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Economic Geography
Command economy also known as
MDCs have...
Economic Geography
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1
MDCs have...
higher infant mortality rates
high internet usage
lower wages
high birthrates
2
Command economy also known as
developed economy
service economy
planned economy
Governmental economy
3
What challenges do less developed nations face?
social welfare programs have reduced military spending
a high calorie diet causes a short life expectancy
high rates of illiteracy and lack of infrastructure hinder econ. develop
Farmers lose their jobs due to technology
4
Based on the data in the table, which countries would be considered more developed?
Mexico and Nigeria
Haiti and Singapore
Mexico and Singapore
Haiti and Nigeria
5
Cottage industries are usually
Uses a lot of machines and people
uses a lot of space and water
small scaled and less capital investment
Large scale and large capital investment
6
Socialist believe
government should not provide anything
government should provide everything
government should own big business
7
Cottage Industries
all of the above
were replaced by the factory system.
kept families separated for most hours of the day.
were not commonly seen in Western Europe.
8
What is a mixed economy?
Decisions about resource are made by habit, or custom
Economic decisions are made by consumers and business owners
Central planners make business decisions like how to produce
Combined market economy with government involment
9
What is the HDI?
The Humane Development Index
The Human Devolution Index
The Human Development Index
The Human Development Indicator
10
Where is subsistence farming most common?
Europe
Periphery
Cities
Core
11
Same as a free enterprise economy
Supply curve
Market economy
Command
12
what is a command economy?
A command economy is an economy that satisfies wishes
government allocate all resources and decide what to produce
command economy is a controlled trade.
A command economy produces outputs with services.
13
Which isn't part of the tertiary sector
a factory
schools
transport companies
health clinics
14
Cuba & North Korea are communist countries. Where on the Economic Spectrum would it fall?
Center
Left
Right
15
Why did china switch to a market economy in certain cities?
The command economy was failing.
They were really cool.
They did not switch.
The market economy was forced on them.
16
Where are most developed nations?
Europe
Asia
Africa
North America
17
A newly industrialized nation is usually characterized by having__
most people engaged in subsistence agriculture
most workers engaged in quaternary economic activities.
a large number of workers engaged in manufacturing
a lack of human resources like skilled and unskilled labor
18
Commercial farming is...
farmers grow food crops to feed themselves and their families
large-scale production of crops for sale, intended for large distribution
19
Which of the following countries are not newly industrialized countries (NICs)?
Mexico
India
Canada
Brazil
20
the free market is based on supply and demand
True
False
21
Which of these is a characteristic of a newly industrialized country?
Poverty
Luxuries
Emerging economy
Lots of good, safe housing
22
QUATERNARY SECTOR IS BASED ON
PUBLIC SECTOR
ACTIVITIES RELATED TO SCIENCE & RESEARCH
WELL PAID JOBS
BUSINESS PRODUCING EXPENSIVE GOODS
23
What is the secondary sector of industry?
A service
Businesses that change raw materials into something we can use
Businesses owned by individuals and not by the goverment
Businesses that get their raw materials from the land and sea
24
What does the tertiary sector involve most?
Goods
Efficiency
Services
Production
25
What is a postindustrial economy?
Economy focused on natural resources
Economy that emphasizes services and technology
Economy focused on agriculture
Economy that emphasizes manufacturing
26
What is free enterprise?
remember, big brother is watching
People trading goods without using money
Privately owned companies produce the goods people buy
THE GOVERNMENT WATCHES OVER WHAT YOU DO
27
Europe has the lowest amount of female workers
True
False
28
What is a Traditional Economy?
Based on lineage and familial careers
Controlled by government
Free ideas welcomed
Allows free exchange
29
Which of the following best explains commodity dependence?
A country exports are made up of the countries natural resources (60%+)
A country imports over 25% of the commodities they use
A country has a trade deficit with the trade of natural resources
A country's economy depends on resources to maintain their way of life
30
The US uses a mixed economy
False
True
31
A highly developed nation has...
primary and secondary
teritiary and quaternary sectors
teritiary and secondary sectors
32
Quaternary sector is _____.
Fighting in the military
Teaching in school
Research and development
33
Which is
not
true about a Free Market Economy?
There is limited government control on what/how to produce
There is no economic plan
The market determines prices
Resources are owned by the government
34
T/F. More developed nations have low birth rates & infant mortality rates
False
True
35
LDCs have
lower life expectancy
high literacy rates
lower birthrates
high wages
36
Subsistence Farming:
Variety, such as of ethnic or national groups
A crop that can be easily in markets
Food to eat after you grow it
Producing just enough to meet immediate needs
37
GDP is...
value of goods and services produced in a country over time.
how much a single business produces in a period of time.
taxes payed by citizens over a specific period of time.
a country's unemployment rate over a period of time.
38
The Middle East has the lowest amount of female workers.
False
True
39
Traditional economy means......
People trade goods and services without money
Government owns most parts of the economy and decides what’s should be sold
Privately owned businesses that create goods that people buy in markets
Has elements of a free enterprise and command economy
40
Primary sector....
provides services
provide raw materials
provide tourism
provide trade
41
Export Processing Zones
are outsourced areas that promote foreign production
are meant to promote imports from other countries
offer cheap labor for manufacturing
are meant to encourage exports and foreign investment
42
What are disadvantages of a Traditional Economy?
Nobody participates
People have to work
It discourages new ideas
People can't eat
43
Why is China considered a mixed economy?
Its economy is based on communist ideals of contribution and consumption
Its economy includes complete govt control over production
Its economy includes govt control as well as market and communism.
Its economy has little govt regulation and is mainly traditional.
44
What does the primary sector do?
Takes raw/finished commodities and does something with them
Deals with government affairs
Producing, manufacturing, manipulation, altering, refining
Extracts or harvests a natural resource or commodity
45
Which is an example of a periphery country?
Afghanistan
Brazil
America
Germany
46
Human Development Index (HDI)
uses GDP, life expectancy & education to measure development
uses GDP & education to measure development
uses education to measure the level of economic development
life expectancy & education to measure development
47
Which is an example of secondary sector activities?
Farmer
Factory worker
Dentist
Surgeon
