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gcse eduqas geography > theme 6 > Flashcards

theme 6 Flashcards

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1
Q

What is the primary measure of economic development?

A

Gross Domestic Product (GDP)

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2
Q

True or False: Globalization typically increases economic inequality within countries.

A

True

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3
Q

Fill in the blank: The _____ is a measure that adjusts GDP for the cost of living and inflation.

A

Purchasing Power Parity (PPP)

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4
Q

What does MNC stand for?

A

Multinational Corporation

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5
Q

Multiple Choice: Which of the following is NOT a measure of economic development? A) GDP B) Literacy Rate C) Stock Market Index D) Life Expectancy

A

C) Stock Market Index

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6
Q

What is the impact of globalization on local cultures?

A

Globalization can lead to cultural homogenization.

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7
Q

True or False: Trade liberalization often leads to increased economic growth.

A

True

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8
Q

Fill in the blank: Economic _____ refers to the disparities in income and wealth within a society.

A

inequality

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9
Q

What is the Human Development Index (HDI)?

A

A composite index measuring average achievement in key dimensions of human development: health, education, and standard of living.

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10
Q

Multiple Choice: Which of the following is a negative impact of MNCs? A) Job creation B) Environmental degradation C) Technology transfer D) Increased competition

A

B) Environmental degradation

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11
Q

What role do trade agreements play in globalization?

A

They reduce trade barriers and promote international trade.

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12
Q

True or False: Economic development is solely measured by income levels.

A

False

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13
Q

Fill in the blank: The _____ effect occurs when the benefits of globalization are unevenly distributed.

A

trickle-down

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14
Q

What is a common criticism of globalization?

A

It can exacerbate income inequality between developed and developing countries.

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15
Q

Multiple Choice: Which of the following is a measure of trade inequality? A) Gini Index B) Inflation Rate C) Economic Growth Rate D) Unemployment Rate

A

A) Gini Index

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16
Q

What is the relationship between foreign direct investment (FDI) and economic development?

A

FDI can stimulate economic development by providing capital and technology.

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17
Q

True or False: Globalization can lead to job losses in certain sectors of the economy.

A

True

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18
Q

Fill in the blank: The _____ is a measure of the wealth distribution across a population.

A

Gini coefficient

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19
Q

What is the main goal of the World Trade Organization (WTO)?

A

To promote free trade by regulating and facilitating international trade agreements.

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20
Q

Multiple Choice: Which of the following factors can hinder economic development? A) Political stability B) Access to education C) High corruption levels D) Infrastructure investment

A

C) High corruption levels

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21
Q

What does the term ‘brain drain’ refer to?

A

The emigration of highly trained or educated individuals from one country to another.

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22
Q

True or False: Increased trade often leads to higher wages for workers in developing countries.

A

False

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23
Q

Fill in the blank: The _____ is a measure of economic output per capita.

A

GDP per capita

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24
Q

What is the primary concern regarding the environmental impact of MNCs?

A

They may exploit natural resources and contribute to pollution.

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25
Multiple Choice: Which of the following is NOT a benefit of globalization? A) Increased market access B) Cultural exchange C) Job security D) Lower prices
C) Job security
26
What is the significance of microfinance in economic development?
It provides financial services to individuals who lack access to traditional banking.
27
True or False: Economic development can be measured solely by quantitative indicators.
False
28
Fill in the blank: _____ is the process of integrating economies through trade, investment, and capital flows.
Globalization
29
What is a trade deficit?
A situation where a country's imports exceed its exports.
30
Multiple Choice: Which of the following is a potential positive outcome of globalization? A) Increased poverty B) Economic growth C) Cultural isolation D) Environmental destruction
B) Economic growth
31
What does the term 'sustainable development' mean?
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
32
True or False: Economic inequality can lead to social unrest.
True
33
Fill in the blank: The _____ measures the gap between the richest and poorest in a country.
Gini Index
34
What is the role of technology in economic development?
Technology enhances productivity and innovation, driving economic growth.
35
Multiple Choice: Which of the following is a characteristic of developing countries? A) High literacy rates B) Low GDP per capita C) Advanced infrastructure D) High life expectancy
B) Low GDP per capita
36
What is the impact of tariffs on international trade?
Tariffs increase the cost of imported goods, potentially reducing trade.
37
True or False: Economic development is only concerned with economic factors.
False
38
Fill in the blank: _____ refers to the economic and political policies that promote free trade.
Trade liberalization
39
What is the significance of the World Bank in economic development?
It provides financial and technical assistance to developing countries.
40
Multiple Choice: Which of the following is a consequence of trade protectionism? A) Increased imports B) Higher consumer prices C) Economic growth D) Job creation
B) Higher consumer prices
41
What is the primary goal of economic policy in developing countries?
To reduce poverty and improve living standards.
42
True or False: Economic globalization has no impact on local economies.
False
43
Fill in the blank: The _____ is a measure of the overall economic performance of a country.
GDP
44
What does the term 'fair trade' refer to?
A trading partnership that seeks greater equity in international trade.
45
Multiple Choice: Which of the following is NOT a characteristic of globalization? A) Increased interdependence B) Cultural exchange C) Isolationism D) Global trade
C) Isolationism
46
What are the potential downsides of globalization for local economies?
Job losses, cultural erosion, and increased competition.
47
True or False: The HDI includes measures of education, health, and income.
True
48
Fill in the blank: _____ is the practice of outsourcing production to countries with lower labor costs.
Offshoring
49
What is a primary benefit of trade for developing countries?
Access to larger markets and increased foreign investment.
50
Multiple Choice: Which of the following is a measure of economic inequality? A) GDP B) HDI C) Gini Index D) Inflation Rate
C) Gini Index
51
What is the effect of economic globalization on labor standards?
It can lead to a race to the bottom in labor standards.
52
True or False: Globalization has led to the emergence of a global middle class.
True
53
Fill in the blank: The _____ effect describes the phenomenon where wealth accumulates in the hands of a few.
concentration
54
What is the role of international organizations in economic development?
To provide support, resources, and frameworks for sustainable development.
55
Multiple Choice: Which of the following is a potential benefit of MNCs? A) Exploitation of resources B) Technology transfer C) Labor exploitation D) Environmental damage
B) Technology transfer
56
What does economic resilience refer to?
The ability of an economy to recover from shocks and stresses.
57
True or False: Trade can lead to specialization and increased efficiency.
True
58
Fill in the blank: _____ is a term used to describe the unequal distribution of resources and wealth.
Inequality
59
What is the impact of foreign aid on economic development?
It can provide necessary resources for growth but may also create dependency.
60
Multiple Choice: Which of the following is a challenge faced by developing countries in trade? A) High tariffs B) Access to technology C) Quality of goods D) All of the above
D) All of the above
61
What is the significance of the Sustainable Development Goals (SDGs)?
They provide a framework for addressing global challenges, including poverty and inequality.
62
True or False: Economic development only focuses on quantitative metrics.
False

gcse eduqas geography (2 decks)

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