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Unit 3: Economic Geography Flashcards | StudBud
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Unit 3: Economic Geography
Unit 3: Economic Geography
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Review of Unit 3 on Global Economics
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
Countries will export goods and services that they can produce at lower costs. This is called-
Monopoly
Oligarchy
Capitalism
Comparitive advantage
2
Based on this map, which of the following statements about economic activity is correct?
These countries have similar access to modern technology
These countries have similar access to human resources
Landlocked countries have limited access to trade routes
Coastal countries have limited access to natural resources
3
Which country has limited natural resources and uses crops in exchange for manufactured goods?
Japan
Cote d'Ivoire
Switzerland
Russia
4
Which resource allows nations to develop a high per-capita Gross Domestic Product (GDP)?
State-owned farms
Humanitarian aid
Skilled workforce
Governmental restrictions
5
Which factor is matched with the correct box?
Medical innovation in box 2
Agricultural output in box 2
Environmental concerns in box 1
Population growth in box 1
6
Which example best explains the internationalization of product assembly?
Textiles
Commercial Fishing
Vehicles
Financial Services
7
Which of the following is considered a nonrenewable resource?
Trees
Soil
Iron
Water
8
Money is an example of-
Natural resource
Nonrenewable resource
Capital resource
Labor resource
9
NAFTA is an economic agreement between the United Staes, Mexico, and-
Guatemala
El Salvador
Canada
Puerto Rico
10
Which activity best completes this table?
Canning
Ranching
Fishing
Banking
11
Which of the following is considered a renewable resource?
Gold
Water
Oil
Coal
12
Which resource makes the shaded countries economically interdependent?
Corn
Coal
Oil
Grains
13
One reason some companies choose to participate in this practice is the-
Opportunity to lower production costs
Lack of essential services
Support for new technologies
Need to establish labor unions
14
Which factor is most directly related to the level of economic development of a country?
Langauge
Urbanization
Religion
Climate
15
Which of the following includes developing nations?
Europe
Scandinavian countries
North America
Sub-Saharan countries
16
What has been a disadvantage of the formation of economic unions?
They give access to more resources without trade restriction
Agribusiness replaced the use of family farms
The have led to the creation of more efficient industries
They have more of an influence on world markets
17
Which factor most discourages the use of these types of resources?
Environmental Issues
Financial Profits
Technological Developments
Employment Levels
18
Which country has resources, but is unable to use them because of climate and other problems?
Japan
Germany
Russia
United States
19
The widespread use of wood has caused-
Deforestation
Greater transportation opportunities
NAFTA
Greater transportation problems
20
Which country is highly industrialized, but has limited resources?
United States
Russia
China
Japan
21
Which title best completes this diagram?
Costs of resource use
Cultural influences on production
Demand created by technology
Priorities in economic development
22
Which change occurred as a result of industrialization?
Subsistence farming replaced commercial agriculture
Surface transportation replaced air transportation
Factory systems replaced cottage industries
Military production replaced consumer industries
23
In the US, no nuclear power generators have been constructed since 1996, primarily because of-
Opposition from coal miners
Discovery of vast oil deposits
Concerns over issues of safety
Low cost of generating electricity
24
What alliance has made Malaysia and Thailand the most developed economies in their region?
NAFTA
EU
OPEC
ASEAN
25
What conclusion can be drawn from this excerpt?
There is competition for resources among countries
The price of gasoline is declining in developing countries
Economic alliances are formed for resource conservation
Modern industry uses a minimal amount of petroleum
26
Which phrase best competes this diagram?
High literacy rates
Low average income
Low disease rates
High average income
27
Which of the following has an internal combustion engine?
Nuclear reactor
Solar panel
Steam engine
Automobile
28
Which picture illustrates a primary economic activity?
3
2
1
4
29
Steam engines caused a demand for-
Solar
Wood
Wind
Coal
30
Imperialism is a-
Policy of trading between countries so both benefit
Policy of interdependence between countries to share ideas
Policy of taking control of foreign entities for one's gain
Policy between countries where one country limits trade