Copy of SS6E3 Describe factors that influence economic growth and examine their presence or absence

Multiple Choice

What does the term "literacy rate" refer to?

• The amount of people who can read and write.

• The number of people who have jobs.

• The percentage of people who speak more than one language.

• The number of people who own businesses.

Multiple Choice

Why might countries with low literacy rates struggle to have a productive economy?

• Because they will not have enough educated people to fill high-paying jobs.

• Because they have too many natural resources.

• Because they have too many people who can read and write.

• Because they have a high number of businesses.

Multiple Choice

What is one reason why Mexico's literacy rate is negatively affected?

• Lack of schools in rural areas

• Drug related issues

• High government spending on education

• Overpopulation

Multiple Choice

Why is Brazil's literacy rate hurt, according to the material?

• Lack of teachers

• Government control limiting high paying private jobs

• Natural disasters

• Language barriers

Multiple Choice

Which country spends the highest percentage of its GDP on education?

• Cuba

• Brazil

• Mexico

• Argentina

Multiple Choice

What is one reason for Cuba's low standard of living according to the material?

• Its communist government

• Lack of natural resources

• High unemployment rate

• Poor climate

Multiple Choice

What does GDP stand for?

• Gross Domestic Product

• General Domestic Price

• Government Development Plan

• Global Demand Percentage

Multiple Choice

What does GDP represent for a country?

• The worth of a country

• The population of a country

• The area of a country

• The climate of a country

Multiple Choice

What is one way for countries to grow their GDP?

• By investing in human capital

• By reducing education

• By limiting health care

• By decreasing skills training

Multiple Choice

What does human capital refer to?

• The health, skills, education, and training of a nation’s labor force

• The amount of money a country has in banks

• The number of factories in a country

• The size of a country’s land area

Multiple Choice

What is one reason why unhealthy, poorly educated, or untrained workers cannot be expected to support a strong national economy?

• They are more likely to obtain high quality, well-paying jobs.

• They cannot contribute to a strong national economy or obtain in-demand jobs.

• They increase the GDP automatically.

• They require less investment in human capital.

Multiple Choice

How does a nation's GDP relate to its investment in human capital?

• There is no relationship between GDP and human capital investment.

• Less money spent on human capital equals higher GDP.

• More money spent on human capital equals higher GDP.

• Human capital investment only affects GDP in developed countries.

Multiple Choice

Why can GDP per Capita be misleading when comparing different countries?

• It always shows the true wealth of a country.

• It ignores gaps between the impoverished, middle class, and wealthy.

• It only measures the population size.

• It focuses only on exports.

Multiple Choice

According to a World Economic Forum report, which Latin American country had the highest ranking for human capital investment in 2016 among Cuba, Mexico, and Brazil?

• Brazil

• Mexico

• Cuba

• Argentina

Multiple Choice

Which of the following is NOT considered a capital good?

• Factories

• Machinery

• Technology

• Food

Multiple Choice

How is GDP affected by countries investing in capital goods?

• Negatively

• Positively

• Not affected

• It decreases

Multiple Choice

What effect do older, less efficient factories and antiquated machinery have on a nation's GDP?

• They slow production and can hamper GDP growth.

• They increase the efficiency of production.

• They always lead to higher profits.

• They have no impact on GDP.

Multiple Choice

Why are new machinery, factories, and technology considered more cost efficient?

• They are cheaper to use and help make more products for less.

• They require more workers to operate.

• They slow down the production process.

• They increase the cost of production.

Multiple Choice

Which two countries have made capital good investments in their petroleum extraction and refining technologies?

• Mexico and Brazil

• Canada and Russia

• China and India

• United States and Australia

Multiple Choice

What has made it possible to extract oil in the hardest of places?

• Improvements in technology

• Decrease in oil prices

• Increase in population

• Reduction in energy demand

Multiple Choice

Why is Cuba's GDP declining according to the information provided?

• Because Cuba has invested too much in new technology

• Because Cuba has made little investment in capital goods and uses aging machinery and factories

• Because Cuba has too many sugar processing facilities

• Because Cuba has stopped producing sugar

Multiple Choice

What is one fact mentioned about some of Cuba’s factories?

• They are all brand new

• They are over 100 years old

• They are located outside of Cuba

• They only produce coffee

Multiple Choice

Which of the following is a factor that affects a nation's GDP, according to the learning material?

• The color of the national flag

• The abundance of natural resources

• The number of sports teams

• The type of weather

Multiple Choice

What are natural resources, as defined in the learning material?

• Materials created in factories

• Materials on or in the earth that have economic value

• Products sold in stores

• Items used only for decoration

Multiple Choice

What is one of the many natural resources of Brazil mentioned in the material?

• Lumber extraction from the Amazon Rainforest

• Oil drilling in the Sahara Desert

• Gold mining in the Rocky Mountains

• Coal mining in Antarctica

Multiple Choice

Where does the majority of the most expensive lumber on the planet come from?

• The Amazon Rainforest

• The Sahara Desert

• The Rocky Mountains

• The Great Barrier Reef

Multiple Choice

Which of the following minerals is NOT listed as one of Cuba's main natural resources?

• Cobalt

• Nickel

• Gold

• Iron ore

Multiple Choice

What has happened to the price of copper over the past 20 years, according to the information provided?

• It has doubled

• It has stayed the same

• It has quadrupled

• It has decreased

Multiple Choice

What is Mexico's chief natural resource?

• Gold

• Silver

• Petroleum

• Coal

Multiple Choice

Mexico is the ______ largest oil producer on Earth.

• 3rd

• 5th

• 7th

• 10th