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Questions and Answers

What does economic development in geography involve?

  • Enhancing the capacity of a country to produce goods and services (correct)
  • Improving the well-being of individuals and communities
  • Investing in technological advancements for the population
  • Preserving and promoting cultural values and traditions

    • Which indicator reflects economic development?

  • Literacy rate
  • GDP per capita (correct)
  • Life expectancy
  • Marriage rates

    • What is the primary focus of social development in geography?

  • Promoting cultural values
  • Boosting technological advancements
  • Improving the well-being of individuals and communities (correct)
  • Enhancing GDP growth

    • How is cultural development related to the overall development process?

    <p>By aligning growth with identity and heritage</p> Signup and view all the answers

    Which aspect of development emphasizes integrating cultural values into growth?

    <p>Cultural development</p> Signup and view all the answers

    What is essential for economic development to occur within a country?

    <p>Investing in human and natural resources</p> Signup and view all the answers

    What does a surplus in the balance of trade indicate?

    <p>The country earns more from exports than it spends on imports.</p> Signup and view all the answers

    What is the primary disadvantage of commodity dependence for poor nations?

    <p>Low value-added and vulnerability to price fluctuations</p> Signup and view all the answers

    What do terms of trade compare?

    <p>Export prices with import prices</p> Signup and view all the answers

    How does fair trade differ from free trade?

    <p>Ensuring producers in developing countries receive fair deals</p> Signup and view all the answers

    What does globalization refer to?

    <p>Increasing interconnectedness and interdependence of world economies</p> Signup and view all the answers

    What is a key challenge posed by globalization?

    <p>Cultural homogenization</p> Signup and view all the answers

    What has been the outcome for countries adopting export-led growth strategies?

    <p>Varied outcomes</p> Signup and view all the answers

    Why is the involvement of women in development considered pivotal?

    <p>Due to their significant contributions across various sectors</p> Signup and view all the answers

    What principle is asserted by the Universal Declaration of Human Rights regarding gender?

    <p>Equal rights irrespective of gender</p> Signup and view all the answers

    What was recognized as important in the 2010 Cancun agreements regarding climate change action?

    <p>Gender equality and women's participation</p> Signup and view all the answers

    What distinguishes bilateral aid from multilateral aid?

    <p>Multilateral aid is distributed by large international organizations.</p> Signup and view all the answers

    Which type of aid comes with specific performance requirements for the recipient to meet?

    <p>Conditional Aid</p> Signup and view all the answers

    What is a potential negative outcome of ineffective aid?

    <p>Creates a debt burden</p> Signup and view all the answers

    Which country is mentioned as an example where aid has played a crucial role in development success?

    <p>Botswana</p> Signup and view all the answers

    What geographical skill is crucial for planning and evaluating development projects?

    <p>Mapwork Skills</p> Signup and view all the answers

    Which sector does NGO Assistance primarily focus on?

    <p>Small-scale, self-help projects</p> Signup and view all the answers

    What are the primary economic activities focused on?

    <p>Extraction of natural resources like agriculture and mining</p> Signup and view all the answers

    Which sector in the economy focuses on processing raw materials into finished products?

    <p>Secondary Economic Activities</p> Signup and view all the answers

    What does quality of life encompass beyond material wealth?

    <p>Overall well-being including health and education</p> Signup and view all the answers

    What does sustainable development emphasize?

    <p>Meeting present needs without compromising future generations' ability to meet their own needs</p> Signup and view all the answers

    Which type of economic activities involve service industries that do not produce tangible goods?

    <p>Tertiary Economic Activities</p> Signup and view all the answers

    What are the Millennium Development Goals (MDGs) aimed at?

    <p>Addressing poverty, improving health, and enhancing quality of life worldwide by 2015</p> Signup and view all the answers

    Which sector involves decision-making processes that shape the overall direction of development?

    <p>Quinary Economic Activities</p> Signup and view all the answers

    'Standard of Living' is often measured by which of the following?

    <p>$Consumer$ goods ownership and financial security</p> Signup and view all the answers

    What role does geography play in development according to the text?

    <p>Influenced by factors such as climate and availability of resources</p> Signup and view all the answers

    Why can rapid population growth hinder development?

    <p>Increases demand on limited resources</p> Signup and view all the answers

    Which model emphasizes sustainable development for meeting current needs without compromising future generations?

    <p>Sustainability Model</p> Signup and view all the answers

    What is a key aspect of Rural and Urban Community-Based Development discussed in the text?

