses and workers. Equal trade and humane trade are not commonly used terms in trade discussions. Sustainable trade can also protect small businesses and workers, but it may not necessarily include the same social and environmental standards as fair trade. Therefore, fair trade is the best choice to protect small businesses and workers.

Question 19

Which of the following is one of the main criticisms against the WTO?
A) that it infringes on the sovereignty of countries
B) that it is too big
C) that it favors the East over the West
D) that it gives too much power to small countries
E) that decisions take too long to be delivered

Accepted Answer

One of the main criticisms against the WTO is that it infringes on the sovereignty of countries by limiting their ability to regulate trade and protect their domestic industries.

Question 20

Insert Figure 9.8.4 
-Created by the UN in 1980,this is an indicator of the level of development for each country.It combines income,literacy,education,and life expectancy.
A) Human Development Index (HDI)
B) Gender Empowerment Measure (GEM)
C) Gini Coefficient (GC)
D) Purchasing Power Parity (PPP)
E) Development Level Indicator (DLI)

Accepted Answer

The Human Development Index (HDI) is the indicator created by the UN in 1980 that combines income, literacy, education, and life expectancy to measure the level of development for each country. The other options listed (Gender Empowerment Measure, Gini Coefficient, Purchasing Power Parity, and Development Level Indicator) are different measures that do not cover all aspects of development like the HDI does.

Quiz 9: Development

Which of the following two organizations were conceived to promote development after World War II and to avoid a repetition of the disastrous economic policies that contributed to the Great Depression?

Insert Figure 9.8.4 -Which of the following regions has seen the most improvements in its HDI since 1980?

Which of the following countries has not joined the WTO?

Insert Figure 9.8.4 -This region has the world's highest percentage of people living in poverty and suffering from poor health and low education levels.

In the self-sufficiency approach to development,countries do all but which of the following?

Which of the following is true of the international trade approach to development?

With the world's second largest economy,behind only the United States,this country accounts for a third of total world economic growth

Which of the following is an accurate description of the labor force participation rate?

To promote the international trade development model,most countries have joined the ________.

Figure 9.5.5 -Looking at Figure 9.5.5,which of the following countries has the lowest adolescent fertility rates?

Insert Figure 9.8.4 -Which of the following is not one of the UN's Millennium Development Goals?

Which of the following countries has become the center for the manufacturing of automobiles and other consumer goods in Southeast Asia?

Insert Figure 9.8.4 -Which of the following countries has the highest debt as a percentage of GNI?

The U.S.government allocates approximately ________ percent of its GNI to foreign aid.

Figure 9.5.5 -Looking at Figure 9.5.5,which of the following countries has the highest adolescent fertility rates?

Insert Figure 9.8.4 -During the 1950s people lived on average more than two decades longer in developed countries than in developing ones.In the twenty-first century,the gap is ________.

Maternal mortality ratio is the number of women who die giving birth per ________ births

Insert Figure 9.8.4 -________ is trade that protects small businesses and workers.

Which of the following is one of the main criticisms against the WTO?

Insert Figure 9.8.4 -Created by the UN in 1980,this is an indicator of the level of development for each country.It combines income,literacy,education,and life expectancy.