terms test 2

5 Written Questions

1. the core concepts of this liberal economic viewpoint include supply and demand, free trade, and laissez-faire government
2. states that have primarily agriculture-based economies and low wealth production, as reflected in macroeconomic data, are considered to be in the developing world
3. areas that are publicly owned and open for general use
4. poisons in the environment that cause sickness or death to people, animals, or plants
5. thinning of the ozone level in the lower stratosphere, especially in the outer-most areas of the world near the poles, is refereed to as ozone depletion

5 Matching Questions

1. basic-needs strategies
2. Private investment
3. free trade
4. Dual economy
5. dependency

1. a designed to enable a preponderant percentage of the population to have life's essentials; that is, adequate shelter, food, clothing, and medical care
2. b financial and physical capital provided by multinational corporations in the states in which they operate
3. c government policy eliminates all restrictions on imports and exports, including tariffs, which are taxes charged by governments on specific categories of goods, and other regulations, such as quotas and inspections
4. d unequal relationship between the industrialized and developing worlds results from their economic interactions
5. e many developing countries have a small, dominant elite comprising people who live the consumer lifestyle typical of industrial societies and a large majority of the population who live in poverty

5 Multiple Choice Questions

1. denotes a small but regular and significant increase in the temperature of the earth
   1. Development
   2. specialization
   3. acid rain
   4. global warming
2. the educated, healthy, skilled population with able leadership necessary for self sustaining economic development
   1. Human Capital
   2. malnutrition
   3. Physical Capital
   4. Financial Capital
3. grown or mined and sold in their unprocessed condition, such as tea leaves, cotton balls, coffee beans, and bauxite ore
   1. market economies
   2. Cash crops/ primary commodities
   3. carrying capacity
   4. labor-intensive technologies
4. rapid destruction of forests, especially tropical forests, which leads to atmospheric and soil degradation
   1. desertification
   2. extinctions
   3. deforestation
   4. BRIC states
5. this un agency is assigned the task of monitoring the world's environment
   1. transnational corporations (TNCs)
   2. new international economic order (nieo)
   3. Gross national income (GNI)
   4. United Nations Environment Program (UNEP)

5 True/False Questions

1. malnutrition → sulfur dioxide in smoke chemically reacts with the water in the atmosphere to create sulfuric acid

   True        False

2. World Health Organization (WHO) → when states specialize, they emphasize producing an trading those products in which they have a comparative advantage

   True        False

3. carrying capacity → the number of people who can be supported indefinitely in a given environment with a given technology and culture

   True        False

4. subsidies → Brazil, Russia, India, and China have become influential because of their substantial industrial sectors and large populations

   True        False

5. Multilateral aid → official aid from another country's government

   True        False