World Geography: Economic Development

In a market economy, who or what determines prices of goods and services?

• government

• industrial output

• supply and demand

• religious beliefs

What continent are MOST primary economies located?

• Europe

• Asia

• Africa

• North America

Out of the following countries, who would have the highest standard of living?

• Mexico

• Somalia

• Afghanistan

• Japan

If you grew up on a farm in West Texas, would type of economic activities would you most likely participate in?

• Primary

• Secondary

• Tertiary

• Quaternary

Cities such as St. Louis and New Orleans were established along the Mississippi River MOSTLY to —

• establish protection from hurricanes

• generate electricity from water power

• guarantee access to trade routes

• provide protection from competitive markets

Which of these is the most likely result of a well-planned national transportation network?

• Government ventures are more profitable.

• Consumers have access to a wider variety of products.

• Damage to fragile items is minimized.

• Raw materials are more difficult to get to market.

Which factor posed the greatest challenge to developing natural resources in Siberia?

• Severe drought limited agricultural production on arable land.

• Limited access to water prevented the establishment of large cities.

• The employment of seasonal laborers reduced annual output quotas.

• The harsh climate hindered the establishment of permanent settlements.

Out of the following countries, who would have the lowest standard of living?

• Canada

• Liberia

• New Zealand

• South Africa

-Destruction of the Aral Sea

-Restrictions on Japanese fishing

-Control of water use on the Jordan River

All of the above are the result of which of the following?

• Pollution of the natural environment

• Political policies of underdeveloped nations

• Economic policies related to use of resources

• Social policies to prevent desecration of resources

What was the name of the 18^th and 19^th century trade route that shifted goods and people between Europe, Africa, and the Americas?

• Rectangular Trade

• Circular Trade

• Triangular Trade

• Spherical Trade