Obstacles to Development Trade and Debt (OCR GCSE Geography B (Geography for Enquiring Minds)): Quizzes
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Practise the questions
10 questions from this quiz
What do LIDCs primarily export?
What do LIDCs primarily export?
Natural commodities
What type of goods do Advanced Countries mainly export?
What type of goods do Advanced Countries mainly export?
High-value manufactured goods & services
What are TNCs?
What are TNCs?
Transnational Companies
How do commodity prices behave compared to manufactured goods?
How do commodity prices behave compared to manufactured goods?
They fluctuate dramatically
What is the trade value gap?
What is the trade value gap?
When countries spend more than they earn
What must LIDCs cut spending on to repay debt?
What must LIDCs cut spending on to repay debt?
Healthcare, education & infrastructure
Which countries have a surplus according to the note?
Which countries have a surplus according to the note?
Germany, China & 5 African countries
Why does debt hit LIDCs harder than Advanced Countries?
Why does debt hit LIDCs harder than Advanced Countries?
They have far less money overall
Who conducts most global trade?
Who conducts most global trade?
Wealthy nations in Europe, N. America & Asia
What is the debt-development cycle?
What is the debt-development cycle?
Debt prevents needed investment, trapping countries in poverty