The Changing Economic World: Geography Year 11 Comprehensive School UK

Question 1

What is a potential negative impact of widening economic inequality?

Accepted Answer

Reduced social mobility

Answer

Increased political stability

Answer

Enhanced economic growth

Answer

Improved environmental sustainability

Question 2

What is 'green growth', and why is it important for sustainable economic development?

Accepted Answer

Green growth is economic growth that aims to reduce environmental harm and promote sustainability.

Answer

Green growth focuses on developing and using renewable energy sources.

Answer

Green growth is an outdated concept that is no longer relevant to sustainable economic development.

Answer

Green growth only benefits developed countries, as they have the resources to invest in environmentally friendly technologies.

Question 3

The global economy faces challenges such as rising inequality, climate change, and populism. Which of the following strategies would effectively address these issues?

Accepted Answer

Investing in education and healthcare to reduce inequality

Answer

Promoting economic growth by lowering tariffs and trade barriers

Answer

Creating jobs through increased government spending on infrastructure projects

Answer

Reducing immigration to protect domestic jobs

Question 4

Which of the following is NOT a primary driver of economic globalization?

Accepted Answer

Cultural homogenization

Answer

Advancements in technology

Answer

Reduced trade barriers

Answer

Increased foreign direct investment

Question 5

The term 'economic development' refers to the:

Accepted Answer

Process of improving the well-being of a nation or region

Answer

Increase in a country's GDP per capita

Answer

Expansion of a country's industrial sector

Answer

Reduction in a country's unemployment rate

Question 6

The North American Free Trade Agreement (NAFTA) is an example of a:

Accepted Answer

Regional economic bloc

Answer

Global economic organization

Answer

Bilateral trade agreement

Answer

Non-governmental development agency

Question 7

The concept of 'sustainable development' emphasizes the need to:

Accepted Answer

Balance economic growth with environmental protection

Answer

Ensure economic development for all

Answer

Prioritize industrialization over environmental concerns

Answer

Reduce government intervention in the economy

Question 8

The term 'outsourcing' refers to the:

Accepted Answer

Contracting work or services to an external company or individual

Answer

Hiring employees from overseas

Answer

Relocating a business to a different country

Answer

Investing in a foreign subsidiary

Question 9

How does foreign direct investment (FDI) contribute to economic development?

Accepted Answer

Only (a) and (b)

Answer

Creates jobs and stimulates economic growth

Answer

Transfers technology and skills

Answer

Improves infrastructure

Question 10

Which of the following is NOT an example of a transnational corporation (TNC)?

Accepted Answer

National Health Service

Answer

Nestlé

Answer

British Petroleum

Answer

Amazon

Question 11

How does the World Bank contribute to global economic development?

Accepted Answer

Only (b) and (c)

Answer

Provides loans and grants to developing countries

Answer

Promotes trade and investment

Answer

Supports poverty reduction initiatives

Question 12

What is the term used to describe countries with high levels of economic development?

Accepted Answer

Developed countries

Answer

Developing countries

Answer

Least developed countries

Answer

Newly industrialized countries

Question 13

Which of the following is an example of a primary industry?

Accepted Answer

Agriculture

Answer

Manufacturing

Answer

Retail

Answer

Tourism

Question 14

What is the term used to describe the cooperation between countries to promote economic growth?

Accepted Answer

Economic integration

Answer

Economic isolationism

Answer

Economic nationalism

Answer

Economic protectionism

Question 15

Identify the international organization dedicated to promoting free trade and economic cooperation among member countries.

Accepted Answer

World Trade Organization

Answer

United Nations

Answer

World Bank

Answer

International Monetary Fund

Question 16

Which feature is characteristic of a command economy?

Accepted Answer

Government control of production and distribution

Answer

Free market forces dictate production and pricing

Answer

Consumers have a wide range of choices

Answer

Profit maximization is the primary economic goal

Question 17

Which term describes the process of increasing economic interconnectedness and interdependence among countries?

Accepted Answer

Globalization

Answer

Internationalization

Answer

Westernization

Answer

Modernization

Question 18

Identify the factor that is NOT a key driver of economic globalization.

Accepted Answer

Promotion of isolationist policies by governments

Answer

Advancements in transportation and communication technologies

Answer

Increased international trade and investment

Answer

The emergence of multinational corporations

Question 19

Identify the characteristic that is NOT typically associated with a developing country.

Accepted Answer

Advanced manufacturing industries

Answer

Low per capita income

Answer

High illiteracy rates

Answer

Large informal sector

Question 20

Which of the following is a comprehensive measure of a country's economic development?

Accepted Answer

Human Development Index (HDI)

Answer

Gross Domestic Product (GDP) per capita

Answer

Life expectancy

Answer

Literacy rate

Question 21

How does globalization influence cultural diversity?

Accepted Answer

It facilitates cultural exchange and diffusion

Answer

It homogenizes cultures around the world.

