Opportunities for Wealth in Poor Countries

Opportunities for Wealth in Poor Countries

Assessment

Interactive Video

Business

9th - 10th Grade

Practice Problem

Hard

Created by

Jennifer Brown

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some common reasons people in poor countries cite for their poverty?

Natural disasters

Colonization and bad political leaders

Lack of education

Overpopulation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does a lower cost of living in poor countries benefit wealth creation?

It allows for higher savings from income

It limits business opportunities

It increases the cost of goods

It reduces the need for employment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is cheaper labor an advantage in poor countries?

It leads to higher unemployment

It attracts foreign businesses

It increases the cost of production

It limits economic growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of a large young population in poor countries?

It leads to higher dependency ratios

It creates a large workforce and consumer base

It causes a decline in education standards

It results in increased government spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What problem does Andela aim to solve?

Political instability

Lack of educational institutions

Shortage of skilled software developers

High cost of living

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can foresight contribute to wealth creation?

By focusing solely on traditional industries

By avoiding technological advancements

By identifying future opportunities and acting on them

By predicting stock market trends

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a future opportunity in agriculture according to the video?

Reducing agricultural exports

Increasing reliance on imports

Developing agribusinesses powered by technology

Focusing on subsistence farming

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