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WorksheetsGrowth and Development Strategies
Total questions: 18
Worksheet time: 14mins
What is Diversification?
Protectionist measures that are implemented to help a country become independent from imports from abroad.
The strategy of increasing the variety of goods and services that a country produces and exports.
Any policy that supports domestic industries so that they become exporting industries.
A type of economy that can bounce back from external shocks more easily.
(a)
What is Import substitution?
Refers to protectionist measures that are implemented to help a country become independent from imports from abroad.
Is any policy that supports domestic industries so that they become exporting industries.
Is the strategy of increasing the variety of goods and services that a country produces and exports.
Social enterprises can be classified as a for-profit, but not non-for-profit organizations.
True
False
What are three examples of Market-Based Policies?
Trade liberalisation
Privatisation
Deregulation
Transfer Payments
What are two strengths of Privatisation and Deregulation
Economic growth
Allocative efficiency
Increase employment opportunities
May reduce equity.
What are Redistribution policies?
Measures that are taken by governments to reallocate income and wealth more equitably in society.
A form of Interventionist Policies.
Goods and services that are beneficial for those who consume them and have positive externalities for society.
Foreign Direct Investment (FDI) is a long-term investment in a foreign country by multinational corporations.
True
Pickles
Which of the following is NOT a strength of Foreign Direct Investments (FDIs)?
Economic growth and employment.
Efficiency and productivity.
MNC dominance.
Improved infrastructure.
Skills and knowledge transfer.
Food aid is given to reduce hunger during times of emergency, but not for longer-term needs.
True
False
Emergency relief aid is aid given to populations affected by severe natural disasters, but not man-made disasters.
True
False
What are some types of Foreign Aid?
Humanitarian Aid
Medical Aid
Emergency Relief Aid
Development Aid
Debt Relief
Non-governmental organisations (NGOs) are (a) of government involvement.
Tell me an example of a non-governmental organisation (NGO) in the United States. What kind of aid do they provide?
What is Official Development Assistance (ODA)?
What are some types of Foreign Aid?
Official development assistance (ODA)
Non-governmental organisations (NGOs)
Multilateral development assistance
The World Bank
The International Monetary Fund (IMF)
What does The World Bank do?
What is NOT an example of Financial Instutional Changes?
Reducing the cost to buy housing/renting costs
Increasing the number of bank access points (especially in rural areas)
Biometric identification to prove identity
Increasing women's empowerment
Reducing Corruption
