Global Economic Development Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What is defined as the economic mixing and interdependence of economies across the world through an escalation of cross-cultural movement of goods, services, technologies and wealth?

Question 2 2. Which theory of development argues that the path to development lies in adopting the path taken by the Western industrialized countries?

Question 3 3. What is defined as large-scale departure of companies, assets, and wealth from a country due to economic instability or the opportunity for cheaper production?

Question 4 4. Which of the following statements is FALSE about long run economic growth?

Question 5 5. Which of the following does not contain any LDCs?

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Question 6 6. Which of the following is NOT one of Rostow's five stages of economic development?

Question 7 7. Economic development is funded through ______________.

Question 8 8. Which of the following is not a criticism of modernization theory?

Question 9 9. Why is real GDP a poor indicator of economic growth?

Question 10 10. How is savings directly connected to economic growth?

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Question 11 11. Economic development includes initiatives that improve ______________.

Question 12 12. How can we measure the effectiveness of economic development projects?

Question 13 13. Which of the five stages of economic development takes place over approximately 60 years?

Question 14 14. Which development theory believes that development is a zero-sum game where LDCs need to lose in order for developed countries to win?

Question 15 15. Which of these is NOT an argument against economic globalization?

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Question 16 16. What are the two ends of the spectrum that, in many ways, replaced the ideas of first, second and third world economies, even though some of those terms are still used?

Question 17 17. What is the relationship between the U.S. dollar and its impact on globalization and the U.S. economy?

Question 18 18. Which continent does NOT have a less-developed country?

Question 19 19. Which theory of development posits three different levels of development?

Question 20 20. Which is a characteristic of economic growth?

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Question 21 21. Which is an effect on the U.S. economy as a result of globalization?

Question 22 22. What is the best explanation of terms of trade?

Question 23 23. In general, economic development focuses on _____________.

Question 24 24. A corrupt government can cause the following problems for a country, EXCEPT which?

Question 25 25. U.S. corporations merging abroad in other countries is termed _____?

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Question 26 26. What are some factors that influence globalization?

Question 27 27. Maria was trained as a nurse. Upon marriage, her culture requires that she give up her career and manage the household and take care of her children. This is an example of which hurdle to development?

Question 28 28. In the field of economics, which numbered 'world' term meant a country that was in its drive to maturity or beyond, but was a Communist-ruled country?

Question 29 29. Exporting is the act of

Question 30 30. What is defined as the bringing in of foreign goods into an economy?

Global Economic Development Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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