    <p>Alleviating poverty through community-driven projects</p> Signup and view all the answers

    What drives countries to engage in international trade according to the text?

    <p>'Uneven distribution of resources across the planet'</p> Signup and view all the answers

    Which factor heavily influences a country's economic prosperity and development?

    <p>'International trade'</p> Signup and view all the answers

    Why is the Rostow Model criticized according to the text?

    <p>'Lack of rapid industrialization'</p> Signup and view all the answers

    'Energy transition from fossil fuels to more efficient sources is crucial but challenging' is stated in the text. Why is this transition challenging?

    <p>'Challenging due to transition complexities'</p> Signup and view all the answers

    'War, corruption, and incompetence in governance can significantly hinder a country's development path' - What do these factors create according to the text?

    <p>'Instability and inefficiency'</p> Signup and view all the answers

    What is the implication of countries exporting low-value raw materials and importing high-value manufactured goods according to the text?

    <p>It exacerbates economic disparities.</p> Signup and view all the answers

    What is the primary goal of development aid?

    <p>Fostering economic, environmental, social, and political development</p> Signup and view all the answers

    In the context of development aid, what hinders the growth of Third World nations?

    <p>Financial resource scarcity</p> Signup and view all the answers

    What is the role of state-owned enterprises like Eskom in economic development?

    <p>Providing necessary infrastructure for development</p> Signup and view all the answers

    Why is addressing gender disparities fundamental for sustainable development?

    <p>To ensure social equity</p> Signup and view all the answers

    Which group plays a vital role in driving economic development in South Africa?

    <p>Businesses and individuals</p> Signup and view all the answers

    What are the main environmental challenges posed by the expansion of the world's population and economic development?

    <p>Overexploitation of resources and habitat loss</p> Signup and view all the answers

    Why is sustainable environmental management essential in combating pollution?

    <p>To prevent adverse effects on health and ecosystems</p> Signup and view all the answers

    What makes women central to the rural economy in sub-Saharan Africa?

    <p>Primarily responsible for food production</p> Signup and view all the answers

    What does economic development in geography primarily focus on?

    <p>Enhancing a country's capacity to produce goods and services</p> Signup and view all the answers

    How is social development different from cultural development in the context of country progress?

    <p>Cultural development aligns growth with heritage, while social development concentrates on community welfare.</p> Signup and view all the answers

    Which economic indicators reflect a country's economic development according to the text?

    <p>GDP, GNP, and PPP</p> Signup and view all the answers

    How does cultural development contribute to the overall progress of a country?

    <p>By aligning growth with the identity and heritage of the population</p> Signup and view all the answers

    Which aspect of development emphasizes the well-being of individuals and communities?

    <p>Social Development</p> Signup and view all the answers

    What signifies progress in cultural development according to the text?

    <p>Integration of cultural values into the development process</p> Signup and view all the answers

    What is the primary disadvantage of commodity dependence for poor nations?

    <p>Exposure to vulnerability due to price fluctuations</p> Signup and view all the answers

    What is the significance of the Universal Declaration of Human Rights regarding women's rights?

    <p>It advocates for equal rights regardless of gender</p> Signup and view all the answers

    In terms of international trade, what do governments impose to protect domestic industries?

    <p>Tariffs, quotas, and trade barriers</p> Signup and view all the answers

    Which group plays a crucial role in managing natural resources in developing countries but is often overlooked in climate change discussions?

    <p>Women</p> Signup and view all the answers

    What does free trade mainly emphasize in the exchange of goods and services?

    <p>Unrestricted trading practices</p> Signup and view all the answers

    What is the comparison made in terms of the balance of trade?

    <p>Comparison between exports and imports</p> Signup and view all the answers

    Why are education levels crucial in enhancing women's employment opportunities?

    <p>To foster gender equality</p> Signup and view all the answers

    What is the main emphasis of fair trade in ensuring equitable transactions?

    <p>Promoting transparent and ethical transactions</p> Signup and view all the answers

    Why do some countries adopting export-led growth strategies experience varying degrees of success according to the text?

    <p>Because of unequal access to global markets</p> Signup and view all the answers

    What is the primary focus when considering South-South trade dynamics in international commerce?

    <p>Promoting economic exchanges between developing nations</p> Signup and view all the answers

    What is the primary focus of social development in fostering a more equitable society?

    <p>Improving the standard of living</p> Signup and view all the answers

    Which sector encompasses service industries that support manufacturing and other services like banking and transport?

