Industrial Revolution
Which of the following can be categorized as a primary economic activity?
Coal mining
Compared with more-developed countries, which of the following statements is true of less developed countries?
A higher percent of the labor force is engaged in the primary and secondary economic sectors
According to Wallerstein’s World System Theory, what are the three main categories that countries are divided into?
Core, semi-periphery, and periphery
The _________________ is determined by looking at a country’s life expectancy, expected years of schooling and national income per capita.
HDI
define sustainable development
depends on connecting economic development and the preservation and protection of environment resources while also supporting individual and community well-being.
How did the Industrial Revolution impact colonialism and imperialism?
It led to the rise of colonialism and imperialism
Quaternary economic activities are those that
involve the collection, processing, and manipulation of information
What are some characteristics of jobs in the formal economy?
Jobs and activities are regulated and taxed by the government
Which of the following is not used as a benchmark for the gender gap index?
Social status and opportunity
Countries that strive to meet the United Nations’ sustainable development goals often see their _______________ increase.
Standard of living
Which of the following would best describe a break-of-bulk point?
An area where goods are moved from one form of transportation to another
_______________ is the process by which countries, economies, cultures, businesses, and people become interconnected and interdependent on one another.
Globalization
During which stage of Rostow’s model does the economy start to grow due to more investment in infrastructure and education?
Preconditions for takeoff
The literacy rate of any country correlates most closely with which of the following?
Per capita income
What is an example of the trend toward ecotourism?
Rainforest wildlife in Costa Rica
Mountain gorillas in Rwanda
Coral reefs in Australia
Whale watching in Kaikoura, NZ
Marine life on the Galapagos Islands
Volcanoes and glaciers in Iceland
How did the Industrial Revolution impact demographic trends?
It caused the population growth rate to increase
Toyota, McDonald’s, and Google are all examples of what?
Transnational corporations
What is the dependency theory?
A theory that states development of certain countries is hindered by their dependence on developed countries for economic growth and resources
Define microfinance
programs providing loans to women to start/expand a business
True or False: As countries develop economically they reduce the amount of fossil fuels that they consume
FALSE
What are special economic zones?
Regions within a country that provide different economic incentives with the objective of attracting foreign investment and promoting economic growth
What are economies of scale?
The increase in efficiency and decrease in cost per unit of production as companies get larger
What is the difference between outsourcing and offshoring?
Outsourcing is when a company hires another company to do a job or provide a service, while offshoring is the relocation of a business’ process to a foreign country
Why might GDP growth not reduce gender inequality?
GDP measures economic output, not gender equity or distribution of opportunity.
How can meeting SDGs slow population growth?
Education and reduced poverty lower fertility rates.