Which is NOT a factor of stage 5: high mass consumption?

Little use and exposure to technology

Occurs without restrictions caused by tariffs and non-tariff barrier

What is economic disparity?

The inequality in which some are much better off economically than others

What is the political risk score?

Factors that show a state’s relative level of political risk

What are economic structures?

Various sectors create wealth together through trade and provide employment

What is a market economy?

Prices of goods and services are determined by supply and demand

What is a nation-state?

Independent nation ruled by government controls within marked boundaries

What is a transnational cooperation?

Large companies that operate in two or more countries

Which defines wealth?

Money and possessions accumulated over the course of one's lifetime

What is the political stability index?

Measures the potential risk of social unrest in a nation

What is income disparity?

Differences in income that occur between groups in society

The minimum level of income deemed adequate in a particular country

What is an economic system?

Systems countries use to address disparity issues through economic ideas

Decisions about how people live and interact together in society

A country rules another and develops trade with them for their own benefit

What is a command economy?

Supply of goods and services is determined by the government (total plan)

How is development assistence a response to disparity?

Money moves from wealthier to poorer countries as a form of foreign aid

Decision making based on the geography of the area (national and internat.)

Which defines income?

Money received on a continuous basis as a result of work or investments

What is the gini index?

A general value of how equally wealth is distributed in a country

Which is a factor of the primary sector?

The collection or extracting of raw materials from the earth

Which is NOT a factor of colonalism

Control of one country based on economic dominance not political dominance

Which is a factor of neocolonialism?

Economic interaction between a MEDCs and LEDCs

What is political stability?

Predictability level associated with the political environment of nations

What is a mixed economy?

Combines elements of both free enterprise and government intervention

Which is a factor of the tertiary sector?

Providing a range of services to people to to improve quality of life

What is a traditional economy?

Centered around agriculture, fishing, hunting and gathering to meet needs

Which is NOT a factor of stage 1: traditional society?

Introduction of advanced technology

What is a non-tariff barrier?

Restrictions on goods that give domestic companies opportunities to succeed

The authority of a state is not subject to legal control by another state

What is neocolonialism?

Control of one country based on economic dominance not political dominance

What is social mobility?

Is a person likely to have the same socio-economic status as their parents

How is remittances a response to disparity?

Money sent home by people working in foreign countries

Which is a factor of the secondary sector?

Turning raw materials into finished products for people to buy

How is economic control a response to disparity?

LEDCs rely on the export of raw materials to transition their economies

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Social Studies 3201 - Unit 3 Test Review (TERMS ONLY)