    <p>Secondary Economic Activities</p> Signup and view all the answers

    What does Sustainable Development emphasize regarding future generations?

    <p>Meeting the needs without compromising their ability to meet their own needs</p> Signup and view all the answers

    Which economic sector involves high-level decision-making processes shaping the overall development direction?

    <p>Quaternary Economic Activities</p> Signup and view all the answers

    What was the goal of the Millennium Development Goals (MDGs) initiative globally?

    <p>Enhancing quality of life worldwide</p> Signup and view all the answers

    What is the primary focus of Quinary Economic Activities in an economy?

    <p>High-level decision-making processes</p> Signup and view all the answers

    What is a key characteristic of the Core and Periphery Model?

    <p>It shows economic activity diminishing from core to peripheral regions</p> Signup and view all the answers

    Which aspect is essential to consider for fostering growth and development across various socio-economic landscapes?

    <p>Distribution of the workforce</p> Signup and view all the answers

    What does Quality of Life encompass beyond material wealth?

    <p>Overall well-being including health, education, freedom, and environment</p> Signup and view all the answers

    Why can unstable governments hinder a country's development?

    <p>By creating instability and inefficiency</p> Signup and view all the answers

    How does international trade impact the economic prosperity of countries?

    <p>By influencing economic prosperity and development</p> Signup and view all the answers

    How does Technological Development significantly contribute to a country's growth?

    <p>By enhancing communication and services efficiency</p> Signup and view all the answers

    Which sector directly improves the standard of living through processing raw materials into finished products?

    <p>Secondary Economic Activities</p> Signup and view all the answers

    What is a primary challenge faced by developing countries in the transition to more efficient energy sources?

    <p>Difficulty in adopting new technologies</p> Signup and view all the answers

    Why is market access crucial for resilient community development?

    <p>To increase access to markets and enhance development</p> Signup and view all the answers

    What is a significant impact of rapid population growth on resource availability?

    <p>Higher demand on limited resources</p> Signup and view all the answers

    How does the Rostow Model differ from the Sustainability Model in terms of development pathways?

    <p>Rostow Model proposes a universal pathway, while Sustainability Model focuses on meeting current needs sustainably</p> Signup and view all the answers

    'The unfair nature of international trade often sees poorer countries exporting low-value raw materials.' What does this practice lead to?

    <p>Increased economic disparities</p> Signup and view all the answers

    'Environmental degradation impacts agricultural and fishing productivity.' How does this cycle perpetuate underdevelopment?

    <p>'Rostow' model accelerates underdevelopment through it</p> Signup and view all the answers

    What distinguishes NGO Assistance from Multilateral Aid?

    <p>NGO Assistance emphasizes small-scale, self-help projects, while Multilateral Aid focuses on broader, global initiatives.</p> Signup and view all the answers

    What is a common challenge posed by Ineffective Aid according to the text?

    <p>Often fails to reach the poorest segments</p> Signup and view all the answers

    Which geographical skill is essential for gathering local data and engaging with communities directly affected by development projects?

    <p>Use of Atlases and Fieldwork</p> Signup and view all the answers

    Why can aid sometimes undermine local markets and empower ruling classes according to the text?

    <p>Due to conditions tied to aid limiting local autonomy</p> Signup and view all the answers

    What makes bilateral aid different from conditional aid?

    <p>Bilateral aid has no specific requirements for the recipient, while Conditional aid comes with performance conditions.</p> Signup and view all the answers

    Why is geographical expertise crucial in planning and implementing effective development aid?

    <p>To craft sustainable and tailored solutions for each developing country</p> Signup and view all the answers

    What is the primary goal of development aid?

    <p>Promoting long-term development in Third World nations</p> Signup and view all the answers

    What is a common criticism of development aid mentioned in the text?

    <p>It perpetuates dependency on external assistance.</p> Signup and view all the answers

    What type of challenges has sustained growth often eluded recipient countries?

    <p>Dependency challenges</p> Signup and view all the answers

    What does development aid aim to stimulate in Less Economically Developed Countries (LEDCs)?

    <p>Long-term development</p> Signup and view all the answers

    What principle is development aid based on according to the text?

    <p>Financial resource scarcity in Third World nations</p> Signup and view all the answers

    What aspect does development aid primarily aim to address?

    <p>Long-term development challenges</p> Signup and view all the answers

    Why have recipient nations of development aid been criticized for perpetuating dependency?

    <p>For relying on external assistance instead of finding internal solutions</p> Signup and view all the answers

    What are the main principles that guide development aid?

