Global Economy Quiz

What is the definition of poverty according to the text?

• A condition characterized by severe deprivation of basic human needs

• A condition characterized by excessive wealth and luxury

• A condition characterized by lack of education

• A condition characterized by extreme weather conditions

What is the imaginary line drawn by experts to determine poverty?

• Wealth Boundary

• Financial Threshold

• Poverty Line

• Income Limit

According to the UN, how many people still live in extreme poverty?

• 2.5 billion

• 836 million

• 1.9 billion

• 400 million

What is the main factor contributing to the reduction of extreme poverty?

• Dependency Theory

• Protectionism

• Isolationism

• Economic Globalization

What is the process or system by which goods and services are produced, sold, and bought in a country or region?

• Protectionism

• Economic Globalization

• Dependency Theory

• Trade Liberalization

Which theory frames global stratification as a function of technological and cultural differences between nations?

• Modernization Theory

• Globalization Theory

• Dependency Theory

• World Systems Theory

What is the condition in which the development of the nation-states of the South contributed to a decline in their independence and to an increase in economic development of the countries of the North?

• Modernization Theory

• Trade Liberalization

• Dependency Theory

• Globalization Theory

According to the United Nations report, what poses setbacks to sustainable development targets in several regions?

• Excessive wealth accumulation

• Weak growth in per capita income

• High levels of education

• Rapid industrialization

What is the freedom to prosper within a country without intervention from a government or economic authority?

• Trade Liberty

• Wealth Independence

• Financial Autonomy

• Economic Freedom

What is the main factor that could prevent a more widespread investment rebound according to the UN report?

• Elevated policy uncertainty and rising levels of debt

• Strong economic growth

• Decrease in global trade

• Decrease in population growth