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PHHS - APHUG: Important vocab for Unit 6 - Industrialization and Economic Devel.

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
resources that are finite in amount; once they are used up they are gone   show
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resources that are infinite in amount and can be used over and over again   show
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concept that the value of a manufactured product is greater than the sum of its raw materials   show
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show durable good  
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show non-durable good  
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show commodity chain or supply chain  
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show low-benefit services  
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show high-benefit services  
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show raw materials  
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show labor  
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show transportation  
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show infrastructure  
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one of the five required inputs for manufacturing; a "power source" is needed to do the work   show
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industries where the raw materials and manufacturing are located in the same place   show
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show secondary industries  
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states that three factors are considered in the decision of where to locate secondary industries: variable costs, friction of distance, and distance decay   show
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states that three costs will attempt to be minimized when considering where to locate secondary industries: transportation, labor, and agglomerations   show
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show substitution principle  
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occurs when agglomerations become over-developed and lead to increasing costs of land, labor, and transportation   show
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industries that use large, bulky raw materials to create smaller, lighter finished products   show
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industries that assemble many small, light parts into a large, bulky finished product   show
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show Fordism  
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movement that introduced mechanization in the secondary sector   show
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show Central and Western Europe  
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show Eastern North America  
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show Russia and Ukraine  
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one of the primary industrial regions; includes China and Japan   show
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show comparitive advantage  
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show break-of-bulk point  
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show Special Economic Zones (SEZs)  
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exports zones in northern Mexico that primarily manufacture goods for export to the United States   show
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divides the world into categories: 1st world/2nd world/3rd world   show
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show 4th world states  
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show 5th world states  
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theory that divides the world economically into cores, peripheries, and semi-peripheries   show
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South Korea, Taiwan, Hong Kong, Singapore; industrialized in the 1950s-1970s through U.S. foreign aid   show
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show New Asian Tigers  
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show Gross National Product (GNP)  
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show Gross Domestic Product (GDP)  
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show Gross National Income (GNI)  
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show trade surplus  
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when the value of a country's imports is higher than its exports   show
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show per capita  
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measures the development of a country on a scale of 0 to 1 by analyzing the country's GDP per capita, literacy rate, average education level, and total life expectancy   show
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show Gini Coefficient  
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show Gender-Related Development Index (GDI)  
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theory that all countries will go through 5 similar stages as they industrialize; created by Walt Rostow   show
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three main criticisms of the modernization model:   show
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theory that countries will get stuck in cycles of debt and repayment as they attempt to industrialize; created by Raul Prebisch   show
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Possible ways to end the cycle of dependency:   show
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money given from 1st world to 3rd world countries   show
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money loaned from organizations like the World Bank and IMF to developing countries to assist in industrialization and construction of infrastructure   show
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money invested by individuals or corporations in emerging economies with the hopes of making large profits   show
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show deindustrialization  
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reason why America deindustrialized   show
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states that retail locations should be placed in areas that meets the threshold number and minimizes the range of consumer travel   show
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theory that analyzes desireable traits in areas to attract protential employees   show
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cities that drive the global economy due to contentrations of money and power   show
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show global warming  
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