Unit 6 Test

GDP PPP shows..

• The total income of a country
• How much people earn on average
• How much you can buy with your money
• How much a country produces in a year

The percentage of the population that can read and write is called.. 

• Literacy rate
• Life expectancy
• Death rate
• Birth rate

Newly industrializing nations benefit from the global economy by utilizing cheap labor from LDCs while still providing goods and services to MDCs.

• Core
• Periphery
• Semi-periphery
• Liberal Model

This group gives loans to countries that need money for development projects. These loans however often have strings attached to taking the money like public goods must be privatized

• World Trade Organization
• World Systems Theory
• International Monetary Fund
• Peripheral Core Loans

High birth rates, high death rates, corrupt leaders, poor nutrition, high incidence of disease, and no access to clean water are all examples of these.

• Colonial Conditions
• Barriers to development
• Causes of development
• Real methods of development

Created by Wallerstein to show that the world is interconnected and that we are all interdependent on each other.  Divides us into three tiers of economic prosperity.

• Dependency Theory
• Neo liberal counterrevolution
• structural adjustment loan
• World Systems theory

What is the total value of goods and services produced within a country

• Gross Product Domestic
• Domestic Gross Product
• Product Gross Domestic
• Gross Domestic Product

 Which of the following is NOT a disadvantage of economic unions? 

• less restricted access to natural, human, and capital resources. 
• concentration of some industries in certain countries
• closing of some industries
• agribusiness replacing family farms

A ___ engages in tertiary economic activity.  

• carpenter 
• lumberjack 
• orange grower 
• police officer  

Which of the following is NOT primarily an economic union?   

• Organization of Petroleum Exporting Countries (OPEC) 
•  North American Free Trade Agreement (NAFTA) 
• United Nations (UN)
• European Union (EU)