Trade where there are no restrictions

Which of the following is an example of cultural diffusion?

Buddhist Temples in Russia, McDonald's in Asia, K-pop from Korea in the US

What is the definition of economics?

Study of how people produce, distribute, use goods/services

What is comparative advantage?

To make a product most efficiently

What are some ways that companies can compete with one another?

Improving quality of goods, Lowering prices

How does high competition between companies affect prices for consumers?

Prices go down. Consumers can buy from another company.

a person or company who produce (make) something

What is the definition of a consumer?

Person who buys and uses goods & services

Which of these is the definition of a Developing country.

A non-industrialised country with a lower living standard.

What is a trade barrier?

Blocks or inhibits international trade between countries

Which of these is the definition of a developed country?

A country with a lot of industrial activity and high income.

Why do nations trade?

To gain things they have in exchance for things they need

What is standard of living?

the quality of life someone lives

What is the definition of Social Structure and Class?

The different levels or classes in a society

commonality in people's daily lives, languages spoken, religions practiced

aggregate of people living together

Why is religion an important culture trait?

It gives people their purpose in life, It gives people their moral compass, It gives people answers to life's toughest questions, It gives people a community

What would be the main difference between developed & developing countries & natural resources?

Developed countries use natural resources more effectively.

cost of choosing one opportunity or investment over another

What are the three economic questions?

What to produce, for whom to produce, how to produce it?

When prices go up but your money doesn't buy as much.

Social process when culture is passed on society to another group

The definition of culture is . . .

The way a particular group of people lives and understands the world.

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Quiz (2) Introduction to Geography Part 2

26 termsStudBud Administration27 plays

Lesson 5 – Culture and Society Lesson 6 – Economics Basics Lesson 7 – Trade and Development

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Questions 26

Answers

1
What is Free Trade?
Trade where there are no restrictions
Trade that does not require any money exchange
Trade that happens strictly on an intercontinental basis.
Trade that happens strictly on a local basis.
2
Which of the following is an example of cultural diffusion?
Buddhist Temples in Russia
McDonald's in Asia
Mesquite trees in Texas
K-pop from Korea in the US
3
What is the definition of economics?
Study of how people produce, distribute, use goods/services
The study of people and their jobs
The study of money
The study of the marketplace
4
What is comparative advantage?
To make the most of a certain prooduct
Who uses the most resources has the biggest advantage
To compare two goods and decide which is better
To make a product most efficiently
5
What are Tariffs?
Shipping Crates
Taxes on Molasses and Sugar
Taxes on Imports and Exports
Crates From Different Countries Smashing into each other.
6
What are some ways that companies can compete with one another?
Improving quality of goods
Lowering the quality of food but increasing the price.
Improving the quality of food but lowering the price
Lowering prices
7
How does high competition between companies affect prices for consumers?
Prices go up. Consumers have a high demand for the product.
Prices stay the same. Competition doesn't influence price.
Prices go down. Consumers can buy from another company.
Prices stay the same. Competition stabilizes prices.
8
Producer
someone who is in charge of the local government
a person who buys something
none of the above
a person or company who produce (make) something
9
What is the definition of a consumer?
Person who likes to eat food
Person who has a car and uses it
Person who buys and uses goods & services
A chicken
10
Which of these is the definition of a Developing country.
The wearing away of the Earths surface by wind, water or ice
An outpost set up by a country, kingdom or empire.
A non-industrialised country with a lower living standard.
The state of being extremely poor.
11
What is a trade barrier?
Decreases US security
Brings money out of the country
Blocks or inhibits international trade between countries
Increases Net Exports
12
Which of these is the definition of a developed country?
The transformation of fertile land into dry desert areas.
A country with a lot of industrial activity and high income.
The increase in numbers of people living in urban areas.
Countries that focus more on agriculture than infrastructure
13
GDP
Gross domestic people
Gross Domestic Development
Grass Domestic Product
Gross Domestic Product
14
One negative effect of the cultural diffusion Latin America experienced during colonization is
increased number of storms
introduction of cattle ranching
destruction of the tropical rainforests
expansion of the slave trade
15
Why do nations trade?
They don't
To swap religions
To gain things they have in exchance for things they need
To have fun
16
What is standard of living?
the quality of life someone lives
the percentage of people who can read and write
how much someone makes a year
17
What is the definition of Social Structure and Class?
The different types of groups in society
The different types of communities
The different levels or classes in a society
The different styles of learning in groups
18
Elements of culture
commonality in people's daily lives
languages spoken
standard of living
religions practiced
19
Society
Non of them
People
All of above
aggregate of people living together
20
Why is religion an important culture trait?
It gives people their purpose in life
It gives people their moral compass
It gives people answers to life's toughest questions
It gives people a community
21
What would be the main difference between developed & developing countries & natural resources?
Developing countries do not have ability to use resources.
Developing countries export their resources to rich nations.
Developed countries have more natural resources.
Developed countries use natural resources more effectively.
22
opportunity cost
cost of selling a business to begin another
cost of operating a business
cost of choosing one opportunity or investment over another
earning the best profit possible
23
What are the three economic questions?
What to produce, who will produce, how to produce it?
What resources to use, for whom to produce, how to produce?
What to produce, who will produce, how to distribute profit?
What to produce, for whom to produce, how to produce it?
24
What is inflation?
When prices go up but so do paychecks.
When prices go up but your money doesn't buy as much.
When prices go down but so does your pay
25
Cultural diffusion
Social process when culture is passed on society to another group
A law that restricts free choices
Remains of other affairs or interest
A person with great wisdom
26
The definition of culture is . . .
Living in a way that is good and right
Strong opinions or ideas believed to be true
The act or process of becoming larger
The way a particular group of people lives and understands the world.

Quiz (2) Introduction to Geography Part 2 Flashcards | StudBud