Unit 2 DTQ 1
Oil, Fossil Fuels, and Metals are all considered to be what type of resource?
Nonrenewable Resource
A lawyer is in what level of economic activity?
Quaternary (4)
Define Economic Benefit in terms of making decisions about resources
Will these resources make money for the country?
What is rural to urban migration?
Moving from the country to the city
True or False: Developed countries have a higher standard of living
True
People, their skills, and education are all considered what type of resource?
Human Resources
The secondary level of economic activity includes jobs that do what to natural resources?
Process or manufacture them into goods
Define sustainability in terms of looking at resource use.
Can this resource be used more than once/long term?
What does it mean to be landlocked?
Surrounded by land on all sides, no access to the sea/water
Developed or Developing:
High population growth rate
High Infant Mortality Rate
Developing
True or False: All resources are evenly and equally distributed around the world.
False
Name 2 types of jobs that fall into the primary level (1) of economic activity.
Examples:
Farmer
Miner
Fisherman
And more
Why is it important to consider the benefit of resource use on the community?
Consider if it will make things better for the people who live there
What is globalization?
Connectedness and interdependence of cultures and countries
Developed or Developing:
Low Birth and Death Rates
Developed
What is it called when a good or service leaves the country for profit?
Export
Teachers, Bus Drivers, and retail workers all fall into which category of economic activity?
Tertiary (3)
What does it mean to consider the ethical considerations?
Is it going to be equal or fair or safe for others?
What does it mean to industrialize?
To use more machines and technology
Developed or Developing:
High Literacy Rate
High Per Capita GDP
Developed
Computers, Machines, Money are all considered what type of resource?
Capital Resources
What is comparative advantage?
Being able to produce goods more efficiently than others
What are some concerns for countries when using resources and considering the environmental impact?
How will this affect land, air, water, animals, etc.
The EU, OPEC, and ASEAN are all examples of what?
Economic Unions
Country A has a GDP of $23,000, literacy rate of 89%, and a population growth rate of 1.1%.
Are they developed or developing?
Developing