5.1 Exploring Economic Factors

• What does the term "quality of life" refer to?

  General well-being
• Match the component of quality of life with its description:

  Economic Factors ↔️ Income, employment, cost of living

  Social Factors ↔️ Education, healthcare, social support
• Stable employment provides financial security, social engagement, and personal satisfaction
• Income refers to money earned regularly, while wealth is the total value of assets owned
• Stable employment provides financial security and personal satisfaction.


  True
• Match the economic term with its definition:

  Income ↔️ Money earned regularly

  Wealth ↔️ Total value of assets
• Unemployment can lead to financial stress, social isolation, and reduced life satisfaction.
• Higher levels of education improve health literacy and employment opportunities.


  True
• Interconnected social, economic, and environmental factors determine overall quality of life.


  True
• What do environmental factors include regarding quality of life?

  Air and water quality
• Higher income enables access to better housing, healthcare, and education
• What does access to quality goods and services improve in terms of quality of life?

  Living standards and overall satisfaction
• Match the economic factor with its impact on quality of life:

  Income ↔️ Access to basic needs

  Wealth ↔️ Financial security
• What are two key components of economic stability that impact quality of life?

  Low inflation and steady income
• Higher levels of education provide access to better employment and higher incomes
• Match the environmental aspect with its description:

  Biodiversity ↔️ Loss of species and ecosystems

  Climate Change ↔️ Changes in climate patterns

  Sustainable Development ↔️ Balancing economic growth with environmental protection
• Waste management involves reducing and recycling waste materials


  True
• Environmental impact refers to the effects of human activities on the natural environment
• What farming practices minimize environmental impact?

  Sustainable agriculture
• What two types of policies contribute to overall quality of life?

  Economic and social
• Which countries are examples of universal healthcare systems?

  United Kingdom and Canada
• Higher income always guarantees a better quality of life.


  True
• Economic, social, environmental, and personal factors are interconnected in determining quality of life.


  True
• Match the economic factor with its impact on quality of life:

  Income ↔️ Access to better housing and healthcare

  Cost of Living ↔️ Meets basic needs without stress
• Higher income enables access to better housing, healthcare, and education.
• Higher income can provide access to better education and healthcare, enhancing quality of life.


  True
• Income inequality can lead to disparities in access to education and healthcare.


  True
• Access to quality healthcare reduces health-related stress and enhances overall life satisfaction.
• Economic factors impacting quality of life include income, employment, and cost of living.
• Education, healthcare, and social support are examples of social
• What interconnected factors determine quality of life?

  Economic, social, environmental, personal
• Affordable living expenses reduce financial stress and improve quality of life

  True
• Employment provides financial security, social engagement, and personal satisfaction
• How does access to quality healthcare improve quality of life?

  Reduces health-related stress
• Sustainable development balances economic growth with environmental protection

  True
• What is affected by pollution in water sources?

  Water quality
• Sustainable development aims to balance economic growth with environmental protection


  True
• Loss of biodiversity is a result of habitat destruction

  True
• Improving access to quality healthcare enhances social well-being


  True
• The United States has high income inequality compared to Denmark


  True