Economics and Society: Global Issues Quiz

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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?

Child labor Signup and view all the answers

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

1.8 billion Signup and view all the answers

What does life expectancy primarily measure?

The number of years a person can expect to live. Signup and view all the answers

Which of the following are examples of natural resources?

Soil and air Signup and view all the answers

Which factor does NOT directly influence life expectancy?

Educational attainment Signup and view all the answers

How has technology impacted the use of resources?

Technology allows tracking of resource usage and its impact. Signup and view all the answers

What is the definition of doubling time in population studies?

The duration required for a population to double in size at a constant growth rate. Signup and view all the answers

Which statement best describes a resource?

It is something consumed or utilized by humans. Signup and view all the answers

What does GDP per capita indicate?

The average economic output per person in a country. Signup and view all the answers

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

The proportion of people living below the poverty line. Signup and view all the answers

Which of the following societal differences concerning technology is mentioned?

Some societies embrace technology more than others. Signup and view all the answers

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

Their consumption significantly pollutes the earth. Signup and view all the answers

What is a consequence of gender inequality in society?

Inequal access to education and political participation Signup and view all the answers

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

Hepatitis Signup and view all the answers

What major environmental threat is caused by climate change?

Rising sea levels Signup and view all the answers

Why are developing nations at greater risk from environmental hazards?

They lack proper disposal methods for hazardous waste Signup and view all the answers

What does desertification primarily affect in developing countries?

Agricultural productivity Signup and view all the answers

What is one primary reason countries engage in international trade?

To gain a resource advantage through specialization Signup and view all the answers

Which of the following is a product that Canada exports?

Lumber Signup and view all the answers

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

It establishes global trade rules and resolves disputes Signup and view all the answers

Why might a country choose to import certain goods?

Due to limitations in domestic production Signup and view all the answers

Which of the following commodities is NOT imported by Canada?

Maple syrup Signup and view all the answers

What is the primary function of an economy?

To allocate resources to meet people's needs and wants Signup and view all the answers

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

A good is a physical item, while a service is intangible Signup and view all the answers

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

Export Signup and view all the answers

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

The buying and selling of goods between countries Signup and view all the answers

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

Both goods and services are essential for fulfilling customer needs and wants Signup and view all the answers