4.9 WG-FINAL EXAM-SPRING 2020-2021

Which problem faces many of the least developed nations today? WG.5B 

• Too many varieties of crops are being grown. 
•  A malnourished population exists on a high-calorie diet
• An excessive amount of investment capital is available. 
• C.  Low literacy rates limit economic development. 

A nation’s level of economic development may be measured by its Gross National Product (GNP). Less developed countries would have a low GNP because— WG.5B

• they are nations that are in debt 
• they have sophisticated technology 
• many are mainly agricultural 
• they have international trade partners

Iron ore, coal, and petroleum are all examples of (WG.8C)

• Renewable resources

• Capital resources

• Nonrenewable resources

• Human resources

___________________ involves conserving the world’s resources for future use, for example in reducing fuel consumption, designing energy-efficient buildings, and recycling used materials. (WG.8C)

• Ecology

• Environmental determinism

• Sustainability

• Possibilism

*In which economic system do market mechanisms most affect the price of goods and services, with only limited involvement from a central authority? (WG.10A) 

• Command 
• Socialist 
• Free enterprise 
• Traditional

*An economic system in which markets and central authority both play a role in the production and distribution of goods and heavy taxation funds extensive social services would be best described as (WG.10A) 

• Command
• Socialist
• Free Enterprise
• Traditional

How does subsistence agriculture compare to commercial agriculture? (WG.10C)

• Technology plays a larger role in subsistence agriculture than in commercial agriculture.

• Subsistence agriculture generally affects a very large area, whereas commercial agriculture affects a local area.

• Subsistence agriculture is usually associated with capitalist systems, and commercial agriculture is usually associated with communist systems.

• In subsistence agriculture, little food is left over to sell to others. In commercial agriculture, crops are grown to be sold to others.

Which is an example of a cottage industry? WG.10C

• large automobile manufacturing plant

• sale of woodcrafts from a home workshop

• restaurant chain specializing in family-style service

• dairy farm selling milk to the local cheese factory

*Tertiary activity includes (WG.11A) 

• Management industries
• Agriculture
• Services
• Extracting raw materials

*Which of the following sectors of the economy grows the fastest as a country industrializes? (WG.11A) 

• Primary
• Tertiary 
• Quaternary
• Secondary