Answer

It strengthens the preservation of local traditions.

Answer

It has no discernible impact on cultural diversity.

Question 22

What is the primary impact of economic recession on unemployment?

Accepted Answer

Increase in unemployment rates

Answer

Decrease in unemployment rates

Answer

No significant change in unemployment rates

Answer

Creation of new employment opportunities

Question 23

Globalization refers to the process of integrating economies of different nations through:

Accepted Answer

Trade and investment

Answer

Political agreements

Answer

Cultural exchanges

Answer

Technological advancements

Question 24

Which of the following is NOT a potential benefit of globalization?

Accepted Answer

Environmental degradation

Answer

Increased economic growth

Answer

Reduced poverty

Answer

Improved access to goods and services

Question 25

Countries with a high standard of living, advanced infrastructure, and developed technologies are classified as:

Accepted Answer

Developed countries

Answer

Developing countries

Answer

Least developed countries

Answer

Emerging economies

Question 26

Which of the following is not considered a primary driver of globalization?

Accepted Answer

Increased government regulation

Answer

Advances in transportation and communication technology

Answer

Expansion of free trade agreements

Answer

Rise of multinational corporations

Question 27

Which of the following is a common characteristic of less economically developed countries (LEDCs)?

Accepted Answer

Low GDP per capita

Answer

High literacy rates

Answer

Strong infrastructure

Answer

Advanced manufacturing industries

Question 28

What is the term used to describe the process of integrating different national economies into a single, global economy?

Accepted Answer

Globalization

Answer

Interdependence

Answer

Neocolonialism

Answer

Free trade

Question 29

Which of the following is a key factor driving globalization?

Accepted Answer

Advances in communication and transportation technologies

Answer

Increased political cooperation

Answer

Reduced cultural diversity

Answer

Limited availability of natural resources

Question 30

What term describes the process by which a country's economy transitions from low-income to high-income?

Accepted Answer

Economic development

Answer

Economic integration

Answer

Trade liberalization

Answer

Industrialization

Question 31

Which of the following is considered a potential benefit of globalization?

Accepted Answer

Increased economic growth and opportunities

Answer

Reduced cultural preservation

Answer

Widening income inequality

Answer

Environmental damage

Question 32

Which international organization is responsible for promoting free trade and economic cooperation?

Accepted Answer

World Trade Organization

Answer

United Nations

Answer

International Monetary Fund

Answer

World Bank

Question 33

What is the primary role of the International Monetary Fund (IMF)?

Accepted Answer

To promote financial stability worldwide

Answer

To provide financial assistance to developing countries

Answer

To regulate international trade

Answer

To promote human rights

Question 34

Which of the following is a potential challenge of globalization for developing countries?

Accepted Answer

Exacerbated income inequality within societies

Answer

Accelerated economic growth

Answer

Enhanced access to technology and innovation

Answer

Increased political stability and security

Question 35

What is the main difference between economic growth and economic development?

Accepted Answer

Economic growth refers to the increase in the production of goods and services, while economic development includes improvements in well-being, such as education, healthcare, and living standards.

Answer

Economic development only involves industrialization, while economic growth includes all sectors of the economy.

Answer

Economic growth always leads to economic development.

Answer

Economic development is a necessary step before economic growth can occur.

Question 36

What term accurately describes the increasing interconnectedness and dependence among nations?

Accepted Answer

Globalization

Answer

Industrialization

Answer

Urbanization

Answer

Modernization

Question 37

How does entrepreneurship foster innovation in a market economy?

Accepted Answer

Introducing new products and services

Answer

Providing funding for research and development

Answer

Training workers in specialized skills

Answer

Encouraging partnerships between businesses and universities

Question 38

Which of the following is NOT a key driver of economic change?

Accepted Answer

Cultural shifts

Answer

Globalization

Answer

Technological advancements

Answer

Consumer preferences

Question 39

The process by which businesses and economies become more interconnected across borders is what?

Accepted Answer

Globalization

Answer

Economic development

Answer

Industrialization

Answer

Trade liberalization

Question 40

Which of the following is NOT a challenge posed by globalization?

Accepted Answer

Improved access to global markets

Answer

Increased inequality

Answer

Job displacement

Answer

Environmental degradation

Question 41

Which of the following is NOT a common measure of economic development?

Accepted Answer

Population density

Answer

Gross domestic product (GDP)

Answer

Human Development Index (HDI)

Answer

Literacy rate

Question 42

Identify the factor that is NOT a key driver of economic globalization.

Accepted Answer

Strengthening of national borders

Answer

Technological advancements

Answer

Increased trade liberalization

Answer

Growth of multinational corporations

Question 43

Identify a positive impact of economic development on society:

Accepted Answer

Improved healthcare

Answer

Increased pollution

Answer

Rising unemployment

Answer

Depletion of natural resources

Question 44

Define the process where economies specialize in producing and exporting specific goods and services.

