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Factors Affecting Economic Development

Description: This quiz is designed to test your knowledge about the factors that influence economic development.
Number of Questions: 15
Created by:
Tags: economic development factors affecting economic development
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Which of the following is NOT a factor that contributes to economic development?

  1. Natural resources

  2. Human capital

  3. Physical capital

  4. Government policies

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Correct Option: A
Explanation:

Natural resources are not a direct factor of economic development, but rather an input that can be used to generate economic growth.

Which of the following is NOT a type of human capital?

  1. Education

  2. Health

  3. Skills

  4. Experience

Show answer
Correct Option: D
Explanation:

Experience is not a type of human capital, but rather a result of human capital investment.

Which of the following is NOT a type of physical capital?

  1. Machinery

  2. Equipment

  3. Buildings

  4. Infrastructure

Show answer
Correct Option: D
Explanation:

Infrastructure is not a type of physical capital, but rather a result of physical capital investment.

Which of the following government policies is NOT conducive to economic development?

  1. Free trade

  2. Investment in education

  3. Taxation

  4. Regulation

Show answer
Correct Option: C
Explanation:

Taxation is not necessarily conducive to economic development, as it can discourage investment and entrepreneurship.

Which of the following is NOT a factor that affects the rate of economic growth?

  1. Population growth

  2. Technological progress

  3. Capital accumulation

  4. Government policies

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Correct Option: A
Explanation:

Population growth is not a direct factor of economic growth, but rather an input that can be used to generate economic growth.

Which of the following is NOT a type of technological progress?

  1. New products

  2. New processes

  3. New materials

  4. New knowledge

Show answer
Correct Option: D
Explanation:

New knowledge is not a type of technological progress, but rather a result of technological progress.

Which of the following is NOT a type of capital accumulation?

  1. Investment in physical capital

  2. Investment in human capital

  3. Saving

  4. Wealth

Show answer
Correct Option: D
Explanation:

Wealth is not a type of capital accumulation, but rather a result of capital accumulation.

Which of the following is NOT a type of government policy that can affect economic growth?

  1. Monetary policy

  2. Fiscal policy

  3. Trade policy

  4. Industrial policy

Show answer
Correct Option: D
Explanation:

Industrial policy is not a type of government policy that can directly affect economic growth, but rather a policy that can be used to promote specific industries.

Which of the following is NOT a factor that affects the distribution of income?

  1. Education

  2. Skills

  3. Experience

  4. Wealth

Show answer
Correct Option: D
Explanation:

Wealth is not a direct factor of income distribution, but rather a result of income distribution.

Which of the following is NOT a type of inequality?

  1. Income inequality

  2. Wealth inequality

  3. Educational inequality

  4. Health inequality

Show answer
Correct Option: C
Explanation:

Educational inequality is not a type of inequality, but rather a factor that can contribute to inequality.

Which of the following is NOT a type of poverty?

  1. Absolute poverty

  2. Relative poverty

  3. Situational poverty

  4. Chronic poverty

Show answer
Correct Option: C
Explanation:

Situational poverty is not a type of poverty, but rather a factor that can contribute to poverty.

Which of the following is NOT a type of social safety net?

  1. Unemployment insurance

  2. Welfare

  3. Social security

  4. Food stamps

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Correct Option: D
Explanation:

Food stamps are not a type of social safety net, but rather a type of government assistance program.

Which of the following is NOT a type of economic development strategy?

  1. Export-led growth

  2. Import-substitution industrialization

  3. Balanced growth

  4. Sustainable development

Show answer
Correct Option: D
Explanation:

Sustainable development is not a type of economic development strategy, but rather a goal of economic development.

Which of the following is NOT a type of economic development indicator?

  1. Gross domestic product (GDP)

  2. Gross national product (GNP)

  3. Human Development Index (HDI)

  4. Purchasing power parity (PPP)

Show answer
Correct Option: D
Explanation:

Purchasing power parity (PPP) is not a type of economic development indicator, but rather a measure of the relative value of currencies.

Which of the following is NOT a type of economic development challenge?

  1. Poverty

  2. Inequality

  3. Unemployment

  4. Environmental degradation

Show answer
Correct Option: D
Explanation:

Environmental degradation is not a type of economic development challenge, but rather a result of economic development.

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