
Development and Economic Progress Quiz
Quiz
•
Social Studies
•
2nd Grade
•
Practice Problem
•
Hard
Misie Miłe
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a poverty trap?
A situation where a country has low levels of government spending
A situation where a country has high levels of foreign investment
A situation where a country experiences rapid economic growth
A situation where a country is caught in a cycle of barriers to growth and development
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main impact of rising economic inequality on economic progress?
Increased levels of saving and investment
Pro-poor growth and development
Capital flight and currency devaluation
Decreased levels of government spending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of infrastructure?
The amount of foreign investment in a country
The total amount of money in a country's economy
The essential facilities and services necessary for economic activity
The level of education and health care in a country
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is appropriate technology?
Technology that requires a large amount of capital investment
Highly advanced technology used in developed countries
Technology that is appropriate for use with existing factor endowments
Technology that is only suitable for urban areas
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does lack of access to education hinder economic progress?
It leads to a decrease in government revenue
It reduces the quality of human resources
It increases the level of informal employment
It causes a decrease in foreign investment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the informal sector of the economy?
The part of an economy that is administered by the government
The part of an economy that is neither taxed nor administered by the government
The part of an economy that is included in a country's gross national income
The part of an economy that is heavily taxed by the government
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is capital flight?
The movement of large sums of money into a country
The movement of large sums of money out of a country
The movement of large sums of money between countries
The movement of large sums of money within a country
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