    <p>&quot;Stimulating long-term development in Third World nations&quot;</p> Signup and view all the answers

    What makes the sustained growth of recipient countries challenging as mentioned in the text?

    <p>Heavy reliance on external aid leading to dependency</p> Signup and view all the answers

    Why is it challenging for recipient nations to cultivate internal solutions for development challenges?

    <p>Dependency created by external assistance</p> Signup and view all the answers

    What do the economic indicators like GDP, GNP, and PPP reflect in a country?

    <p>Economic Development</p> Signup and view all the answers

    In the context of development geography, cultural development ensures that growth is aligned with the ____________ of the population.

    <p>Identity and heritage</p> Signup and view all the answers

    Which aspect of development focuses on improving the well-being of individuals and communities?

    <p>Social Development</p> Signup and view all the answers

    What is the primary goal of economic development in geography?

    <p>Increasing a country's wealth</p> Signup and view all the answers

    How does development geography define development in terms of countries' unique characteristics?

    <p>Varies based on cultural values and resources</p> Signup and view all the answers

    Which dimension is not mentioned as essential for understanding the concept of development in geography?

    <p>Political</p> Signup and view all the answers

    What key aspect of international trade is highlighted in the text?

    <p>Exchanging goods and services between countries</p> Signup and view all the answers

    How does rapid population growth impact development according to the text?

    <p>Increases demand on limited resources</p> Signup and view all the answers

    Why are developing countries facing challenges in transitioning to more efficient energy sources?

    <p>Transition costs are high</p> Signup and view all the answers

    What key factor hinders a country's development path by creating instability and inefficiency?

    <p>War, corruption, and incompetence in governance</p> Signup and view all the answers

    Which model proposes five stages of economic growth as a pathway to development but faces criticism for its lack of applicability to all countries?

    <p>Rostow Model</p> Signup and view all the answers

    What is the primary focus of community-driven projects discussed in the text?

    <p>Building local economies</p> Signup and view all the answers

    What is emphasized as essential for long-term economic development and community empowerment?

    <p>'Capacity Building'</p> Signup and view all the answers

    'Environmental Degradation' perpetuates underdevelopment by impacting what aspects of productivity?

    <p>'Fishing' productivity</p> Signup and view all the answers

    What does the Core and Periphery Model highlight in terms of economic growth and development?

    <p>Diminishing economic activity from core to peripheral regions</p> Signup and view all the answers

    What is the primary role of international trade in countries' economic activities according to the text?

    <p>Influencing economic prosperity and development</p> Signup and view all the answers

    What does sustainable development emphasize regarding future generations?

    <p>Meeting the needs of the present without compromising the ability of future generations to meet their own needs</p> Signup and view all the answers

    What is the primary focus of quaternary economic activities?

    <p>Research and development for innovation</p> Signup and view all the answers

    Why do less economically developed countries (LEDCs) often have a significant portion of their population in primary economic activities?

    <p>As a result of limited opportunities in other economic sectors</p> Signup and view all the answers

    What is the key difference between quality of life and standard of living?

    <p>Quality of life focuses on material wealth, while standard of living encompasses overall well-being.</p> Signup and view all the answers

    Which type of economic activities involve service industries that do not produce tangible goods?

    <p>Tertiary economic activities</p> Signup and view all the answers

    What aspect does the development continuum concept acknowledge?

    <p>Countries develop at different rates and in various ways</p> Signup and view all the answers

    Why is technological development crucial for a country's growth?

    <p>To enhance communication and resource efficiency</p> Signup and view all the answers

    What does a deficit in the balance of trade indicate for a country?

    <p>The country spends more on imports than it earns from exports</p> Signup and view all the answers

    How do governments protect domestic industries in international trade?

    <p>By imposing tariffs and quotas</p> Signup and view all the answers

    What impact does commodity dependence have on many of the world's poorest nations?

    <p>It often results in low value-added products</p> Signup and view all the answers

    What is the primary difference between free trade and fair trade?

    <p>Free trade advocates for no restrictions, fair trade ensures equitable treatment for producers</p> Signup and view all the answers

    What characterizes the process of globalization in the context of trade?

    <p>Enhanced interconnection and interdependence of world economies</p> Signup and view all the answers

    Why is education considered a critical barrier to women's advancement in employment?

    <p>There is a gender gap in literacy rates affecting opportunities</p> Signup and view all the answers

    What is essential for leveraging the full potential of women in development processes?

