CHAPTER 1 QUIZ

What was Malaysia's primary economic activity during the early independence period?

• Tourism and hospitality
• Textile manufacturing
• Rubber and tin production
• Agriculture and fishing

Which of the following best defines economic growth?

• The increase in the production of goods and services in an economy over time.
• The total amount of money in circulation within a country.
• A decrease in the unemployment rate in an economy.
• The balance of trade between imports and exports.

Which of the following best describes a structural change in Malaysia's economy over the years?

• Transition from agriculture to manufacturing and services sectors.
• Growth of the informal economy without regulation.
• Expansion of the agricultural sector to meet global demand.
• Increased reliance on fossil fuels for energy production.

What caused Malaysia's economy to slow down in 2020?

• Political instability in the region

• A rise in oil prices
• The COVID-19 pandemic and its associated restrictions.

• Increased foreign investment

What happened to Malaysia’s literacy rate from 1970 to 2019?

• The literacy rate decreased from 70% in 1970 to 50% in 2019.
• The literacy rate remained constant at 58% from 1970 to 2019.

• The literacy rate fluctuated between 50% and 55% from 1970 to 2019.

• The literacy rate rose from approximately 60% in 1970 to over 97% in 2019.

Answer explanation

Chapter 1 slide page 6

What caused Malaysia's economy to slow down in 1997?

• Political instability in the region.
• Natural disasters affecting agriculture.
• Increased oil prices.
• The Asian Financial Crisis.

What is one reason Malaysia reduced its focus on farming?

• Lack of natural resources

• Labour shortages

• High tax for farmers

• No demand for crops

Which industry was supported by the Malaysian Industrial Development Authority (MIDA)?

• Information technology and software industries
• Manufacturing and services industries
• Tourism and hospitality industries
• Agriculture and fishing industries

Why did Malaysia introduce the New Economic Policy (NEP) in the 1970s?

• To enhance tourism in urban areas.
• To address economic disparities and uplift the Bumiputera population.
• To increase exports of palm oil and rubber.
• To promote foreign investment in Malaysia.

What was the purpose of the Investment Incentives Act 1968?

• To improve agricultural exports
  

• To promote industrial development and attract foreign investments

• To support the tourism sector

• To control inflation