ECONOMICS Topic 1.2 - VARYING DEGREES OF ECONOMIC GROWTH

Nations with varying degrees of economic development give rise to:

• Technological advancements
• International trade
• Political instability
• Social inequality

Industrial nations typically supply:

• Manufactured goods
• Raw materials
• Agricultural products
• Labor

According to the text, which region began industrial development around 1868?

• Western Europe
• Canada
• Australia
• Japan

Which of the following is NOT mentioned as a factor influencing economic development?

• Social and political reasons
• Resource availability
• Educational systems
• National attitude

Feudalism in England was weakened by:

• Industrialization
• Political reforms
• Enclosure laws and inheritance practices
• Agricultural advancements

What major factor contributed to the economic development in countries like the United States, Canada, and Australia?

• Technological innovations
• Trade policies
• Agricultural abundance
• Lack of a feudal structure

Japan's destruction of its feudal structure between 1868 and 1878 was achieved through:

• Civil war and land reform
• Industrialization
• Political negotiations
• Foreign aid

The availability of which resources made economic development easier for Britain and the United States, respectively?

• Coal and iron; land
• Oil; technology
• Gold; natural gas
• Water; timber

The text mentions that Iran's economic development differs from Pakistan's primarily due to:

• Cultural differences
• Technological advancements
• Political stability
• Availability of oil

A major source of strength for Japanese economic development has been:

• Abundant natural resources
• Advanced technology
• National leadership and cooperation
• Foreign investments