    <p>Gender analysis and understanding power dynamics</p> Signup and view all the answers

    Why are women often excluded from political decision-making according to the text?

    <p><strong>There is persistent gender discrimination</strong></p> Signup and view all the answers

    Why are women's contributions and needs frequently overlooked in climate change discussions?

    <p>There is a lack of recognition regarding women's roles in managing natural resources</p> Signup and view all the answers

    What did the 2010 Cancun agreements acknowledge regarding gender equality and climate change?

    <p>The importance of women's participation in all climate change actions</p> Signup and view all the answers

    What is the primary goal of development aid?

    <p>Fostering long-term economic growth in LEDCs</p> Signup and view all the answers

    What distinguishes NGO Assistance from bilateral aid, multilateral aid, and conditional aid?

    <p>Emphasizes small-scale, self-help projects</p> Signup and view all the answers

    Which principle does development aid operate on according to the text?

    <p>Fostering long-term development in LEDCs</p> Signup and view all the answers

    Why can conditions tied to aid sometimes limit local autonomy and empower ruling classes?

    <p>By prioritizing donor interests over local needs</p> Signup and view all the answers

    What is a common challenge associated with development aid?

    <p>Promoting dependency on external assistance</p> Signup and view all the answers

    How does effective aid contribute to skill and technical knowledge development?

    <p>By providing training opportunities and capacity building</p> Signup and view all the answers

    Why is sustained growth often elusive for recipient countries despite international aid efforts?

    <p>Heavy reliance on external assistance leading to dependency</p> Signup and view all the answers

    In what way can ineffective aid create a debt burden for recipient countries?

    <p>By providing aid in the form of loans</p> Signup and view all the answers

    What aspect does development aid aim to address primarily?

    <p>Stimulating long-term development in LEDCs</p> Signup and view all the answers

    What is a potential drawback of multilateral aid from large international organizations?

    <p>Limited reach to the intended beneficiaries</p> Signup and view all the answers

    What is a major criticism of development aid based on the text?

    <p>Perpetuating dependency on external assistance</p> Signup and view all the answers

    How do Geographical Information Systems (GIS) facilitate development planning?

    <p>By aiding in the analysis and management of spatial data</p> Signup and view all the answers

    Why do some critics argue against the effectiveness of development aid?

    <p>It fosters dependency on external assistance</p> Signup and view all the answers

    In what way has development aid impacted recipient nations negatively according to critics?

    <p>By fostering continued dependency</p> Signup and view all the answers

    What does economic development in geography involve?

    <p>Directly reflecting in GDP and GNP indicators</p> Signup and view all the answers

    Why is understanding the concept of development in geography considered multifaceted?

    <p>As it varies significantly based on unique needs and resources of each country</p> Signup and view all the answers

    Which aspect is NOT included in the dimensions crucial for understanding development in geography?

    <p>Political</p> Signup and view all the answers

    What is a key indicator used to reflect economic development in a country?

    <p>Gross Domestic Product (GDP)</p> Signup and view all the answers

    How does cultural development contribute to the overall progress of a country in terms of development?

    <p>By ensuring that growth aligns with the population's identity and heritage</p> Signup and view all the answers

    What does social development in geography primarily focus on improving?

    <p>Well-being of individuals and communities</p> Signup and view all the answers

    What is the primary focus of the Core and Periphery Model discussed in the text?

    <p>Highlighting economic disparities between different regions</p> Signup and view all the answers

    Why can rapid population growth hinder a country's development according to the text?

    <p>Increases the demand on limited resources</p> Signup and view all the answers

    What is a major challenge for developing countries transitioning from fossil fuels to more efficient energy sources?

    <p>Climate change adaptation</p> Signup and view all the answers

    Why does the unfair nature of international trade exacerbate economic disparities?

    <p>By exporting low-value raw materials from poorer countries</p> Signup and view all the answers

    How does unstable governance hinder a country's development path?

    <p>Through fostering corruption and incompetence in governance</p> Signup and view all the answers

    In what way does the Rostow Model face criticism according to the text?

    <p>For its applicability to all countries experiencing rapid industrialization</p> Signup and view all the answers

    What is the primary goal of community-driven projects discussed in the text?

    <p>Building local economies and alleviating poverty</p> Signup and view all the answers

    How does environmental degradation perpetuate underdevelopment according to the text?

    <p>By impacting productivity in key sectors like agriculture and fishing</p> Signup and view all the answers

    What is emphasized as essential for long-term economic development and community empowerment?

