Economic Concepts and Global Issues

The video explores development indices like HDI and gender inequality, highlighting the role of gender in development. It discusses trade dynamics, including complementary and comparative advantages, and the impact of globalization through special economic zones. The transition from Fordist to post-Fordist manufacturing models is explained, along with economic concepts like the multiplier effect. Environmental concerns are addressed through ecotourism and the UN's Sustainable Development Goals.

Which of the following is NOT a component of the Human Development Index (HDI)?

• Education level

• GNI per capita

• Percentage of women in government

• Life expectancy

What does the Gender Inequality Index measure?

• Economic growth

• Women's rights and opportunities

• Environmental sustainability

• Technological advancement

How can microloans benefit women in developing countries?

• By increasing import tariffs

• By reducing government taxes

• By offering small loans to start businesses

• By providing large-scale industrial investments

What is a complementary advantage in trade?

• Producing goods that are similar

• Producing goods that complement each other

• Producing goods at a lower cost

• Producing goods with higher quality

Which organization is responsible for overseeing global trade rules?

• Mercosur

• OPEC

• World Trade Organization

• European Union

What is the primary focus of an export processing zone?

• Financial services

• Agricultural production

• Manufactured exports

• Tourism development

What characterizes the post-Fordist method of manufacturing?

• Massive inventory

• Flexible production

• Manual labor

• Single-location production

What is the multiplier effect in economics?

• The increase in production costs

• The reduction of trade barriers

• The initial spending that spurs further economic development

• The decrease in consumer demand

How does ecotourism benefit the environment?

• By reducing travel costs

• By increasing industrial output

• By preserving wildlife and ecosystems

• By promoting mass tourism

What is the goal of the United Nations' Sustainable Development Goals?

• To protect the planet and end poverty

• To expand urban areas

• To promote industrialization

• To increase global trade