Rostow's Stages of Economic Development
Which stage is focused on farming, uses little technology, and has almost no trade with other countries?
Traditional Society
Which type of industry includes jobs that involve farming, fishing, or cutting down trees?
Primary Industry
What is it called when a company hires another business to do work for them, like manufacturing or customer service?
Outsourcing
What happened to the cod fishing industry in Newfoundland in the 1990s?
It collapsed due to overfishing and environmental problems
What does the “R” in “Reduce” mean when it comes to the environment?
Using less or not buying more than you need
In what stage do living standards rise, technology improves, and the economy becomes more diverse?
Drive to Maturity
What kind of industry is focused on services like healthcare, education, and transportation?
Tertiary Industry
What type of economy is fully controlled by the government, including what is made and how it's sold?
Command Economy
What type of industry did Newfoundland start as, and what did it become?
Primary Industry to Tertiary Industry
Why was the Fogo Island Inn built on stilts?
To copy old fishing buildings and protect the environment
Which stage is marked by lots of production, consumer spending, and a strong capitalist economy?
Age of High Mass Consumption
Which industry involves doing research, creating new ideas, or sharing information?
Quaternary Industry
Melting plastic or glass to make new products is part of which “R”?
Recycling
How does the Fogo Island Inn help the local economy?
Creating jobs and supporting local businesses
What is an example of a Quinary industry job?
A government official or a CEO
During which stage does the economy grow quickly and industrialization begins?
Take-off
Mining is part of which type of industry that takes raw materials from nature?
Primary Industry
What does the acronym NIMBY stand for?
Not In My Backyard
Who created the Fogo Island Inn
Zita Cobb
What kind of economy has both private businesses and government-controlled industries?
Mixed Economy
In which stage does a country start to build factories and connect more with the world?
Preconditions to Take-off
Turning wheat into bread or metal into cars happens in which industry type?
Secondary Industry
What is added to imported goods to raise prices and protect local industries?
Tariff
As fishing and mining jobs decreased, what kind of jobs became more common?
Service jobs like tourism and hospitality
What level of industry includes jobs in banking, teaching, and healthcare?
Tertiary Industry