Economic Power and Technology Quiz

How is economic power related to technology according to the Business Dictionary?

• Economic power is derived from cultural influence and traditional practices.

• Economic power is the ability to control natural resources only.

• Economic power is related to technology through the capacity to make and enforce economic decisions based on productive resources.

• Economic power is solely based on a country's military strength.

What historical event is cited as giving many nations economic power due to new technologies?

• The Cold War

• The Industrial Revolution

• The Renaissance

• The Digital Revolution

Which of the following is NOT listed as a key feature of economic power from the topic 11 document?

• Availability of resources

• Ability to make decisions about resource allocation

• Influence over international policies

• Sharing or assigning goods and services

What year did the Industrial Revolution begin in England?

• 1750

• 1760

• 1770

• 1780

Which of the following was NOT a consequence of the Industrial Revolution as described in topic 11?

• Telephones and radios would vanish.

• Increased levels of pollution.

• Decrease in handmade consumables.

• Reduction in global trade.

How is the Industrial Revolution generally acknowledged in terms of environmental impact?

• Reduced pollution levels.

• No impact on pollution.

• Time of very high levels of pollution.

• Improved environmental standards.

How did the Industrial Revolution impact the manufacturing of goods?

• It decreased the variety of goods produced

• It had no significant impact on manufacturing

• It changed the manufacturing by increasing production efficiency

• It led to a decline in natural resource usage

Which countries became most economically and politically powerful due to the Industrial Revolution?

• Asian countries

• European countries

• African countries

• South American countries

Did all people or population groups benefit equally from the economic power gained during the Industrial Revolution?

• Yes, all groups benefited equally

• No, the benefits were unevenly distributed

• Only the industrialists benefited

• The document does not specify

What is an important factor in determining living standards?

• The total amount of money a country has

• The distribution of wealth within a country

• The number of wealthy individuals in a country

• The country's technological advancements