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Answers

1
Which is NOT a factor of stage 5: high mass consumption?
Growing demand for goods and services
People have more money than they need to survive
Little use and exposure to technology
More money invested in social programs
2
The same of the combined systems and procedures put in place in a country to help people satisfy needs and wants:
Economic structures
Economy
MEDCs
Primary sector
3
How can the wealth generated in each sector be measured?
Political score risk
Gini index
GDP
Political stability index
4
What is free trade?
Occurs with many restrictions caused by tariffs and non-tariff barrier
Trade with foreign investors
Occurs between countries who are allies in war
Occurs without restrictions caused by tariffs and non-tariff barrier
5
What is economic disparity?
The inequality in which some are much better off economically than others
How wealth is distrubted in a country
The minimum level of income deemed adequate in a country
The combined systems put in place to help satisfy needs and wants
6
What is the political risk score?
Factors that show a state’s relative level of political risk
Measures the potential risk of social unrest in a nation
A general value of how equally wealth is distributed in a country
A meausre of how corrupt the government of a particular nation is
7
Which is NOT a response to disparity?
Remittances
Economic control
Working together
Economic guidance
8
What are economic structures?
The collection or extracting of raw materials from the earth
Various sectors create wealth together through trade and provide employment
Turning raw materials into a finished products for people to buy
Providing a range of services to people to to improve quality of life
9
What is a market economy?
Centered around agriculture, fishing, hunting and gathering to meet needs
Prices of goods and services are determined by supply and demand
Combines elements of both free enterprise and government intervention
Supply of goods and services is determined by the government (total plan)
10
What is a nation-state?
A nation that depends on the assistence other other more developed nations
Nations with no boundaries
Independent nation ruled by government controls within marked boundaries
Dependent nation ruled by government controls within marked boundaries
11
What is a transnational cooperation?
Companies with two owners
Large companies that operate in two or more countries
Small local buisnesses
Companies ran by the UN
12
Which defines wealth?
Money received on a continuous basis as a result of work or investments
Money and possessions accumulated over the course of one's lifetime
13
Which is NOT an economic system?
Command economy
Traditional economy
Market economy
Sample economy
14
Which is NOT an example of a political issue?
State affairs
Religious practices
Taxation, rights, and laws
Government administration and management
15
What is the political stability index?
Factors that show a state’s relative level of political risk
Measures the potential risk of social unrest in a nation
A meausre of how corrupt the government of a particular nation is
A general value of how equally wealth is distributed in a country
16
What is income disparity?
Differences in income that occur between groups in society
Money received or earned on a continuous basis as a result of work
money and possessions accumulated by a person over the course of their life
Whether a person will have the same socio-economic status as their parents
17
What are the two types of development assistence?
Unoffical and open
Official and private
Official and illegal
Black market and private
18
What is poverty?
The minimum level of income deemed adequate in a particular country
The maximun level of income deemed adequate in a particular country
How much money a person earns each year
Unemployment rates in each country
19
What is an economic system?
The inequality in which some are much better off economically than others
Various sectors generate wealth together through trade and employment
Systems countries use to address disparity issues through economic ideas
How wealth is distributed in a country
20
What is politics?
Decisions about how people live and interact together in society
How people communicate through technology
Decisions about policies regarding education
How to vote
21
What is colonialism?
Trade occurs without restrictions caused by tariffs or non-tariff barriers
A tax on imported goods
A country rules another and develops trade with them for their own benefit
Control of one country by another based on economic dominance
22
What is a command economy?
Prices of goods and services are determined by supply and demand
Combines elements of both free enterprise and government intervention
Supply of goods and services is determined by the government (total plan)
Centered around agriculture, fishing, hunting and gathering to meet needs
23
What is a tariff?
Trade that occurs without restrictions
A tax put on children
A tax on imported goods
Trade that occurs with restrictions
24
How is development assistence a response to disparity?
Countries form unions to strengthen their own economies through cooperation
Money sent home by people working in foreign countries
Money moves from wealthier to poorer countries as a form of foreign aid
LEDCs rely on the export of raw materials to transition their economies
25
What is geopolitics?
Decision making based on the inequality among groups in a country
Decision making based on the weath of a nation
Decision making based on the geography of the area (national and internat.)
Decision making based on the stability of a country
26
Which is NOT a secor of economic structure?
Secondary
Primary
Initial
Tertiary
27
Which defines income?
Money and possessions accumulated over the course of one's lifetime
Money received on a continuous basis as a result of work or investments
28
What is the gini index?
A general value of how equally wealth is distributed in a country
Factors that show a state’s relative level of political risk
Measures the potential risk of social unrest in a nation
A meausre of how corrupt the government of a particular nation is
29
Nation-states are the result of which?
Neocolonialism
Colonialization
Decolonialization
Geocolonialism
30
Which is NOT a stage of economic development?
High mass consumption
