Ask a New Question
Menu

Question 1

A) Which of the following best explains an important limitation of per capita national income?
(1 point)
Wealth distribution in most countries is uneven.
Per capita national income does not take total national income into account.
Wealth distribution in most countries is uniform.
Per capita national income does not take population size into account.

Question 2
A) Which factor is included in the human development index (HDI)? (1 point)
environmental pollution levels
life expectancy
obesity rates
automobile ownership

Question 3
A) Which of the following is an example of the connection between economic scarcity and
economic development? (1 point)
A country with rich coal deposits invests in mining technology.
A country with ample water resources suffers from a shortage of safe drinking water.
A country with limited farmland imports most of its food.
A country with few forests suffers from a shortage of building materials.

Question 4
A) Which of the following terms generally identifies a place where an economic transaction
occurs? (1 point)
transport network
manufacturing operation
market
retail store

Question 5
A) Which of the following is true of manufacturing using mass production? (1 point)
It focuses on the specialized production of custom goods.
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.
It focuses on the rapid production of standardized goods.

1 answer

Here are the answers to your questions:

Question 1: A) Which of the following best explains an important limitation of per capita national income?

  • Answer: Wealth distribution in most countries is uneven.

Question 2: A) Which factor is included in the human development index (HDI)?

  • Answer: Life expectancy.

Question 3: A) Which of the following is an example of the connection between economic scarcity and economic development?

  • Answer: A country with limited farmland imports most of its food.

Question 4: A) Which of the following terms generally identifies a place where an economic transaction occurs?

  • Answer: Market.

Question 5: A) Which of the following is true of manufacturing using mass production?

  • Answer: It focuses on the rapid production of standardized goods.