The different types of economies, such as MEDCs or LEDCs, form a major topic in GCSE Geography. This quiz focusses on the emerging economies (or emerging markets) of countries like China or India.
You should have heard the terms less economically developed countries (LEDCs) and more economically developed countries (MEDCs) by now. But now there is a new term to grapple with - emerging economies. The terms 'less' and 'more' are seen as not allowing for economies that are moving from one to the other. Economies that are developed, but not as established as the economies of Western Europe, the United States and Japan. As a nation develops it moves through a series of stages, from LEDC to MEDC. Those nations that are moving through these stages are emerging economies, sometimes referred to as emerging markets.
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As an MEDC, the UK often looks to these emerging economies as a market to export goods and services to. As standards of living increase, so does the demand for consumer goods that have been long established in economically advanced economies. This can include greater car use, more luxury goods like smartphones and personal computers, more demand for designer brands such as Burberry, and a massive increase in energy use due to the increase in electronic items.
India and China are considered the largest two emerging markets, and as their economies grow their need for goods and services grows too. With around one fifth of the world’s total population living in China and only slightly less living in India, the growing needs of these two nations will have a huge impact on the world's supplies - and also on the attempts to stop the increase in carbon dioxide output as their energy use increases. It is seen as the role of economically advanced nations, or MEDCs, to help reduce the impacts on the planet of these up and coming economies.
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1.
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Which of the following is an indication of an economically advanced economy, rather than an emerging economy? |
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| [ ] |
Low life expectancy |
| [ ] |
High male/female inequalities |
| [ ] |
Literacy rates close to 100% |
| [ ] |
Poor access to technology |
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2.
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Which sector of industry dominates emerging economies? |
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| [ ] |
Primary |
| [ ] |
Secondary |
| [ ] |
Tertiary |
| [ ] |
Quaternary |
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3.
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Which of the following is not an economic development indicator? |
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| [ ] |
Gross domestic product (GDP) |
| [ ] |
Life expectancy |
| [ ] |
Inequality in wealth |
| [ ] |
Unemployment |
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4.
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Why might some LEDCs' economies grow slower than others? |
|
| [ ] |
No access to the global market |
| [ ] |
No access to raw materials |
| [ ] |
High populations |
| [ ] |
Some are heavily in indebted |
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5.
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Which of these is not a reason that a landlocked nation may struggle to improve their economy? |
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| [ ] |
Increased risk of hurricanes |
| [ ] |
Difficult and more expensive to ship goods because of export bureaucracy |
| [ ] |
Dependence on the infrastructure of neighbouring countries |
| [ ] |
Threats on all sides requiring military spending |
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6.
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Which of the following is a reason that climate may influence a nation's economy? |
|
| [ ] |
Warmer nations have a great revenue from tourism |
| [ ] |
Some diseases thrive in hot humid conditions |
| [ ] |
It's harder to work in warmer climates |
| [ ] |
Countries in the tropics have longer histories |
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7.
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How is the economic core of a nation defined? |
|
| [ ] |
The core revenues and services |
| [ ] |
The area with the most people in a county |
| [ ] |
The area with the highest standard of living, and generating the most wealth |
| [ ] |
The urban areas that have the greatest links and technology infrastructure |
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8.
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As emerging economies grow they will start to use energy at a higher level. This will increase their production of greenhouse gases and so contribute more to global warming. What can economically advanced nations do to slow the rise in greenhouse gas emissions? |
|
| [ ] |
Prevent technology being shipped to these nations |
| [ ] |
Force these countries to lower emissions |
| [ ] |
Reduce our own carbon emissions to make up for it |
| [ ] |
Share technologies that reduce energy use |
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9.
