Certified Solutions Verified | 2025 |
Quiz_________________?
A free trade zone is an area Where
a. the normal trade laws of a country, such as
tariffs, bureaucratic requirements, and quotas,
are eliminated in hopes of stimulating foreign
trade and industry.
b. large open markets are set up in poor countries
for the exchange of international currencies.
c. black market trade is carried out under
government supervision.
d. ideas are exchanged in an academic setting to
increase the academic activity of the country.
e. people bring agricultural products for trade and
barter. -
Answer✅
a
Quiz_________________?
According to dependency theory, some countries
1
, allow a large number of citizens to live in
poverty in order to
a. keep labor costs down and bring in new
industry.
b. allow an elite class to control all economic
resources.
c. avoid spending government resources on social
programs.
d. create a large unskilled labor force to promote
industrialization.
e. stop rapid population growth and urbanization. -
Answer✅
b
Quiz_________________?
According to dependency theory, some countries
allow a large number of citizens to live in poverty
in order to
a. keep labor costs down and bring in new
industry.
b. allow an elite class to control all economic
resources.
c. avoid spending government resources on social
programs.
d. create a large unskilled labor froce to promote
industrialization.
e. stop rapid population growth and urbanization. -
Answer✅
2
, b
Quiz_________________?
According to Immanuel Wallerstein's
world-system theory, the modern network of global
economic interdependence and competition began
a. when European nations began exploring
outside of their continent in the 1600s.
b. with the spread of the Industrial Revolution
from northern Europe to Asia.
c. in the early 1990s with the collapse of the
Soviet Union and fall of communism.
d. after the United States resumed trade with
Great Britain following the American
Revolution.
e. with the spread of capitalism at the end of the
19th century. -
Answer✅
a
Quiz_________________?
According to Rostow's stages of development,
which of the following is true?
a. All countries will eventually pass through each
of the five stages of economic development.
b. The colonial legacy will impede a country's
economic growth.
3
, c. Foreign investment is a necessary precondition
for economic development in the second stage.
d. Countries might not pass through each of the
stages in a linear manner.
e. Deindustrialization is accounted for in the fifth
and final stage. -
Answer✅
a
Quiz_________________?
Alfred Weber's Least Cost Theory takes into
account all of the following EXCEPT
a. locating markets close to source materials.
b. transportation costs.
c. weight of raw materials.
d. agglomeration costs.
e. consumer demand for the finished product. -
Answer✅
e
Quiz_________________?
Alfred Weber's least cost theory takes into account
all of the following EXCEPT
a. locating markets close to source materials.
b. transportation costs.
c. weight of raw materials.
d. agglomeration of costs.
4
Quiz_________________?
A free trade zone is an area Where
a. the normal trade laws of a country, such as
tariffs, bureaucratic requirements, and quotas,
are eliminated in hopes of stimulating foreign
trade and industry.
b. large open markets are set up in poor countries
for the exchange of international currencies.
c. black market trade is carried out under
government supervision.
d. ideas are exchanged in an academic setting to
increase the academic activity of the country.
e. people bring agricultural products for trade and
barter. -
Answer✅
a
Quiz_________________?
According to dependency theory, some countries
1
, allow a large number of citizens to live in
poverty in order to
a. keep labor costs down and bring in new
industry.
b. allow an elite class to control all economic
resources.
c. avoid spending government resources on social
programs.
d. create a large unskilled labor force to promote
industrialization.
e. stop rapid population growth and urbanization. -
Answer✅
b
Quiz_________________?
According to dependency theory, some countries
allow a large number of citizens to live in poverty
in order to
a. keep labor costs down and bring in new
industry.
b. allow an elite class to control all economic
resources.
c. avoid spending government resources on social
programs.
d. create a large unskilled labor froce to promote
industrialization.
e. stop rapid population growth and urbanization. -
Answer✅
2
, b
Quiz_________________?
According to Immanuel Wallerstein's
world-system theory, the modern network of global
economic interdependence and competition began
a. when European nations began exploring
outside of their continent in the 1600s.
b. with the spread of the Industrial Revolution
from northern Europe to Asia.
c. in the early 1990s with the collapse of the
Soviet Union and fall of communism.
d. after the United States resumed trade with
Great Britain following the American
Revolution.
e. with the spread of capitalism at the end of the
19th century. -
Answer✅
a
Quiz_________________?
According to Rostow's stages of development,
which of the following is true?
a. All countries will eventually pass through each
of the five stages of economic development.
b. The colonial legacy will impede a country's
economic growth.
3
, c. Foreign investment is a necessary precondition
for economic development in the second stage.
d. Countries might not pass through each of the
stages in a linear manner.
e. Deindustrialization is accounted for in the fifth
and final stage. -
Answer✅
a
Quiz_________________?
Alfred Weber's Least Cost Theory takes into
account all of the following EXCEPT
a. locating markets close to source materials.
b. transportation costs.
c. weight of raw materials.
d. agglomeration costs.
e. consumer demand for the finished product. -
Answer✅
e
Quiz_________________?
Alfred Weber's least cost theory takes into account
all of the following EXCEPT
a. locating markets close to source materials.
b. transportation costs.
c. weight of raw materials.
d. agglomeration of costs.
4
