Economic Development

What impact does infrastructure development have on local economies?

• It discourages foreign investment due to high costs

• It creates jobs, boosts productivity, and attracts businesses

• It increases the price of local goods and services

• It reduces the need for public transportation

How does education and workforce development aid economic growth?

• By decreasing the overall level of employment

• By limiting the need for technological advancements

• By increasing skill levels, productivity, and innovation

• By reducing the availability of skilled workers

How does promoting tourism contribute to economic development?

• By generating revenue, creating jobs, and supporting local businesses

• By depleting natural resources faster

• By reducing the need for international travel

• By increasing the cost of living for local residents

What is a potential strategy to alleviate poverty and inequality?

• Increasing taxes on low-income households

• Cutting social welfare programs

• Implementing policies that provide education, healthcare, and job opportunities for disadvantaged groups

• Reducing minimum wage to create more jobs

Which type of economic activity processes and distributes information?

• Primary

• Secondary

• Tertiary

• Quaternary

Which type of economic activities would you most likely find in a newly industrialized country?

• Primary

• Primary and Secondary

• Secondary and Tertiary

• Tertiary and Quaternary

Which type of economic activity provides services to people and businesses?

• Primary

• Secondary

• Tertiary

• Quaternary

Which type of economic activity uses raw materials to produce something new?

• Primary

• Secondary

• Tertiary

• Quaternary

Choose the correct examples of a primary activity.

• truck driver, doctor, store clerk, restaurant

• manufacturing and construction

• mining, agriculture, fishing

• research and data processing

As a country becomes newly industrialized in moves from cottage industries to  ____________?

• Subsistence Agriculture

• Commercial Agriculture

• Commercial Industries

• Primary Activities