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AP HUG Unit 7 Vocab

QuestionAnswer
Agglomeration Concentration of industries and firms in a particular geographic area, including cost savings, knowledge spillovers, and access to specialized labor.
Assembly Line A manufacturing process in which a product is assembled sequentially as it moves along a conveyor belt or production line.
Backwash Effects Negative economic effects are experienced by regions or industries because of the growth or development of other regions or industries.
Barter The exchange of goods or services directly for other goods or services without using money.
Commodity Dependence The reliance of a country or region on the export of commodities for economic growth and revenue
Comparative Advantage theory says regions should specialize in producing goods or services with the lowest opportunity cost relative to other producers.
Dependency Model theory explains the underdevelopment of certain regions due to historical economic relationships that exploit and marginalize them.
Ecotourism Tourism that focuses on visiting natural areas and promoting conservation, environmental education, and sustainable development.
Export Processing Zones (EPZ) Designated areas within a country where favorable conditions encourage export-oriented manufacturing and foreign investment.
Fordism A system of mass production and consumption characterized by standardized products, assembly-line manufacturing, and relatively high wages for workers
Formal Sector The part of the economy that operates within the legal framework, including registered businesses, wage employment, and government-regulated activities
Free Trade zones Areas within a country where goods can be imported, stored, and processed without being subject to customs duties or other trade barriers.
Gross Domestic Product (GDP) The total value of all goods and services produced within a country's borders over a specific period.
Gross National Income (GNI) The total income earned by a country's residents, including domestic and foreign sources, minus any income earned by foreign residents
Gross National Product (GNP) The total value of all goods and services a country's residents produce, including income earned abroad.
Growth poles (Growth centers) Regions or urban areas that serve as focal points for economic development and investment, often leading to the expansion of surrounding areas.
Human Development Index (HDI) is a country's development measure based on life expectancy, education, and income indicators.
Industrial Belt A region with concentrated industrial activity, often marked by interconnected cities and towns.
Informal Sector The part of the economy operating outside formal regulations, including unregistered businesses, self-employment, and casual labor.
Just-in-time delivery production that aims to minimize inventory costs by delivering parts or materials to the production line exactly when needed.
Literacy Rate The percentage of people within a population who can read and write at a specified age or grade level.
Maquiladoras Manufacturing plants, primarily located in Mexico, that import raw materials duty-free for assembly or processing and export the finished products.
Neoliberalism advocates for free-market principles, deregulation, privatization, and limited government intervention in the economy.
Offshoring Relocating business activities or processes to another country, often to take advantage of lower labor costs or regulatory environments
Outsourcing contracting out business functions or processes to external service providers, often in other countries, to reduce costs or access specialized expertise.
Primary Sector The economy sector is concerned with extracting raw materials from the natural environment, such as agriculture, mining, and fishing.
Post-Fordist production methods characterized by flexible production, just-in-time manufacturing, and increased reliance on information technology
Quaternary Sector The economy sector focuses on knowledge-based activities, including research and development, information technology, and professional services
Rust Belt Region is characterized by the decline of traditional manufacturing industries, often marked by abandoned factories and economic distress.
Substitution Principle The practice of replacing human labor with technology or machinery to increase efficiency and reduce costs in production processes.
Sustainable Development meets the needs of the present without compromising the ability of future generations to meet their own needs, integrating economic, social, and environmental goals.
Technopoles Regions or urban areas characterized by a concentration of high- technology industries, research institutions, and skilled labor.
Tertiary Sector The economy sector provides retail, healthcare, education, and finance services.
Trade International agreements and regulations often facilitate the exchange of goods and services between countries or regions.
Trading Bloc Groups of countries form agreements to promote trade and economic cooperation, often by reducing tariffs and trade barriers.
In Latin America, data for employment in many large urban areas are most likely to be incomplete because many people work in the informal sector
Using the data in Table 2, which of the following terms best describes the median household income distribution among the five boroughs? Uneven development
Outsourced industrial production in less-developed countries often relies on female labor because wage rates for women are much lower than for men
Rostow’s modernization model is concerned with which of the following concepts? Economic development
Core-periphery models are generally based on the idea that sharp spatial contrasts in social and economic development exist between economic heart­lands and outlying subordinate areas
Which of the following correctly classifies the countries in the table by their level of development? More developed: France; industrializing: India; less developed: Tanzania
Environmental laws, labor availability, and access to markets are major factors affecting which of the following? Manufacturing locations
Which of the following best explains the relationship between GDP per capita and world system theory? There is an uneven distribution of economic development and geographical division of labor in the world.
Compared with more-developed countries, which of the following statements is true of less developed countries? A higher percent of the labor force is engaged in food production .
Compare the two images. What do the technologies shown demonstrate about the Industrial Revolution? The increased transportation technology has enabled the diffusion and expansion of industrial activities.
The early stages of the core-periphery model describe the relationship of power and the transfer of resources from less developed to more developed areas
Which of the following best describes Alfred Weber’s analysis of location decisions? It seeks to minimize costs among multiple inputs of production.
The classic model of industrial location theory suggests that the primary consideration in the location of an industrial site is which of the following? The cost of transportation
Which of the following statements best describes the highest level of job-opportunity change as countries shift from the periphery to the semiperiphery level of development? Secondary sector employment increases as the demand for manufactured products increases.
The two images illustrate advancements in technology resulting from the Industrial Revolution. Comparing the images, which of the following statements best illustrates an impact of the Industrial Revolution on society? The invention of the steam engine and the construction of steel bridges to carry trains across various physical features led to ever-increasing demand for the materials and labor to build more trains and tracks.
The popularity of which of the following is an example of the trend toward ecotourism? National parks in Costa Rica
Economic complementarities between two places tend to occur when each place specializes in commodities demanded by the other
Which of the following is the primary geographic effect of the globalization of the economy? Production is shifted to low-cost locations in developing countries.
Debt-for-nature swaps are financial transactions in which a portion of a developing country’s foreign debt is forgiven... Which of the following explains the significance of debt-for-nature programs? The programs provide a sustainable-development approach to reducing uneven levels of development between countries.
Which statement about the employment of men and women in EPZs is most clearly supported by the graph above? Women make up the vast majority of each country's secondary sector employees.
The maquiladoras of northern Mexico are manufacturing outsourcing plants
Which is most responsible for deindustrialization in highly developed countries? Low wages in developing countries
The Internet is reshaping traditional economic arrangements by expanding the importance of express package delivery systems
The United Nations Sustainable Development Goals ... Which of the following statements correctly explains a link between the Sustainable Development Goals and population growth? Reducing infant mortality rates may slow population growth.
Which of the following statements best explains a limitation of the political map shown in conveying economic information? In the context of free trade, the borders between the member states are irrelevant.
Which of the following has contributed most to the deindustrialization of regions like the English Midlands and the North American Manufacturing Belt? Competition from foreign imports
The map shows medical technology growth poles in the United States. Which of the following statements best explains a limitation of the map in showing the geographic context of these growth poles? Each growth pole location is supported by an international network of researchers and multinational corporate partners.
Which of the following best explains a benefit of membership in the European Union? Member states form a single market, which creates a powerful economic bloc.
It is generally agreed that the current trend in climate change is caused by increased use of fossil fuels
Compare the bar graph showing coal mine employment and the line graph showing miner production. Which of the following conclusions can be drawn from trends in this data? Mechanization and computer automation in mining have increased.
Created by: Cookie~Monster
 



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