Geography quiz Geography – Economic Geography Quiz By isitok - September 7, 2024 0 42 FacebookTwitterPinterestWhatsApp Page 1 of 20 1. What term is used to describe the economic activity of extracting natural resources such as oil, minerals, and timber? A) Manufacturing B) Agriculture C) Extraction D) Services Page 2 of 20 2. Which country is the leading global producer of crude oil? A) Russia B) Saudi Arabia C) United States D) Iran Page 3 of 20 3. What is the name of the economic theory that emphasizes the benefits of free trade and reducing tariffs between countries? A) Mercantilism B) Keynesian Economics C) Classical Economics D) Neoliberalism Page 4 of 20 4. Which Asian country is known for its significant economic growth and rapid industrialization over the past few decades, often referred to as the "Asian Tiger"? A) Japan B) China C) South Korea D) India Page 5 of 20 5. The term "BRICS" refers to a group of five major emerging economies. Which country is NOT part of BRICS? A) Brazil B) Russia C) India D) Mexico Page 6 of 20 6. What economic term describes the situation where a country’s economy relies heavily on a single resource or sector? A) Diversification B) Specialization C) Dependence D) De-industrialization Page 7 of 20 7. Which city is considered a major global financial center and is home to the London Stock Exchange? A) Paris B) New York C) Tokyo D) London Page 8 of 20 8. What economic sector includes activities related to agriculture, forestry, fishing, and mining? A) Primary Sector B) Secondary Sector C) Tertiary Sector D) Quaternary Sector Page 9 of 20 9. What is the name of the economic agreement between the United States, Canada, and Mexico that aims to reduce trade barriers and promote economic cooperation? A) EU B) NAFTA C) ASEAN D) MERCOSUR Page 10 of 20 10. Which continent is known for its significant production of cocoa beans, the primary ingredient in chocolate? A) Asia B) South America C) Africa D) North America Page 11 of 20 11. The "Silicon Valley" in the United States is renowned for its concentration of technology companies. In which state is it located? A) Texas B) California C) New York D) Washington Page 12 of 20 12. What economic term describes a market structure where a single firm dominates the industry and is the exclusive supplier of a product or service? A) Oligopoly B) Monopoly C) Perfect Competition D) Monopolistic Competition Page 13 of 20 13. Which country is known for its strong economic emphasis on tourism, with landmarks such as the Great Wall and Forbidden City drawing millions of visitors annually? A) Japan B) South Korea C) Thailand D) China Page 14 of 20 14. The term "GDP" stands for Gross Domestic Product. What does GDP measure? A) The total value of all goods and services produced within a country B) The total value of exports minus imports C) The total national income of a country D) The total value of investments in a country Page 15 of 20 15. Which country is known for its extensive network of high-speed trains and is a leader in rail transport technology? A) Germany B) France C) China D) Japan Page 16 of 20 16. The term "emerging markets" refers to countries with rapidly growing economies. Which of the following countries is NOT typically classified as an emerging market? A) Brazil B) Russia C) South Africa D) Switzerland Page 17 of 20 17. What is the term for a system in which businesses are owned and controlled by private individuals rather than by the state? A) Socialism B) Capitalism C) Communism D) Feudalism Page 18 of 20 18. Which region is known for its high levels of industrial production and has been referred to as the "Factory of the World" due to its vast manufacturing capabilities? A) Southeast Asia B) Eastern Europe C) Sub-Saharan Africa D) North America Page 19 of 20 19. What term describes a situation where a country imports more goods and services than it exports? A) Trade Surplus B) Trade Balance C) Trade Deficit D) Trade Quota Page 20 of 20 20. The term "BRICS" stands for Brazil, Russia, India, China, and which other country? A) South Africa B) Argentina C) Indonesia D) Turkey Please provide your contact information to proceed.Email Address *First Name *Consent *Yes, I agree with the privacy policy and terms and conditions.Start QuizSkip and continue
