which major economic development occurred during the late 1800’s in the U.S?

creation of monopolistic trusts to control numerous industries More test answers on https://studyhippo.com/ch-18-and-19/

Which of the following is not a valid criticism of many economic development projects?

Project planners have no real interest in helping communities. More test answers on https://studyhippo.com/soc-unit-4/

Which value has a strong influence on entrepreneurship and economic development as well as new-product acceptance?

risk taking/security More test answers on https://studyhippo.com/consumer-behavior-park-university/

What does economic development change?

demographic characteristics like life expectancy, birth rates, and death rates More test answers on https://studyhippo.com/ap-human-geography-unit-6-review/

How was the economic development of Western Europe during the Cold War years similar to or different of Japan?

Japan and much of Western Europe gained prosperity by building modern industries after wartime destruction. While Japan focused on producing goods for export, Western Europe developed strong social benefit programs. More test answers on https://studyhippo.com/chapter-30-check-points-chapter-assessment/

Which of the following is NOT a successful economic development ratings that goes beyond production and consumption indices and include additional measures? A. protection of our biosphere B. sustainable use of global resources C. production-based productivity indexes D. energy conservation E. environmental restoration

Production based productivity indexes More test answers on https://studyhippo.com/intro-business-chapter-4/

True or False: Product differentiation is more likely when nations share the same level of economic development.

False More test answers on https://studyhippo.com/international-business-chapter-14-brian-rawson/

What role did Greek geography play in it’s economic development and trade?

-attempt of storing grapes or grape juice for a long period of time -pottery jars found in Hajji Firuz Tepe had a form of reddish residue, which is presumably wine. -climate is unsuitable for large-scale production. -raises the price significantly, makes it an expensive luxury item to sell, which could be beneficial for the manufacturers/sellers More test answers on https://studyhippo.com/the-history-of-the-world-in-6-glasses-questions/

What five ways may economic development be measured in? How are they specifically measured for LDCs and MDCs? Where do newly industrializing countries always fall?

GDP Per Capita (MDCs > $20,000; LDCs < $1000); types of jobs (MDCs have most workers in tertiary sector, LDCs have most workers in the primary sectors); worker productivity (MDCs have more productive workers and access to more machines, tools, and equipment, LDCs rely more on human and animal power); Access to raw materials (development requires this access to transform into useful products, energy (oil, coal, etc.) necessary for factories); availability of consumer goods (MDCs have money for nonessentials like cars, telephones, and televisions and production of those are vital to the economy, economy growth in LDCs is limited by their inability to afford these products) More test answers on https://studyhippo.com/ap-human-geography-unit-6-review/

complete the following sentence: “If we learn anything from the history of economic development it is that______?

culture makes all the difference More test answers on https://studyhippo.com/comm-chap-8/

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Economic Development Flashcards, test questions and answers

Q: complete the following sentence: “If we learn anything from the history of economic development it is that______?

culture makes all the difference More test answers on https://studyhippo.com/comm-chap-8/

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What is Economic Development?

Economic Development is the process of improving the economic well-being of a region by increasing its production and consumption power. This can be achieved through industrialization, infrastructure development, technological advancement, and other methods. Economic Development seeks to increase employment opportunities and reduce poverty within a region. It also aims to improve access to resources such as education and healthcare.Economic Development has been an important factor in the growth of nations throughout history. It has helped countries become more competitive in international markets, allowing them to attract foreign investments, create new jobs, and reduce poverty levels. It has also helped to stimulate economic growth by creating new industries and services that can generate income for citizens.The most successful economic development strategies involve both public and private sector involvement in order to maximize their benefits for everyone involved. Public sector activities include providing incentives for business investment or introducing policies aimed at increasing people’s access to resources such as finance or education. Private sector activities may involve encouraging local businesses to invest in their communities or developing methods of financing small business initiatives that will create wealth locally while providing employment opportunities for local residents.In order for Economic Development efforts to be successful it is essential that they are well planned out with realistic goals set out from the start as well as clear actions plans put into place. Additionally, it is important that all stakeholders are consulted during the planning process including local governments, businesses owners/managers, investors/financiers, civil society groups etc., so that everyone involved understands what is expected from them when it comes time to implement these plans and achieve desired outcomes within a given timeframe.