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Many emerging economies rely on aid from other nations and charities. Sometimes this aid is tied to trade agreements. What is an advantage of tied aid to the donor country? |
|
| [ ] |
The receiving country is forced to buy goods and services from the donor country |
| [ ] |
The aid can be used in the short and long term to save lives |
| [ ] |
It may be a condition of the funding that foreign companies are in charge of the project, reducing the benefit to the local economy in terms of work |
| [ ] |
The receiving nations government may take a percentage, or give the money to a large corporation |
|
|
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10.
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Why are literacy rates a measure of a nation's development? |
|
| [ ] |
As literacy rates rise the GDP falls |
| [ ] |
As a country becomes more advanced more people enjoy reading |
| [ ] |
Literacy rates show how skilled and educated the population is |
| [ ] |
As people become better educated they demand higher wages, reducing the countries economic output |
|
|
|
1.
|
Which of the following is an indication of an economically advanced economy, rather than an emerging economy? |
|
| [ ] |
Low life expectancy |
| [ ] |
High male/female inequalities |
| [x] |
Literacy rates close to 100% |
| [ ] |
Poor access to technology |
|
|
|
2.
|
Which sector of industry dominates emerging economies? |
|
| [x] |
Primary |
| [ ] |
Secondary |
| [ ] |
Tertiary |
| [ ] |
Quaternary |
|
|
|
3.
|
Which of the following is not an economic development indicator? |
|
| [ ] |
Gross domestic product (GDP) |
| [x] |
Life expectancy |
| [ ] |
Inequality in wealth |
| [ ] |
Unemployment |
|
|
|
4.
|
Why might some LEDCs' economies grow slower than others? |
|
| [ ] |
No access to the global market |
| [ ] |
No access to raw materials |
| [ ] |
High populations |
| [x] |
Some are heavily in indebted |
|
|
|
5.
|
Which of these is not a reason that a landlocked nation may struggle to improve their economy? |
|
| [x] |
Increased risk of hurricanes |
| [ ] |
Difficult and more expensive to ship goods because of export bureaucracy |
| [ ] |
Dependence on the infrastructure of neighbouring countries |
| [ ] |
Threats on all sides requiring military spending |
|
|
|
6.
|
Which of the following is a reason that climate may influence a nation's economy? |
|
| [ ] |
Warmer nations have a great revenue from tourism |
| [x] |
Some diseases thrive in hot humid conditions |
| [ ] |
It's harder to work in warmer climates |
| [ ] |
Countries in the tropics have longer histories |
|
|
|
7.
|
How is the economic core of a nation defined? |
|
| [ ] |
The core revenues and services |
| [ ] |
The area with the most people in a county |
| [x] |
The area with the highest standard of living, and generating the most wealth |
| [ ] |
The urban areas that have the greatest links and technology infrastructure |
|
|
|
8.
|
As emerging economies grow they will start to use energy at a higher level. This will increase their production of greenhouse gases and so contribute more to global warming. What can economically advanced nations do to slow the rise in greenhouse gas emissions? |
|
| [ ] |
Prevent technology being shipped to these nations |
| [ ] |
Force these countries to lower emissions |
| [ ] |
Reduce our own carbon emissions to make up for it |
| [x] |
Share technologies that reduce energy use |
|
|
|
9.
|
Many emerging economies rely on aid from other nations and charities. Sometimes this aid is tied to trade agreements. What is an advantage of tied aid to the donor country? |
|
| [x] |
The receiving country is forced to buy goods and services from the donor country |
| [ ] |
The aid can be used in the short and long term to save lives |
| [ ] |
It may be a condition of the funding that foreign companies are in charge of the project, reducing the benefit to the local economy in terms of work |
| [ ] |
The receiving nations government may take a percentage, or give the money to a large corporation |
|
|
|
10.
|
Why are literacy rates a measure of a nation's development? |
|
| [ ] |
As literacy rates rise the GDP falls |
| [ ] |
As a country becomes more advanced more people enjoy reading |
| [x] |
Literacy rates show how skilled and educated the population is |
| [ ] |
As people become better educated they demand higher wages, reducing the countries economic output |
|
|
