What is the relationship between being a landlocked nation and economic prosperity?(1 point)

Question

Responses

Landlocked developing nations are among the poorest in the world.
Landlocked developing nations are among the poorest in the world.

Landlocked developing nations are able to use the waterways outside of their home nations easily.
Landlocked developing nations are able to use the waterways outside of their home nations easily.

Landlocked developing nations are safe from tidal waves that can interrupt supply chain.
Landlocked developing nations are safe from tidal waves that can interrupt supply chain.

Landlocked developing nations are prosperous because of robust export markets.
Landlocked developing nations are prosperous because of robust export markets.

Answer 1

The most accurate response regarding the relationship between being a landlocked nation and economic prosperity is:

Landlocked developing nations are among the poorest in the world.

Landlocked countries often face significant economic challenges due to their lack of direct access to ocean trade routes, which can hinder their ability to engage in international trade, increase transportation costs, and limit opportunities for economic growth.

Answer 2

High-income countries, with institutional and technological supports, encourage(1 point)
Responses

limited work opportunities for low income people.
limited work opportunities for low income people.

people who are less productive.
people who are less productive.

lower Gross Domestic Product.
lower Gross Domestic Product.

people who are highly productive.
people who are highly productive.

Answer 3

The most accurate response regarding high-income countries with institutional and technological supports is:

people who are highly productive.

High-income countries typically invest in education, technology, and infrastructure, which helps enhance productivity and encourages a workforce that is more skilled and efficient.

Answer 4

Identify a factor that is included in both gross domestic product (GDP) and human development index (HDI).(1 point)
Responses

years of schooling
years of schooling

wealth distribution
wealth distribution

income
income

life expectancy

Answer 5

The factor that is included in both gross domestic product (GDP) and human development index (HDI) is:

income.

GDP measures the overall economic output and income of a country, while the HDI includes income as one of its components to assess the standard of living in conjunction with life expectancy and education.

Answer 6

Which response to resource scarcity would be most accessible for a poor community?(1 point)
Responses

encouraging additional immigrants to come to the community
encouraging additional immigrants to come to the community

using money to purchase resources from other places
using money to purchase resources from other places

requesting assistance from multinational organizations for expertise and money to invest in infrastructure
requesting assistance from multinational organizations for expertise and money to invest in infrastructure

investing in a desalination plant to convert sea water to fresh water

Answer 7

The response to resource scarcity that would be most accessible for a poor community is:

requesting assistance from multinational organizations for expertise and money to invest in infrastructure.

Poor communities often have limited financial resources and may not be able to invest in large-scale projects like desalination plants or purchase resources. Seeking assistance from multinational organizations can provide the expertise and financial support needed to address resource scarcity more effectively.

Answer 8

Question
How is the economic concept of equilibrium determined?(1 point)
Responses

the intersection of the lowest price that a buyer is willing to pay and the seller is willing to sell a particular good or service
the intersection of the lowest price that a buyer is willing to pay and the seller is willing to sell a particular good or service

the area in which a seller and buyer make economic transactions
the area in which a seller and buyer make economic transactions

the level of population that is required for a business to be successful
the level of population that is required for a business to be successful

the distance that a seller is willing to travel to acquire a particular good or service
the distance that a seller is willing to travel to acquire a particular good or service

Answer 9

The correct response regarding how the economic concept of equilibrium is determined is:

the intersection of the lowest price that a buyer is willing to pay and the seller is willing to sell a particular good or service.

Equilibrium occurs at the price level where the quantity demanded by consumers equals the quantity supplied by producers, reflecting the agreement on price between buyers and sellers in the market.

Answer 10

Which of these jobs is in the tertiary sector of the economy?(1 point)
Responses

factory line worker
factory line worker

software engineer
software engineer

cashier
cashier

marketing director

Answer 11

The job that is in the tertiary sector of the economy is:

marketing director.

The tertiary sector encompasses services rather than goods production, and roles such as marketing are service-oriented. The other options (factory line worker and software engineer) are primarily associated with the secondary (manufacturing) and part of the tertiary (technology services) sectors, respectively, but the marketing director is distinctly within the service category. A cashier also belongs to the tertiary sector but among the given options, the marketing director is typically viewed as a higher-level service role.