Which of the following best explains an important limitation of per capita national income? (1 point)
Per capita national income does not take total national income into account.
Wealth distribution in most countries is uniform. Wealth distribution in most countries is uneven.
Per capita national income does not take population size into account.
Per capita national income does not take population size into account.
Which factor is included in the human development index (HDI)? (1 point)
automobile ownership environmental pollution levels obesity rates
life expectancy
life expectancy
Which of the following is an example of the connection between economic scarcity and economic development? (1 point)
A country with limited farmland imports most of its food.
A country with ample water resources suffers from a shortage of safe drinking water.
A country with rich coal deposits invests in mining technology.
A country with few forests suffers from a shortage of building materials.
A country with limited farmland imports most of its food.
Which of the following terms generally identifies a place where an economic transaction occurs? (1 point)
manufacturing operation transport network market
retail store
market
Which of the following is true of manufacturing using mass production? (1 point)
Mass production facilities are always located near sources of the resources needed for production.
Minimizing labor costs always determines the location of mass production facilities.
It focuses on the specialized production of custom goods. It focuses on the rapid production of standardized goods