Key Terms
Key Terms
Globalization
Outsourcing & Economy
Economy & Resources
100
What is Free Trade?
What is the flow of goods and services across national borders, with little or no government control
100

What is Multi-National Enterprise?

What is a large company that has operations in more than one country

100
Which of the following technologies has contributed to globalization in recent years? 1. the internet 2. HD Television 3. electric cars 4. steam power
What is the internet
100
A man who lives in Bangalore, India, works in a customer-service center for a company that is based in Salt Lake City, Utah. Which development helped create this economic opportunity? 1. Lower costs for international transportation 2. Advances in data processing 3. Improvements in communication technology 4. More restrictions on international trade
What is improvements in communication technology.
100
Texas is a rich source of leather because 1. the lack of other resources in the state. 2. the abundance of livestock in the state. 3. government subsidies encourage leather crafts. 4. the humid forests of East Texas provide the perfect environment for leather tanning.
What is the abundance of livestock in the state.
200
What is information technology?
What is the use of technology to move, record, and process information. Includes computers, communication satellites, cell phones, and the internet.
200
What is outsourcing?
What is to hire someone outside a company to do work that was once done inside the company.
200
One advantage of globalization today is 1. job loss 2. preservation of traditional cultures 3. increased access to consumer goods 4. improved environmental conditions
What is increased access to consumer goods
200
12. In recent years companies from more developed nations have often built new production facilities in less developed nations. This outsourcing has occurred because less developed nations frequently have— 1. a favorable climate 2. capital resources 3. a supply of inexpensive labor 4. greater political stability
What is a supply of inexpensive labor
200
Which statement provides an important reason why countries and regions specialize in their economic activities? 1. They become more self sufficient 2. They do not wish to compete 3. They have different productive resources 4. They are unable to overcome trade barriers
What is they have different productive resources.
300
What is globalization?
What is the development of a global, worldwide, society in which people, money, information, and goods flow freely across national borders
300
One result of economic zones like the European Union or the NAFTA free trade zone is 1. Increased trade amongst neighboring countries 2. Increased political tensions within the zones 3. a weakening of economies within the zones 4. a slowing of globalization
What is increased trade amongst neighboring countries
300
Which challenge of globalization is demonstrated by the rapid spread of SARS virus in 2003 and the H1N1 flu in 2009? 1. Cultural movements that limit vaccinations for children 2. Health problems caused by decreased government funding 3. Accelerated transmission of disease due to increased travel 4. Improved sanitation resulting in resistant strains of viruses
What is accelerated transmission of disease due to increased travel
300
Which of the following factors helped lead to the outsourcing of shoe manufacturing? 1. decrease in demand for athletic shoes 2. weakening of labor laws in the United States and Europe 3. location of raw materials needed to produce shoes 4. a decline of the global population
What is location of raw materials needed to produce shoes.
300
"Country A has large deposits of iron and the technology to make cars and trucks. However, it lacks grazing land to raise livestock to create butter. Country B is covered in rolling fields and has a large supply of cows. Its farmers are efficient at making large amounts of butter, but they do not produce trucks to carry this butter to cities and ports." *Based on the above facts, which of the following is most likely to result in the near future? 1. Country A will begin to make its own butter 2. Country A and B will trade products with each other 3. Country B will start to manufacture its own trucks 4. Country B will sell trucks to Country A
What is Country A & B will trade products with each other.
400
What is comparative advantage?
What is the ability of one country to produce a good or provide a service at a lower cost more effectively than another country
400
"Digital mapping is about to change our world by documenting the real world, then integrating the information into our computers, phones, and lifestyles. Roll over, Mason and Dixon: spurred by space photography, global satellite positioning, mobile phones, search engines and new ways of marketing information for the World Wide Web, the ancient art of cartography is now on the cutting edge." *Based on this quote, information technology 1. has no practical application in the study of Geography. 2. will more fully integrate geographic information into our daily lives. 3. will make the study of geography unnecessary. 4. will make it more difficult for the average person to apply geographic information.
What is will more fully integrate geographic information into our daily lives.
400
Which of the following has aided in the global distribution of goods the most? 1. High tariffs placed on imports 2. An increase in oil prices 3. New forms of transportation 4. Regional conflicts
What is new forms of transportation.
400
“The speed with which computers have spread is so well known it hardly needs elaboration. If the automobile industry had done what the computer industry has done in the last 30 years, a Rolls-Royce would cost $2.50 and would get 2,000,000 miles to the gallon.” *Which sentence best summarizes the main idea of the passage? 1. Technology has replaced skilled workers in almost every job market 2. Computers can perform more complicated tasks quickly and efficiently 3. GPS will replace all paper maps by year 2015 4. Computers are becoming less expensive and more efficient
What is computers are becoming less expensive and more efficient.
400
As certain natural resources become more scarce- 1. communities and countries are working more peacefully together to in order to meet needs. 2. conflicts between cultures and nations continue to increase. 3. it is becoming easier to meet basic needs of the earth’s population. 4. population decline is helping to lessen the impact.
What is conflicts between countries and nations continue to increase.
500
What is economic interdependence?
What is a condition in which countries have strong economic ties and depend on each other for resources, technology, trade, and investment
500
All of the following are considered forms of information technology except 1. Global Information Systems 2. the internet 3. Fracking 4. Global Positioning System
What is fracking.
500
An example of a negative effect of globalization would be: 1. The loss of Tunisian artisans skilled in making traditional Arabic instruments. 2. Rising standards of living throughout South East Asia 3. Asian factories losing contact with North American markets 4. A decline in national GDP’s around the world
What is the loss of Tunisian artisans skilled in making traditional Arabic instruments.
500
8. Which statement provides an important reason why countries and regions specialize in their economic activities? 1. They become more self sufficient 2. They do not wish to compete 3. They have different productive resources 4. They are unable to overcome trade barriers
What is they have different productive resources
500
TOP 5 IMPORTS: Furniture, Footwear, Toys, Automotive Parts, Apparel; TOP 5 EXPORTS: Wastepaper, Cotton, Grains Products, Scrap Metal, Animal Feed &Which of the following best summarizes the information in the table? 1. The economics of the United States is very diverse 2. The economy of the United States is based on agriculture 3. The United States economy is dominated by exports 4. The economy of the United States is based on manufacturing
What is the economics of the United States is very diverse.
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