Developed vs. Developing
Are most of the world's countries developed or developing?
developing
Who controls the means of production in a command economy?
government
What words mean "average number of people per square mile"?
population density
What are 3 kinds of resources and an example of each?
natural: water, animals, plants, minerals, wind
human: educated workers
capital: tools, machines, buildings
T or F? More human capital leads to more advanced capital resources.
What are 2 factors that influence birth rates in developing countries?
high infant mortality
no pensions = kids to take care of old people
access to family planning
kids working to support family
What are the 3 main ideas of a capitalist economic system?
market economy
supply and demand
consumers (buyers) make decisions
What is HDI? What do countries with a high HDI spend their money on?
Human Development Index. education and health care
If a country has limited natural resources, what does it have to do?
trade: export goods it has and import goods it needs
T or F? Developing countries have more old people. Explain
False. Developed countries have more old people because they have lower birth rates and higher life expectancy.
In developed and developing countries, what 3 things have really reduced the death rate?
better nutrition
better health care
better sanitation/clean water
What are 2 ways economic development influences cultural change?
more material culture
more crime
more jobs
need more education
What level of economic activity are: hair stylist, scientist, fisherman, factory worker?
tertiary, quaternary, primary, secondary
True or false, and why?
Having a lot of natural resources automatically makes a country rich.
False. A country's wealth depends on its human capital.
T or F? A country with a low infant mortality rate probably also has a low literacy rate.
False - countries with low infant mortality usually have strong education and higher literacy.
Name 5 characteristics of a developed country.
good health care, good education, high GDP, stable government, infrastructure, low infant mortality, clean water, high HDI
What is an example of an economic activity at the secondary level?
making cheese from milk
canning corn
True or False: market economy=command
mixed economy=socialism
communism=capitalism
false, true, false
What are 3 examples of infrastructure?
road, internet, sewer systems, airports, metro/subway, bridges, hospitals, schools
T or F? Countries with a "graying" population don't have to spend as much on health care. Explain.
False. Older people need more health care.
Name 5 characteristics of a developing country.
poor health care, poor education, low GDP, unstable government, poor infrastructure, high infant mortality, unsafe water, low HDI
Describe the 4 levels of economic activity.
primary: extraction of raw materials
secondary: manufacturing and construction
tertiary: provides services
quaternary: knowledge and information-based activities like research and education.
Do rich countries have a high birth rate? Explain.
No. Educated women=fewer children, more expensive to raise children, lower infant mortality, access to family planning
Resources are not evenly distributed around the world. What are 3 consequences of this?
conflict, trade, migration, colonialism
T or F? Having more farmers in a country indicates a developed country. Explain.
False: Developing countries have more farmers/more people engaged in primary economic activity.