Levels of Development Unit Test

Front

What is the percentage or fraction of people that live in a developed country?

Back

20% or ⅕

Front

If a country has a lot of broadband internet users, they are most likely to be:

Back

developed

Front

What does life expectancy measure?

Back

the average amount of years a person lives in a specific area

Front

What does literacy rate measure?

Back

the number of people who can read and write

Front

For Free Trade, countries control the flow of goods and services with.

Back

little to no government control

Front

A tariff is another name for a ______ on goods imported from another country.

Back

tax

Front

An economic system where the government owns the businesses and land and determines the costs of goods and services.

Back

Communism

Front

Prices are determined in a free market economy by the principle of ________________________ and _________________________.

Back

supply and demand

Front

Do most countries have some form of a capitalist economy?

Back

True