Unit 4: The Global Economy
Topic 4.10: Economic Growth and/or Economic Development Strategies Questions
Practice 20 exam-style questions for IB Economics Topic 4.10. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
11 mark
Official development assistance (ODA) refers to:
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Official development assistance (ODA) refers to:
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A disadvantage of import substitution industrialisation is that:
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One reason why there is no single development strategy that works for all countries is that:
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Explain two benefits that trade liberalisation may bring to a developing country.
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Export promotion as a development strategy involves:
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Import substitution industrialisation (ISI) is a development strategy in which:
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Explain two advantages of foreign direct investment (FDI) for a developing country.
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The effectiveness of a development strategy is likely to depend on:
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Explain how economic diversification can promote economic development.
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A potential disadvantage of foreign aid is that it may:
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Foreign direct investment (FDI) can promote development by:
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Multilateral development assistance, such as loans from the World Bank, differs from bilateral aid because it:
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Distinguish between bilateral aid and multilateral aid.
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When evaluating development strategies, an important consideration is:
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Explain two disadvantages of foreign aid as a development strategy.
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Explain how microfinance can promote economic development in developing countries.
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Trade liberalisation contributes to economic development by:
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Compare import substitution industrialisation and export promotion as development strategies.
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Explain why the effectiveness of development strategies may vary between countries.
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