Vocab-ish
Where did the Industrial Revolution first begin prior to spreading to other countries across the world?
What is England?
(also acceptable - Great Britain)
(Slide 58, and Indus. Rev. worksheet)
Illegal drug trade would be considered what kind of economy?
Informal
This is known as the lowest level of the three world system
What is Periphery?
(Slides 55-57)
Which sector is made of up agricultural jobs and economy?
What is Primary?
(Slides 8, 10, 11, 13, 21, 64-68 and group project)
Which of the following is a renewable resource A) Solar B) Water C) Wind D) All of the above
What is D) All of the above?
(Slides 14, 15, 26, 27, 32-35)
These small shops were destroyed/greatly reduced by the introduction of machines and the Industrial Revolution
What are Cottage Industries?
(Slide 58, and Indus. Rev. worksheet)
Businesses that are monitored, protected and taxed by the government are what type of economy?
What is FORMAL economy?
(Slides 28-31, 36)
An example of a core country would be
A) Africa
B) U.S.
C) India
D) Europe
What is US
Africa & Europe are continents, not countries!
(Slides 55-57)
Activities that involve the sale and exchange of goods and services that include warehousing, retail stores, personal services, and entertainment are
A) Quaternary economic activities
B) Secondary economic activities
C) Tertiary economic activities
D) Quinary economic activities
What is C: Tertiary
(Slides 8, 10, 11, 13, 21, 64-68 and group project)
Name 3 nonrenewable resources:
What are:
fossil fuels
coal
oil
natural gas
petroleum
nuclear energy
top soil
(Slides 14, 15, 26, 27, 32-35)
Imports and exports which show goods entering and leaving a country from abroad are an example of....
What is Globalization?
(Slides 41-42)
The action of buying or selling of goods or services
(Slides 9, 12, 69)
A country that has a combination of factories and retail would be considered which world trade system?
What is Semi-periphery?
(Slides 55-57, 60)
In the pre-industrial phase of urban settlement in the Unites States, the economy was dominated by:
A) tertiary activities
B) Quaternary activities
C) Primary activities
D) Secondary activities
What is C: Primary activities?
(Slides 8, 10, 11, 13, 21, 64-68 and group project)
Nonrenewable resources....
A) are living things such as fish or forests
B) cannot be replaced by any natural processes within our lifetimes
C) have reached maximum exploitation yields
D) were unrecognized by the early settlers
What is B) cannot be replaced by any natural processes within our lifetimes?
(Slides 14, 15, 26, 27, 32-35)
The total value of goods and services produced within a country within a specific time period, usually one year
What is Gross Domestic Product?
(Slides, 37, 38, 40)
Name the 3 indicators of development?
What are Education, Infant Mortality Rate and Life Expectancy?
A country whose economic success is largely dependent on healthcare, education, retail, researchers and scientists would be which world trade system?
What is Core?
(Slides 55-57, 60)
Which economic sector would house the following jobs:
agronomist, biologist, biotechnologist, astronomer
What is the Quaternary Sector?
(Slides 8, 10, 11, 13, 21, 64-68 and group project)
The idea that resources should be conserved so that people living today can meet their needs without limiting the ability of the future generations to do the same is called
A) globalization
B) gross national happiness
C) sustainable development
D) environmental conservation
What is C) sustainable development?
(Slides 32-35)
Definition of transnational company.....
A company that has locations in multiple (one or more) countries
What are 3 economic barriers?
What are:
foreign debt
disease/health issues
political instability
corrupt government
poor infrastructure
(Slides 6, 7, 20)
(Slides 44-47)
Describe the difference between offshoring and outsourcing?
Offshoring - same company located in more than one country
Outsourcing - company hires a 2nd company (3rd party) to complete a task or provide a specific good/service
(Slides 48-50)
You plan to open a business that sells naturally flavored bottled water.
Explain the primary, secondary, tertiary and quaternary steps needed for your business?
1 - gathering raw materials
2 - blending water with flavors and pouring into bottle
3 - selling
4 - analyzing sales, marketing, researching ways to do better, checking out competition, etc
Creating a world where the needs of the present are met without compromising the ability of future generations to meet their own needs
What is sustainable development?
Slides 34-35)