click below
click below
Normal Size Small Size show me how
Stupid REA AP Geo
Stupid
Question | Answer |
---|---|
Quaternary | Include assembling, distributing, and processing information, and managing other business operations. |
Quinary | Subset of Quaternary activities involving highest level of decision making, such as that of a legislature or a presidential cabinet. |
Least Cost Theory | Model predicting where industries would locate based on the places that would be the lowest cost to them. |
Material Orientation | Result of locating weight-losing industries near the supply of raw resources. |
Market Orientation | Result of locating weight-gaining industries near the marketplace for the heavier product. |
Footloose | Industry not bound by locational constraints and able to choose to locate wherever it wants. |
Agglomeration | Clumping together of industries for mutual advantage. |
Deglomeration | Unclumping of industries because of the negative effects and higher costs associated with overcrowding. |
Substitution Principle | Asserts that an industry will choose to move to access lower labor costs despite higher transportation costs. |
Backwash Effect | Occurs when other regions suffer a drain of resources and talent due to agglomeration in another region. |
Informal Sector | Network of business transactions that aren't reported and therefore not included in the country's GDP and official economic projections. |
Structural Theory | Argue that LDCs are locked into a vicious cycle of entrenched underdevelopment by the global economic system that supports an unequal structure. |
Dependency Theory | Exemplifies the structural perspective, arguing that the political and economic relations among countries limit the ability of LDCs to modernize and develop. |
Conglomerate | Massive corporation operating a collection of smaller companies that provide it with specific services in its production process. |
NIC | Country that has recently established an industrialized economy based on manufacturing and global trade. |
Special Economic Zone | Region offering special tax breaks, eased environmental restrictions, and other incentives to attract foreign business and investment. |
Export Processing Zone | Region of an LDC that offer tax breaks and loosened labor restrictions to attract export-driven production processes, such as factories producing goods for foreign markets; sometimes called free-trade zone. |
Fair Trade | Policies that favor oversight of foreign direct investment and outsourcing to ensure that workers throughout the world are guaranteed a living wage for their work, enough to survive in their home countries. |
Free Trade | Concept of allowing multinational corporations to outsource without any regulation except for the basic forces of market capitalism. |
Structural Adjustments | Stipulations that require the country receiving an international loan to make economic changes in order to use the loan. |
Pacific Rim | together with China and Japan, the four Asian Tigers make up the core of the Asian economic engine. |
Commodification | Giving a price tag or value to something that was not previously perceived as having a money-related value. |
World Systems Analysis | Looks at the world as a capitalistic system of interlocking states. |