Geographies of Economic Development
Economic development is NOT even over space in
A) the world system.
B) core countries.
C) peripheral countries.
D) both the world system and core countries
E) the world systems, core countries, and peripheral countries
E) the world systems, core countries, and peripheral countries.
"Dependency" for peripheral countries means that they are dependent on core countries for all of the following except
A) demand.
B) labour.
C) investment.
D) technology.
E) imports.
B) labour.
Immanual Wallerstein (page 277) suggested that "Development somewhere requires underdevelopment elsewhere." Which means wealth somewhere requires poverty elsewhere. This is known as what?
Dependency Theory
What do the following areas all have in common?
Lichtenstein, Monaco, Panama, The Cayman Islands, Channel Islands (Jersey), Mauritius, Singapore, and Switzerland.
They are all tax havens.
A fisherman would be considered a part of this economic activity:
A) primary
B) secondary
C) tertiary
D) quaternary
E) quinary
A) primary
To most equitably compare the relative levels of economic development of different countries, and to adjust for their different currencies, it is best to use
A) Gross Domestic Product.
B) Gross Domestic Product per capita.
C) Gross National Income per capita.
D) Purchasing Power Parity.
D. Purchasing Power Parity
The cost savings and/or advantages that individual firms get when they are located in the same area as other firms of the same industry is known as a(n) ________ economy.
A) remittance
B) external
C) ancillary
D) localization
E) deindustrialization
D) localization
The key concept in neo-Fordist production systems is
A) flexibility.
B) externality.
C) localization.
D) disintegration.
E) elasticity.
A) flexibility.
The goal of the Fair Trade movement is to
A) encourage sustainable production.
B) promote social justice.
C) ensure living wages for producers.
D) value women's work.
E) encourage sustainable production, promote social justice, ensure living wages for producers, and value women's work.
E) encourage sustainable production, promote social justice, ensure living wages for producers, and value women's work.
A teacher would be considered a part of this economic activity:
A) primary
B) secondary
C) tertiary
D) quaternary
E) quinary
C) tertiary
The Gross Domestic Product (GDP) of a region or country includes the total value (in a given year) of all but which of the following?
A) foodstuffs produced in the country
B) services produced in the country
C) machinery produced in the country
D) profits from abroad (overseas)
E) both foodstuffs and services produced in the country.
D) profits from abroad (overseas)
All of the following countries make up the four tigers except:
A) South Korea
B) Taiwan
C) Hong Kong
D) Japan
E) Singapore
D) Japan
According to W. W. Rostow's model of economic development, in order for a country to be ready for "take-off" it must have
A) an investment in manufacturing equal or greater than 10 percent of national income.
B) a physical infrastructure and a social/political elite.
C) comparative advantages in international trade, which it exploits.
D) a majority of the population engaged in tertiary activities.
E) a democratic form of government.
B) a physical infrastructure and a social/political elite.
Secretive and hidden from taxation, as much as 60% of the world's money lies in offshore financial centers distributed throughout the world's
A) smaller countries and islands.
B) rogue states.
C) core.
D) periphery.
E) export processing zones.
A) smaller countries and islands.
In the United States, the smallest percentage of the labor force is engaged in
A) primary activities.
B) secondary activities.
C) tertiary activities.
D) quaternary activities.
A) primary activities.
The ability of a country to explore and exploit its resources is based on all but which of the following?
A) the value of its resources
B) technological innovations in the country and around the world
C) the political situation in that country
D) economic conditions in that country
E) the value of its resources, technological innovations in the country and around the world, and the political situation and economic conditions in that country.
E) the value of its resources, technological innovations in the country and around the world, and the political situation and economic conditions in that country.
Of the following, which has benefited at the expense of all of the others in the global shift toward open markets and free trade through neoliberal policies propagated by core countries?
A) corporate businesses
B) the environment
C) public investment in transportation and public utility infrastructure
D) the power and influence of labor unions
E) role of central and local governments as mediators and regulators
A) corporate businesses
The author of the world-system theory was:
A) Von Thunen
B) Weber
C) Wallerstein
D) Mackinder
E) Rostow
C) Wallerstein
World's largest owner of retail property.
A) McDonald's
B) Wal-Mart
C) Nestle
D) Benetton
A) McDonald's
With the exception of some oil-rich economies, countries with large primary sectors of the economy have GDPs per capita ________ countries with large tertiary sectors.
A) higher than
B) lower than
C) quite similar to
D) sometimes higher/sometimes lower—cannot generalize
B) lower than
Manufacturing based on assembly line techniques and high wages, and reliant upon mass consumption, is known as
A) Fordism.
B) Toyotaism.
C) Reaganomics.
D) Chryslerism.
E) just-in-time manufacturing.
A) Fordism.
Which of the following countries has the smallest amount of raw materials and sources of energy?
A) United States
B) Canada
C) Russia
D) Japan
E) Australia
D) Japan
W. W. Rostow's model of economic development encourages the perception that every country is striving for and moving toward
A) high mass consumption.
B) postindustrialism.
C) socialism.
D) economic self-sufficiency.
E) democracy.
A) high mass consumption.
According to our text, ________ is (are) currently the company associated most with political-economic power and the negative cultural consequences of globalization.
A) Wal-Mart
B) the New York Yankees
C) Coca-Cola
D) Starbucks
E) Crazy Jim's Blimpy Burgers of Ann Arbor, MI
A) Wal-Mart
12) In the world system, highest levels of per capita GDP are found in economies where the tertiary and quaternary sectors dominate the workforce. These economies are known as
A) industrial.
B) nonindustrial.
C) postindustrial.
D) sustainable.
E) newly industrialized.
C) postindustrial.