Which two factors did Weber want to minimize? Which factor did he want to maximize? Which is the most important?
-Min: Labor and Transportation costs (most important)
-Max: Agglomeration
200
Why is there a wage gap between men and women? Provide 3 reasons.
Because, women often don't get offered as much money as men. Next, women are overlooked when it comes to managerial positions. Women can't always work longer hours due to their domestic responsibilities. Women are less likely to get raises.
300
What is the similarities and differences between outsourcing and offshoring?
Both use foreign labor.
Outsourcing is secondary (factories), offshoring is quarternary (i.e. call centers)
300
Describe the differences between GDP, GNP, and GNI.
-GDP is money from within the country only
-GNP is money from within the country + money made by your country's citizens overseas. Excludes foreign labor.
-GNI is money from within your country + dividends from overseas investments (i.e. loans).
300
What does HDI stand for? What 3 things does it measure?
Human Development Index
-Life expectancy
-Literacy
-Purchasing Power
300
List 3 core countries, 3 peripheral, and 3 semi-peripheral. Be sure to explain what each group does.
AWV
-Core: manufacture
-Periphery: cheap labor and raw materials
-Semi-periphery: tasks from the core and periphery
300
Describe how Weber's locational triangle relates to weight.
Weight-Gaining (i.e. cars): the factory is closer to the market to cut down on transportation costs
Weight-Reducing (i.e. paper, iron, etc.): the factory is closer to the factory for the same reason
400
Name all four of the Asian Tigers/Little Dragons. What do they specialize in?
-Taiwan
-Hong Kong
-Singapore
-South Korea
They specialize in trade.
400
List four detrimental effects of global warming.
-Sea Level rising
-Loss of habitats
-Storms
-Hot
-Fires
Etc.
400
List five specific differences between MDCs and LDCs.
AWV
400
What is the NIDL? How has it made Wallerstein's World Systems Model inaccurate?
-New International Division of Labor
-Because core countries don't manufacture anymore, we outsource to the periphery and semi-periphery.
400
Describe how all 5 sectors of the economy relate to a corporation specializing in producing t-shirts.
-Primary: grow the cotton
-Secondary: make the t-shirts
-Tertiary: sell the t-shirts at the store
-Quarternary: find ways to market the t-shirts or ways to modify the cotton
-Quinary: the CEO of the company
500
The crisis in the early 2000s in which thousands of people lost their jobs in the high-tech industry. This was caused due to the fact that these businesses grew too fast, without a solid plan for development and building a solid revenue.
Dot Com Bubble Collapse
500
Explain the pros and cons of three sustainable forms of energy.
List all 6 stages of Rostow's Model. Provide a brief description of each, and an example of a country in that stage.
-Traditional: subsistence, low/no industry (Africa)
-Preconditions for Takeoff: development of institutions and infrastructure (various LDCs)
-Takeoff: industrialization (various LDCs)
-Drive to Maturity: further development, diversification, self-sufficiency (NICs)
-High Mass Consumption: fully developed; tertiary (MDCs)
-Postindustrial: lots of outsourcing; quarternary (MDCs)
500
The name of the THEORY which relates to MDCs exploiting LDCs. MDCs get richer and the LDCs get poorer.