Economics and Society: Global Issues Quiz

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Questions and Answers

What is one major factor contributing to economic disparity according to economists?

  • Foreign tourism
  • Overpopulation
  • Counterproductive lending and development (correct)
  • Rapid globalization

Approximately how many children globally are unable to access education?

  • Over 70 million (correct)
  • Over 150 million
  • Over 100 million
  • Over 50 million

What percentage of the world's population lacks access to clean freshwater?

  • 40% (correct)
  • 50%
  • 60%
  • 30%

Which of the following issues affects over 150 million children worldwide?

<p>Child labor (D)</p> Signup and view all the answers

What is estimated to be the future number of people facing water scarcity issues by 2025?

<p>1.8 billion (C)</p> Signup and view all the answers

What does life expectancy primarily measure?

<p>The number of years a person can expect to live. (C)</p> Signup and view all the answers

Which of the following are examples of natural resources?

<p>Soil and air (D)</p> Signup and view all the answers

Which factor does NOT directly influence life expectancy?

<p>Educational attainment (D)</p> Signup and view all the answers

How has technology impacted the use of resources?

<p>Technology allows tracking of resource usage and its impact. (A)</p> Signup and view all the answers

What is the definition of doubling time in population studies?

<p>The duration required for a population to double in size at a constant growth rate. (D)</p> Signup and view all the answers

Which statement best describes a resource?

<p>It is something consumed or utilized by humans. (B)</p> Signup and view all the answers

What does GDP per capita indicate?

<p>The average economic output per person in a country. (B)</p> Signup and view all the answers

Which of the following best describes the term 'poverty rate'?

<p>The proportion of people living below the poverty line. (B)</p> Signup and view all the answers

Which of the following societal differences concerning technology is mentioned?

<p>Some societies embrace technology more than others. (D)</p> Signup and view all the answers

Why is there concern regarding the reliance on gas and oil?

<p>Their consumption significantly pollutes the earth. (C)</p> Signup and view all the answers

What is a consequence of gender inequality in society?

<p>Inequal access to education and political participation (C)</p> Signup and view all the answers

Which of the following diseases is NOT listed as a priority by the World Health Organization?

<p>Hepatitis (A)</p> Signup and view all the answers

What major environmental threat is caused by climate change?

<p>Rising sea levels (C)</p> Signup and view all the answers

Why are developing nations at greater risk from environmental hazards?

<p>They lack proper disposal methods for hazardous waste (A)</p> Signup and view all the answers

What does desertification primarily affect in developing countries?

<p>Agricultural productivity (D)</p> Signup and view all the answers

What is one primary reason countries engage in international trade?

<p>To gain a resource advantage through specialization (C)</p> Signup and view all the answers

Which of the following is a product that Canada exports?

<p>Lumber (A)</p> Signup and view all the answers

What role does the World Trade Organization (WTO) play in the global economy?

<p>It establishes global trade rules and resolves disputes (B)</p> Signup and view all the answers

Why might a country choose to import certain goods?

<p>Due to limitations in domestic production (D)</p> Signup and view all the answers

Which of the following commodities is NOT imported by Canada?

<p>Maple syrup (C)</p> Signup and view all the answers

What is the primary function of an economy?

<p>To allocate resources to meet people's needs and wants (B)</p> Signup and view all the answers

Which of the following best distinguishes a good from a service?

<p>A good is a physical item, while a service is intangible (A)</p> Signup and view all the answers

What term describes when one country sells a product to another country?

<p>Export (C)</p> Signup and view all the answers

In the context of an economy, what do the terms 'import' and 'export' refer to?

<p>The buying and selling of goods between countries (B)</p> Signup and view all the answers

Which of the following statements about goods and services is true?

<p>Both goods and services are essential for fulfilling customer needs and wants (D)</p> Signup and view all the answers

Flashcards

Life Expectancy

The average number of years a person is expected to live.

Doubling Time

The time it takes for a population to double in size, assuming a constant growth rate.

Gross Domestic Product (GDP)

The total value of all goods and services produced in a country within a specific timeframe.

Unemployment Rate

The percentage of the workforce that is without a job.

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Literacy Rate

The proportion of people who can read and write.

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What is a resource?

Anything that is used or consumed by humans, like computers, books, or natural resources like soil and oil.

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What is technology?

The application of scientific knowledge to solve problems or create new things.

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How does technology affect resource use?

Technology allows us to monitor and control how much we use resources like oil and gas.

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How does technology access impact resource use?

Some societies have good access to technology, while others have limited access. This influences their resource usage.

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What is a concern about oil and gas?

Society heavily relies on oil and gas, which pollutes the planet and takes a long time to form.

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Poverty

A situation where many people lack basic necessities like food, shelter, and healthcare, often due to lack of opportunities and income.

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Economic Disparity

The significant difference in wealth and resources between the wealthiest and poorest individuals or nations.

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Illiteracy

The inability of a large portion of the population to read and write, often stemming from limited access to education.

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Child Labor

The act of employing children in labor, often in dangerous or exploitative conditions, for economic gain.

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Water Scarcity

The lack of access to clean and safe drinking water, affecting a large proportion of the world's population.

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Gender Inequality

The lack of equal rights, opportunities, and treatment between men and women. It includes issues like unequal access to education, employment, healthcare, and political participation.

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Lack of Healthcare Access

The state of having a limited or no access to quality healthcare services, often due to poverty or lack of infrastructure. This can lead to higher rates of preventable diseases and shorter life expectancies.

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Climate Change

A significant global threat causing rising sea levels, extreme weather events, and desertification. These changes impact global economies, especially in developing countries heavily reliant on agriculture.

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Environmental Hazards

The dumping of hazardous waste materials in developing countries, often due to lower environmental regulations or cheaper disposal costs. This can lead to serious health and environmental risks for local communities.

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Dangerous Working Conditions

The presence of dangerous working conditions in factories or businesses, often in developing countries, leading to health risks and injuries for workers. These conditions may lack adequate safety measures or regulations.

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What is an economy?

A system that allocates resources like goods and services to fulfill people's needs and wants. This system includes how money is used.

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What's a 'good' in economics?

Anything used or consumed, such as a book, food, or a computer. It involves a physical object.

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What's a 'service' in economics?

An action that helps or performs work for someone. It's an action rather than something physical.

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What is an 'import'?

When a country buys goods or services from another country.

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What is an 'export'?

When a country sells goods or services to another country.

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Global Interdependence

The interconnected nature of global economies where countries depend on each other for goods and services.

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Specialization

When a country focuses on producing goods it's good at, leading to greater efficiency. This often results in exports.

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Imports

Countries import goods they can't or don't want to produce domestically, often because it's cheaper.

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World Trade Organization (WTO)

The international organization that sets rules for global trade and resolves disputes between countries.

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Exports

Goods that a country sells to other countries, often produced due to specialization or resource abundance.

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