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WorksheetsEconomic Development
Total questions: 15
Worksheet time: 15mins
Movement from feudalism to capitalism and socialism, based on changes in ruling & oppressed classes. It's example of ........ theory
Marxism
Rostow
Darwin
Classical
Which is the LEAST developed among the following regions?
North America
South America
East Asia
Sub-Saharan Africa
Which level of development is a country where most people work at the subsistence level?
More Developed
Newly Industrialized
Less Developed
Countries with high levels of literacy and higher education are in which level of economic development?
More Developed
Newly Industrialized
Less Developed
Countries with weak infrastructure [communication/ transportation/ healthcare/ education systems] are in which level of economic development?
More Developed
Newly Industrialized
Less Developed
True or False. Economic Development refers to how advanced an economy is.
True
False
Gross Domestic Product is...
the total value of all goods and services produced by a nation in a year.
the value of goods and services produced in a year in a nation by a person.
a product that is domestically gross.
What is a key benefit of investing in education for economic development?
It ensures that the country remains dependent on foreign aid
It decreases the overall economic output
It increases the number of unskilled labour jobs
It enhances the capability of the workforce to meet the demands of modern economies
How does the development of public services (such as police, firemen, and healthcare) support economic development?
By lowering the quality of life for residents
By increasing the number of private healthcare facilities
By providing security, reducing risks, and ensuring a healthy workforce
By reducing government expenditure on social programs
What role does investment in innovation and technology play in economic development?
It limits the potential for new industries to emerge
It reduces the need for a skilled workforce
It focuses on maintaining traditional production methods
It drives economic growth through improved efficiency and new product development
How can promoting trade help a country’s economic development?
By enhancing access to foreign markets and increasing export revenues
By focusing only on the import of goods and services
By reducing competition within domestic markets
By restricting the flow of goods and services
How can the development of infrastructure contribute to economic development?
By increasing the stock market value of local companies
By improving transportation and connectivity, facilitating trade and investment
By reducing the need for government regulation
By limiting the expansion of urban areas
What is a common indicator used to measure economic development?
A) Gross Domestic Product (GDP)
B) Population Growth Rate
C) Average Temperature
D) Number of National Parks
Which of the following is a characteristic of sustainable economic development?
A) Depletion of natural resources
B) Long-term economic growth without environmental harm
C) Increasing income inequality
D) Short-term profit maximization
How does microfinance contribute to economic development?
A) By providing large loans to multinational corporations
B) By offering financial services to low-income individuals and small businesses
C) By increasing government debt
D) By focusing on urban development only
