Job Sectors
Manufacturing is a what level job?
It's a secondary job
Is rapid economic growth a benefit or a drawback of globalization?
It's a benefit of globalization
What is the most important energy resource?
Oil
Based on this definition, what is the word?
Definition: An area including parts of the northeastern and midwestern US that is characterized by declining industry, aging factories, and a shrinking population. Steel-producing cities in Pennsylvania and Ohio are at its center.
Rust Belt
Having a job in sports media is a what level job?
It's a quinary job
Do Anti-capitalists on the left side(liberal) dislike or like globalization?
They dislike globalization
What type of countries(options: poor, developing, rich) are using Biomass as one of their energy sources?
Developing countries
Based on this definition, what is the word?
Definition: An economic system in which businesses are owned by private individuals and companies who are free to decide what to produce and how much to charge.
Capitalism
P = 40%
S = 30%
TQQ = 30%
What type of country is this? (Poor, developing, or wealthy)
It's a developing country
Name one period of weak globalization
(Multiple Different Answers) Middle Ages, WWI, Great Depression, WW2, Cold War
What type of resource is fish?
It's a food resource
Based on this definition, what is the word?
Definition: An economic and political system in which the central government holds the means of production in common for all of the citizens.
Communism
In wealthier economies, do they see a high or low % in TQQ? (higher ED and Tech use)
They see a high % in TQQ?
List one group of people on the right side(conservative) that dislikes Globalization.
(Multiple Answers): Economic and cultural nationalists, Anti-Immigrant Groups, Religious Fundamentalists, Anti-American
List the three main countries that produce coal.
China, India, and the USA
Based on this definition, what is the word?
Definition: A cost that does not change based on the level of output that a business produces.
Fixed cost
Developing economies see a rise in what level of job?
They see a rise in secondary-level jobs
List one group of people from both the left(liberal) and right(conservative) political sides that likes globalization:
Left side: Human Rights Activists, the "Techies"(Amazon, Google, Ali-Baba, etc), pro-multilateralists
Right side: Free market capitalists and entrepreneurs, American Exceptionalists
What does the abbreviation OPEC stand for?
It stands for the Organization of Petroleum Exporting Countries
Based on this definition, what is the word?
Definition: A business practice used by companies to reduce costs or improve efficiency by shifting tasks, operations, jobs, or processes to another country.
Outsourcing