    <p>Capacity Building</p> Signup and view all the answers

    Why do countries engage in international trade according to the text?

    <p>To import what they lack and export surplus or goods they produce efficiently or of better quality.</p> Signup and view all the answers

    What distinguishes primary economic activities from secondary economic activities?

    <p>Extraction of natural resources</p> Signup and view all the answers

    How does the quality of life differ from the standard of living?

    <p>Overall well-being measurement</p> Signup and view all the answers

    What is the primary goal of sustainable development?

    <p>Ensuring long-term sustainability</p> Signup and view all the answers

    Why do less economically developed countries have a higher concentration in primary economic activities?

    <p>Limited resources for manufacturing</p> Signup and view all the answers

    How do quaternary economic activities differ from tertiary economic activities?

    <p>Involvement in research and development</p> Signup and view all the answers

    'Technological advancements contribute significantly to a country's growth' - How does this contribution manifest?

    <p>Improving communication efficiency</p> Signup and view all the answers

    'Development remains unequal with disparities in economic success' - What is a key implication of this inequality?

    <p>Unequal distribution of resources</p> Signup and view all the answers

    'Countries develop at different rates' - What concept challenges the idea of a uniform development approach?

    <p>'Development continuum' concept</p> Signup and view all the answers

    What geographical skills are crucial for planning and evaluating development projects?

    <p>Mapwork Skills</p> Signup and view all the answers

    'Social development aims to provide an equitable society' - How does social development contribute to overall development?

    <p>'Ensuring equal opportunities for all'</p> Signup and view all the answers

    Which type of aid is delivered by non-governmental organizations focusing on small-scale self-help projects?

    <p>NGO Assistance</p> Signup and view all the answers

    What is the primary focus of tertiary economic activities?

    <p>Innovation and product development</p> Signup and view all the answers

    What is a common challenge associated with development aid according to the text?

    <p>Limiting local autonomy through conditions</p> Signup and view all the answers

    Which tool provides detailed insights into geographical challenges and opportunities for development projects?

    <p>Aerial Photographs and Orthophoto Maps</p> Signup and view all the answers

    What is a notable outcome of aid according to the text?

    <p>Success stories in countries like Botswana and Korea</p> Signup and view all the answers

    'What role does geography play in development?' - Which of the following statements best answers this?

    <p>Geography is crucial for crafting sustainable and tailored solutions</p> Signup and view all the answers

    What is the primary goal of development aid?

    <p>Stimulating long-term development in LEDCs</p> Signup and view all the answers

    What principle does development aid operate on based on the text?

    <p>Financial resource scarcity hindering growth</p> Signup and view all the answers

    Why has sustained growth often eluded recipient countries despite international efforts?

    <p>Perpetuation of dependency by development aid</p> Signup and view all the answers

    What is a common challenge associated with development aid?

    <p>Fostering dependency</p> Signup and view all the answers

    What is the primary focus of fair trade in ensuring equitable transactions?

    <p>Ensuring equitable transactions benefiting producers</p> Signup and view all the answers

    What is the primary role of women in development as discussed in the text?

    <p>Addressing global challenges like climate change</p> Signup and view all the answers

    How do trade barriers impact international trade dynamics, according to the text?

    <p>Restricting the free flow of goods and services</p> Signup and view all the answers

    What is the significance of the 2010 Cancun agreements in relation to gender equality and climate change?

    <p>Acknowledging women's pivotal role in addressing climate change</p> Signup and view all the answers

    What does the concept of 'Terms of Trade' primarily compare in international economics?

    <p>Export prices vs. import prices</p> Signup and view all the answers

    How does globalization impact economic dynamics according to the text?

    <p>Facilitates advancement in communication and transportation</p> Signup and view all the answers

    What is the primary disadvantage of commodity dependence for many developing countries?

    <p>Vulnerability to price fluctuations</p> Signup and view all the answers

    What is the main focus of fair trade in international commerce?

    <p>Promoting equitable transactions for producers in developing countries</p> Signup and view all the answers

    How does education impact women's employment opportunities according to the text?

    <p>Positively influences women's advancement and job prospects</p> Signup and view all the answers

    In international trade, what does a surplus in balance of trade indicate?

    <p>A surplus indicating that a country earns more from exports than it spends on imports.</p> Signup and view all the answers

    What is a common challenge faced by countries adopting export-led growth strategies?

    <p>Varied outcomes based on their economic strategies.</p> Signup and view all the answers

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