Lets Get Industrial!
Econ 101
Benchmarks
Girl Power
That's Just a Theory...
Wanna Trade?
A Whole New World
Tree Huggers
100
This country served as the hearth of the Industrial Revolution due to its access to coal, iron, and navigable waterways.
What is Great Britain?
100
A corporate executive making high-level decisions about global investment strategy is working in this economic sector.
What is the Quinary Sector?
100
This group of countries uses the most energy resources globally.
What are More Developed Countries/ Core Countries?
100
As women gain access to education and employment opportunities, this demographic measure typically declines in more developed countries.
What is TFR?
100
In Rostow’s Stages of Economic Growth, countries must invest in transportation, communication, and energy systems during the “preconditions for takeoff” stage. These systems are collectively known as this.
What is Infrastructure?
100
Economic policies that promote reducing tariffs, eliminating trade barriers, and encouraging global economic integration are best described as this approach.
What is Neoliberalism (Free Trade)?
100
When companies move manufacturing jobs from developed countries to lower-wage countries in order to reduce production costs, this process is occurring.
What is Offshoring?
100
This approach to development focuses on meeting current needs without compromising the ability of future generations to meet their own needs.
What is Sustainable Development?
200
Industrialization led to this major population shift, as people moved from farms into cities in search of factory jobs.
What is Rural-to-Urban Migration?
200
In this type of country, often classified as semiperiphery in Wallerstein’s model, the secondary sector typically makes up the largest share of economic activity.
What is a Newly-Industrialized Country (NIC)?
200
The relationship between a country’s level of development and its life expectancy is best described using this type of relationship, where both variables increase together.
What is direct correlation?
200
This index specifically measures inequality between men and women by analyzing differences in reproductive health, empowerment, and labor force participation.
What is the Gender Inequality Index (GII)?
200
This model, also known as the Wallerstein’s World-Systems Theory, divides the world into core, semiperiphery, and periphery regions based on economic relationships.
What is the Core-Periphery Model?
200
This group of emerging economies—including countries like Brazil, Russia, India, China, and South Africa—has expanded in recent years and is seen as a growing force in the global economy.
What is BRICS+?
200
In regions like the Rust Belt of the United States, the loss of manufacturing jobs led to declining local businesses and population loss. This chain reaction is known as this effect.
What is Reverse Multiplier Effect?
200
These 17 global goals established by the United Nations aim to address issues like poverty, inequality, and environmental sustainability by 2030.
What are the SDGs?
300
Industrialized nations used their economic and military power to expand globally in this system, often to secure raw materials and new markets.
What is Imperialism?
300
Based on the locational triangles above, the industry on the right would best be described as this.
What is a Bulk-Gaining Industry
300
This measure of income inequality provides an advantage over GDP or GNI per capita because it reveals how evenly wealth is distributed within a country.
What is the Gini Coefficient?
300
Small, low-interest loans given primarily to women in developing countries to start businesses and improve economic independence are known as these.
What are Microloans?
300
In Rostow’s model, a country like Thailand that has a diversified economy, widespread use of modern technology, and declining reliance on any single industry is most likely in this stage.
What is the Drive to Maturity?
300
A country that can produce a good at a lower opportunity cost than another country is said to have this, which encourages specialization and trade.
What is Comparative Advantage?
300
These designated areas within countries are designed to attract foreign investment by offering tax incentives, reduced regulations, and access to transportation hubs such as ports where goods are transferred.
What are SEZs?
300
This type of tourism promotes environmental conservation and supports local communities by minimizing negative environmental impacts.
What is Ecotourism?
400
The invention of this technology helped spread industrialization by improving transportation and powering factories, accelerating diffusion across regions.
What is the Steam Engine?
400
A shipping company reduces transportation costs by using standardized intermodal transport cases that can be easily transferred between ships, trains, and trucks at a major port. This process, often occurring at a break-of-bulk point, is best described as this concept.
What is Containerization?
400
In many developing countries, economic activity such as street vending and unregistered labor is widespread, representing this limitation of GDP and GNI measurements.
What is the informal/ shadow economy?
400
Organizations such as Amnesty International often advocate for women’s rights globally without being directly tied to a government. These are best classified as this type of organization.
What are non-governmental organizations (NGOs)?
400
A theory argues that many poorer countries remain underdeveloped because their economies are structured to export raw materials to wealthier countries, limiting domestic industrial growth and keeping them economically reliant.
What is Dependency Theory?
400
For trade to occur, one country must demand a good that another country can supply. This necessary condition for trade is known as this.
What is Complementarity?
400
A government invests heavily in infrastructure and industry in a city like Shenzhen or Dubai, expecting economic development to spread to surrounding regions over time. This strategy is based on this concept.
What are Growth Poles?
400
In highly developed countries, high levels of this behavior—characterized by mass consumption of goods—contribute significantly to resource depletion and environmental degradation.
What is Consumerism?
500
This American production system used assembly lines to increase efficiency and lower costs, allowing for mass production and economies of scale.
What is Fordism?
500
A tech company relocates its data processing centers across multiple regions based primarily on tax incentives and labor costs, rather than proximity to raw materials or markets. This behavior is most characteristic of this type of industry.
What is a Footloose Industry?
500
The Human Development Index (HDI) is a composite score used by the United Nations to measure the development of countries based on these 3 statistics.
What are life expectancy, education (years of schooling), and GNI per capita?
500
Even in highly developed countries, women are often underrepresented in top leadership roles due to invisible barriers limiting advancement. This phenomenon is known as this.
What is the Glass Cieling?
500
When multinational corporations from wealthier countries dominate industries, influence policy, and extract profits from less developed countries without formal political control, this modern form of economic influence is taking place.
What is Neocolonialism?
500
This South American trade bloc was formed to promote economic integration and reduce tariffs among member states such as Brazil and Argentina.
What is Mercosur?
500
In post-Fordist production, companies minimize inventory costs by receiving goods only as they are needed in the production process, increasing efficiency and flexibility. This system is known as this.
What is Just-in-Time Delivery?
500
Since the Industrial Revolution, the rapid increase in this—primarily from burning fossil fuels—has contributed significantly to global warming and climate change.
What are Greenhouse Gas Emissions?