Accepted Answer

Comparative advantage

Answer

Economic interdependence

Answer

Free trade

Answer

Protectionism

Question 45

Explain the practice of 'outsourcing':

Accepted Answer

Relocating production to lower-cost locations

Answer

Employing workers from other countries

Answer

Importing goods from foreign markets

Answer

Investing in new technologies

Question 46

Which of the following is NOT a factor contributing to globalization?

Accepted Answer

Government isolation policies

Answer

Technological advancements in transportation and communication

Answer

Reduced trade barriers

Answer

Growing consumer desire for foreign products

Question 47

A characteristic of a developing economy is:

Accepted Answer

Low GDP per capita

Answer

High industrialization levels

Answer

Advanced infrastructure

Answer

High literacy rates

Question 48

Which of the following is a positive impact of technology on the economy?

Accepted Answer

Enhanced productivity

Answer

Increased job automation

Answer

Widening income gap

Answer

Environmental degradation

Question 49

What is the primary function of the World Trade Organization (WTO) in the global economy?

Accepted Answer

To promote free trade

Answer

To regulate international investment

Answer

To provide financial aid to developing countries

Answer

To negotiate environmental agreements

Question 50

Which factor has had the most significant impact on the decline of manufacturing in the UK?

Accepted Answer

Globalization and outsourcing

Answer

Increased automation

Answer

Skilled labor shortages

Answer

High taxation

Question 51

What is the fundamental goal of sustainable economic development?

Accepted Answer

Minimizing environmental impact while maintaining economic growth

Answer

Maximizing economic growth regardless of environmental consequences

Answer

Prioritizing social equality over economic progress

Answer

Ensuring the exclusive use of renewable resources

Question 52

What is the effect of economic sanctions on a targeted country?

Accepted Answer

Reduced foreign investment

Answer

Improved economic growth

Answer

Increased political stability

Answer

Enhanced trade opportunities

Question 53

Which of the following is NOT a primary driver of economic globalization?

Accepted Answer

Cultural barriers

Answer

Technological advances

Answer

Increased consumer demand

Answer

Government regulations

Question 54

What is the primary objective of economic development?

Accepted Answer

To improve the overall well-being and living standards of a population

Answer

To maximize profits for corporations

Answer

To expand military power and influence globally

Answer

To promote cultural homogeneity within a society

Question 55

What is the term used to describe a country that exports more goods and services than it imports?

Accepted Answer

Trade surplus

Answer

Trade deficit

Answer

Balance of trade

Answer

Comparative advantage

Question 56

What is the primary aim of economic development?

Accepted Answer

To enhance the quality of life and well-being of a population

Answer

To reduce poverty and inequality

Answer

To maximize economic growth

Answer

To protect the environment at all costs

Question 57

What term describes the gradual process of countries becoming more economically similar to each other?

Accepted Answer

Economic convergence

Answer

Economic divergence

Answer

Globalization

Answer

Free trade integration

Question 58

Which of the following is NOT a central theme in the study of the changing economic world?

Accepted Answer

The importance of nationalism and protectionism

Answer

The impact of globalization on economic systems

Answer

The challenges and opportunities of economic development

Answer

The role of technological advancements in shaping the economy

Question 59

What is a primary advantage of globalization for developing countries?

Accepted Answer

Increased access to markets and capital

Answer

Reduced poverty and inequality

Answer

Improved infrastructure and education

Answer

Increased environmental sustainability

Question 60

Which characteristic is associated with a post-industrial economy?

Accepted Answer

Both B and C

Answer

Reliance on manufacturing and heavy industry

Answer

Dominance of service and knowledge industries

Answer

High levels of automation and technology

Question 61

Identify the key distinction between the Washington Consensus and the Beijing Consensus in terms of their approach to economic development.

Accepted Answer

The Washington Consensus advocates for private sector-led growth, while the Beijing Consensus emphasizes state intervention.

Answer

The Washington Consensus promotes market liberalization, in contrast to the Beijing Consensus, which advocates for government regulation.

Answer

The Washington Consensus emphasizes foreign aid, while the Beijing Consensus advocates for self-reliance.

Answer

The Washington Consensus prioritizes environmental sustainability, while the Beijing Consensus does not.

Question 62

What is the main purpose of the World Bank?

Accepted Answer

To give financial aid to developing countries

Answer

To make sure countries follow trade rules

Answer

To set interest rates for the world

Question 63

What challenges arise from the growing popularity of e-commerce?

Accepted Answer

Job losses in traditional retail

Accepted Answer

Increased environmental impact due to packaging and shipping

Answer

Improved access to goods and services in remote areas

Answer

Reduced need for physical infrastructure

Question 64

What is a significant challenge resulting from economic inequality?

Accepted Answer

Reduced economic growth

Answer

Increased social cohesion

Answer

Improved environmental sustainability