- 1. Economic geography is the study of the spatial distribution and organization of economic activities across the world. It examines how resources, people, and goods are distributed, interconnected, and impact the economic development of regions. This field explores the factors that shape the location of industries, trade patterns, transportation networks, and the uneven distribution of wealth and development. By analyzing the spatial patterns of economic activity, economic geographers can understand the social, cultural, and environmental impacts of economic processes on different regions.
What is economic geography?
A) Study of the location, distribution, and spatial organization of economic activities
B) Study of ancient economic systems
C) Study of physical features of the Earth
D) Study of human population growth
- 2. Which economic concept refers to the total monetary value of all goods and services produced within a country's borders in a specific time period?
A) Inflation
B) Supply and demand
C) Gross Domestic Product (GDP)
D) Consumer Price Index (CPI)
- 3. What is the term for the trading of goods and services without the use of money?
A) Subsidy
B) Tariff
C) Monopoly
D) Barter
- 4. Which type of economy is characterized by the government owning most resources and making most economic decisions?
A) Mixed economy
B) Market economy
C) Command economy
D) Traditional economy
- 5. What is the term for the percentage of people who can read and write in a given area?
A) Gini coefficient
B) Human development index
C) Income inequality
D) Literacy rate
- 6. What is the term for the movement of people from rural areas to urban areas in search of better opportunities?
A) Urbanization
B) Colonization
C) Rural flight
D) Suburbanization
- 7. What is the term for restrictions placed on the amount of goods that can be imported into a country?
A) Tariffs
B) Subsidies
C) Embargoes
D) Quotas
- 8. What is the term for the reduction or elimination of government power in a particular industry, usually through privatization?
A) Deregulation
B) Taxation
C) Subsidization
D) Nationalization
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