planned the first transport routes into the U.S. interior

Comparative advantage in trade

adjusts for countries' trade across a range of goods

In transportation, a network is

the total combination of nodes and links

increases internal regional trade by restricting imports

Which is the best example of an autarky?

North Korea which trades very little with the outside world

Entrepreneurship involves

the ability of manager to create new businesses and products

Often, countries like the Democratic Republic of the Congo are hampered because

of undeveloped transport networks

Often countries like China, Vietnam, and Indonesia can keep wages low because

labor is available in abundance

Though transportation is always costly .

gradually, transport has become less expensive

a tax on an imported good applied by the importer

Which are main activities which require transportation?

military, freight, and personal mobility

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Ch 17: Distribution and Transportation

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Distribution and Transportation

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Questions 21

Answers

1
Intelligent transportation systems might involve
highly sophisticated software programs
. computers
all of the other choices
Internet connectivity and communications
2
Albert Gallatin
personally build major roads from California eastward
planned the first transport routes into the U.S. interior
all of the other choices
1st U.S. politician to develop protectionist policies
3
Comparative advantage in trade
is best used when a country has an advantage in production
None of the other choices
of juicy hamburgers
adjusts for countries' trade across a range of goods
4
In transportation, a network is
all of the other choices
is a political composite of party supporters
the total combination of nodes and links
usually applied only to computer Internet connections
5
Early transport technology in the U.S. between the Great Lakes and rivers like the Ohio was
ports.
canals
the national railway
the Interstate Highway system.
6
Mercantilism
is security in trade by offering free exchanges of goods
increases internal regional trade by restricting imports
reduces trade by enhancing protectionism
None of the other choices
7
Which is the best example of an autarky?
North Korea which trades very little with the outside world
China increasingly trading more and more internationally
Japan which often still is leery of the U.S
Russia which has plenty of oil and natural gas
8
In 1830 it took 3 wks to travel from Chicago to NYC, by 1857, with new railroads, it took .
about 12 hours.
about 1 week
about 2 weeks
about 2 days
9
Asian countries have increased their exports and imports fueled largely by
Japan and China
Taiwan and South Korea
coal and oil
connections with the west coast of the United States
10
In terms of both imports and exports since the 1940s, Africa
has increased
has decreased
has stayed about the same
None of the other choices
11
The degree to which direct movement takes place all across a network expresses
political alliance.
transport surplus
network connectivity
trade imbalance
12
Entrepreneurship involves
the amount of money a business has to spend on improvements
the efficiency measured by the relative to a unit of labor.
the ability of manager to create new businesses and products
the # of new business of the same type entering the market
13
Often, countries like the Democratic Republic of the Congo are hampered because
of excess manufacturing output.
their raw materials are lacking
they have no agriculture to speak of
of undeveloped transport networks
14
When a country seeks to limit trade, in an attempt to enhance its own position, this is called
international compliance
protectionism
supply and demand
surplus
15
According to the graph, growth in international trade since the 1940s
has moved from 500 billion to over 12 trillion dollars
has increased dramatically
All of the other choices
has been same in dollar amounts in both exports and imports
16
An oil embargo was enacted on the United States by OPEC countries
in 1948
in 1932
in 1974
on September 11, 2001
17
Often countries like China, Vietnam, and Indonesia can keep wages low because
labor is available in abundance
work ethic is so high.
factory managers are so entrepreneurial.
their factories are so productive
18
Though transportation is always costly .
a rise in transport costs over the last three decades
gradually, transport has become less expensive
raw material expenses have remained at about the same levels
ocean transport is prohibitively expensive
19
A tariff is
an incentive for more impotrs
a kind of trade imbalance
an individual given the duty of policing trade
a tax on an imported good applied by the importer
20
Which are main activities which require transportation?
bicycles and trains
physical fitness, mental health, and social networking
military, freight, and personal mobility
desire, accomplishment, and satisfaction
21
Barriers to trade might be
both import and export productivity
tariffs or quotas
all of the other choices
deals encouraging free trade

Ch 17: Distribution and Transportation Flashcards | StudBud