Take this Quiz: A-Level Economics: Globalisation and Development | Zestly

Question 1

Which of the following factors are primary drivers of the acceleration of globalisation in the late 20th and early 21st centuries?

Accepted Answer

Reduction in international transport and communication costs

Question 2

Which of the following is a key limitation of using GDP per capita as a sole measure of a country's development?

Accepted Answer

It does not reflect income inequality or the quality of life

Question 3

The Human Development Index (HDI) is composed of three specific dimensions. Which of the following are included in the calculation of the HDI?

Accepted Answer

Mean years of schooling

Question 4

What is the primary economic argument against relying on primary product dependency as a development strategy?

Answer

It leads to excessive industrial competition

Answer

It exposes the economy to volatile commodity prices and declining terms of trade

Answer

It causes an immediate appreciation of the domestic currency

Answer

It results in a lack of demand for the country's exports

Question 5

Which of the following describes the 'savings gap' as a barrier to economic development?

Answer

The difference between the actual level of savings and the level required to achieve a target rate of growth

Answer

The inability of the government to collect sufficient tax revenue

Answer

The flight of capital to foreign bank accounts

Answer

The lack of infrastructure to support financial institutions