Which of the following best explains an important limitation of per capita national income?(1 point)

Question

Responses

Wealth distribution in most countries is uniform.
Wealth distribution in most countries is uniform.

Wealth distribution in most countries is uneven.
Wealth distribution in most countries is uneven.

Per capita national income does not take total national income into account.
Per capita national income does not take total national income into account.

Per capita national income does not take population size into account.
Per capita national income does not take population size into account.

Which factor is included in the human development index (HDI)?(1 point)
Responses

environmental pollution levels
environmental pollution levels

automobile ownership
automobile ownership

life expectancy
life expectancy

obesity rates

Which of the following is an example of the connection between economic scarcity and economic development?(1 point)
Responses

A country with rich coal deposits invests in mining technology.
A country with rich coal deposits invests in mining technology.

A country with limited farmland imports most of its food.
A country with limited farmland imports most of its food.

A country with few forests suffers from a shortage of building materials.
A country with few forests suffers from a shortage of building materials.

A country with ample water resources suffers from a shortage of safe drinking water.

Which of the following terms generally identifies a place where an economic transaction occurs?(1 point)
Responses

manufacturing operation
manufacturing operation

transport network
transport network

market
market

retail store

Which of the following is true of manufacturing using mass production?(1 point)
Responses

It focuses on the rapid production of standardized goods.
It focuses on the rapid production of standardized goods.

It focuses on the specialized production of custom goods.
It focuses on the specialized production of custom goods.

Minimizing labor costs always determines the location of mass production facilities.
Minimizing labor costs always determines the location of mass production facilities.

Mass production facilities are always located near sources of the resources needed for production.

Answer 1

Here are the best responses for each question:

1. Which of the following best explains an important limitation of per capita national income?

   • Wealth distribution in most countries is uneven.
     (Per capita national income averages the income across the population, which can conceal disparities in income distribution within a country.)

2. Which factor is included in the human development index (HDI)?

   • life expectancy
     (The HDI measures average life expectancy, education levels, and per capita income to assess development.)

3. Which of the following is an example of the connection between economic scarcity and economic development?

   • A country with limited farmland imports most of its food.
     (This illustrates how scarcity of resources can lead a country to seek out trade or imports, which relates to its economic development.)

4. Which of the following terms generally identifies a place where an economic transaction occurs?

   • market
     (A market is a place or system where buyers and sellers meet to exchange goods and services.)

5. Which of the following is true of manufacturing using mass production?

   • It focuses on the rapid production of standardized goods.
     (Mass production aims to produce large quantities of standardized products efficiently.)

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