test 5.12.22 page 2 1/2 Jamaica

Question 1

Microfinance Loans​ mean

Answer 1

people in LICs receiving smalls loans from traditional banks.

Question 2

A positive of Microfinance Loans:

Answer 2

Loans enable people to begin their own businesses​

Question 3

a negative of of Microfinance Loans:

Answer 3

Its not clear they can reduce poverty at a large scale. ​

Question 4

Foreign-direct investment​ means

Answer 4

when one country buys property or infrastructure in another country.​

Question 5

a positive of Foreign-direct investment​:

Answer 5

Leads to better access to finance, technology & expertise.​

Question 6

a negative of Foreign-direct investment​:

Answer 6

Investment can come with strings attached that country’s will need to comply with.​

Question 7

Aid​ means

Answer 7

one country giving money or resources to another country.

Question 8

a positive of aid is

Answer 8

Improve literacy rates, building dams, improving agriculture. ​

Question 9

a negative of aid is

Answer 9

Can be wasted by corrupt governments or they can become too reliant on aid.​

Question 10

Debt Relief​ means

Answer 10

This is when a country’s debt is cancelled or interest rates are lowered. ​

Question 11

a positive of Debt Relief​ is

Answer 11

Means more money can be spent on development.

Question 12

a negative of Debt Relief​ is

Answer 12

Locals might not always get a say. Some aid can be tied under condition from donor country.​

Question 13

Fair trade​ means

Answer 13

when farmers get a fair price for the goods produced.​

Question 14

a positive of Fair trade​ is

Answer 14

Paid fairly so they can develop schools & health centres.​

Question 15

a negative of Fair trade​ is

Answer 15

Only a tiny proportion of the extra money reaches producers.

Question 16

Technology​ means

Answer 16

Tools, machines and affordable equipment that improve quality of life.​

Question 17

a positive of Technology​ is

Answer 17

Renewable energy is less expensive and polluting.​

Question 18

a negative of Technology​ is

Answer 18

Requires initial investment and skills in operating technology​

Question 19

In 2015, ____ _____ visited Jamaica​.

Answer 19

2.12 million

Question 20

Tourism contributes ___ of GDP in Jamaica​

Answer 20

27%

Question 21

_________ jobs rely on tourism

Answer 21

130,000

Question 22

Global recession in ____ caused a decline in tourism. Now tourism is beginning to recover.

Answer 22

2008

Question 23

the first Development Problem is that :

Answer 23

Tourists do not always spend much money outside their resorts.

Question 24

the third Development Problem is that :

Answer 24

Infrastructure improvements have not spread to the whole island.

Question 25

the second Development Problem is that :

Answer 25

Many people in Jamaica still live in poor quality housing and lack basic services such as healthcare