Colonial set up
Economic take-off
Traditional society
31
Which is a factor of the primary sector?
Turning raw materials into finished products for people to buy
Providing a range of services to people to to improve quality of life
The collection or extracting of raw materials from the earth
The development of new and improved technology to improve quality of life
32
Which is NOT a factor of colonalism
Colonialism operated on the mercantile system
Control of one country based on economic dominance not political dominance
A colony only exists to serve the purposes of the colonizer
Colonies could not operate their own economy or trade with other countries
33
Which is a factor of neocolonialism?
LEDCs supporting MEDCs through loans
Economic interaction between a MEDCs and LEDCs
Trade occuring without restrictions
A country rules another and develops trade with them for their own benefit
34
What is political stability?
The inequality in which some are much better off economically than others
Predictability level associated with the political environment of nations
The ability of a country to produce enough to sustain themselves
Political factors that meausre the risk of social unrest
35
Which is NOT a factor of stage 2: establishing conditions for take-off?
Savings invested into economic sectors
The society obstains some wealth
Based on agriculture
Effective central government
36
What is a mixed economy?
Prices of goods and services are determined by supply and demand
Combines elements of both free enterprise and government intervention
Centered around agriculture, fishing, hunting and gathering to meet needs
Supply of goods and services is determined by the government (total plan)
37
Nations that experience relatively quick change in governance are said to have a higher political stability.
True
False
38
Arbitrary borders are territorial limits determined by humans because of conflict (lines of latitude and longitude).
False
True
39
Which is a factor of the tertiary sector?
Providing a range of services to people to to improve quality of life
The development of new and improved technology to improve quality of life
Turning raw materials into finished products for people to buy
The collection or extracting of raw materials from the earth
40
What is a traditional economy?
Combines elements of both free enterprise and government intervention
Centered around agriculture, fishing, hunting and gathering to meet needs
Prices of goods and services are determined by supply and demand
Supply of goods and services is determined by the government (total plan)
41
Which sector is most important in terms of wealth generation?
Technological
Initial
Tertiary
Service
42
Which is NOT a factor of stage 1: traditional society?
Population and systems limited to natural controls
Based on subsistence agriculture
Often dictatorships or monarchies
Introduction of advanced technology
43
What does globalization increase the most?
Income disparity
Income
Economic disparity
Wealth
44
What is a non-tariff barrier?
Natural borders
Restrictions on goods that give domestic companies opportunities to succeed
Abituary borders
A tax on imported goods
45
What is sovereignty?
The authority of a state is not subject to legal control by another state
Territorial limits
A measure of a states political risk compared to others
Political factors that measure potential risk of social unrest that exists
46
What is neocolonialism?
A country rules another and develops trade with them for their own benefit
Decisions about how people live and interact together in society
Control of one country based on economic dominance not political dominance
Restrictions placed on goods that allow domestic companies to succeed
47
What is social mobility?
Is a person likely to have the same socio-economic status as their parents
Money and possessions accumulated over the course of one's lifetime
Differences in income that occur between groups in society
The ability to gain a following on social media
48
How is remittances a response to disparity?
LEDCs rely on the export of raw materials to transition their economies
Countries form unions to strengthen their own economies through cooperation
Money moves from wealthier to poorer countries as a form of foreign aid
Money sent home by people working in foreign countries
49
Which is a factor of the secondary sector?
The development of new and improved technology to improve quality of life
Providing a range of services to people to to improve quality of life
The collection or extracting of raw materials from the earth
Turning raw materials into finished products for people to buy
50
How is economic control a response to disparity?
LEDCs rely on the export of raw materials to transition their economies
Countries form unions to strengthen their own economies through cooperation
Money sent home by people working in foreign countries
Money moves from wealthier to poorer countries as a form of foreign aid
51
Which is relative: differs from country to country?
Income
Wealth
Income disparity
Poverty
52
How is working together a response to disparity?
Countries form unions to strengthen their own economies through cooperation
Money moves from wealthier to poorer countries as a form of foreign aid
LEDCs rely on the export of raw materials to transition their economies
Money sent home by people working in foreign countries
53
What is NAFTA - North American Free Trade Agreement?
An agreement that made trading illegal
A treaty that made fishermen control their production rates
A treaty that introduced many trade restrictions on foriegn shipments
A treaty signed by Ca, US, and Mex. that phased out most trade restrictions
54
Which is NOT an example of a natural border?
Mountain
Canyon
Longitude measurements
River
55
Which is NOT a factor of stage 4: drive to maturity?
Sustained economic growth
Technology improves the efficiency of the primary and secondary sectors
The society obtains some wealth/savings
The economy grows faster than the population
56
Which is NOT a factor of stage 3: economic take-off?
The economy changes with the introduction of new technology
Manufactoring becomes more important and the tertiary sector expands
The economy grows faster than the population
Agriculture changes from subsistence to commercial

Social Studies 3201 - Unit 3 Test Review (TERMS ONLY) Flashcards | StudBud