Economic Development Review

A con to using the HDI is that it only shows averages.

Which of the following happened as a result of the Industrial Revolution?

The quinary sector has the most direct contact with the land & natural resources.

Economic system in which individuals and private groups make decisions about what to produce.

Which index measures the final value of finished goods and services produced within a country's borders?

Economic activity that takes raw materials and turns them into a product with more value (ex. manufacturing)

A period of change within an industrialized country where there is a shift from manufacturing to service jobs.

Semi-Periphery nations are ALWAYS former core nations that are in decline.

An import is sending a good or service to other countries for sale.

What sector are the vast amount of jobs in Britain?

Which of the following is a characteristic of a core nation?

The tertiary sector is responsible for providing a ______.

Which type of nation is highly industrialized, developed, and has a diverse economy?

Which of the following is a characteristic of the Rust Belt?

Where did the Industrial Revolution start?

Jobs that provide a service to the general population fall into the ________ sector.

The idea that the government should not interfere with economic affairs is known as _______.

Which of the following is used to measure the Gender Inequality Index (GII)?

___________ is when manufacturing is sent to a less-developed country to cut labor costs.

The amount of a good or service that consumers are willing and able to purchase is known as ________.

The government directing the means of production is known as a ______ economy.

Economic activity that focuses on research and development (ex. "White Collar" professionals)

Which type of economy cannot be regulated or taxed by the government?

Where is the Rust Belt located?

A mixed economy is where the government supports and regulates free enterprise through decisions affecting the market.

The government owns some (not all) of the means of production and provides basic needs for the people.

Why is the Sun Belt experiencing a growth in population?

What type of manufacturing did the United Kingdom excel in during the Industrial Revolution?

What type of economy is based off of habit and customs?

Which index measures quality of life, life expectancy, and access to education?

What does it take for a country to go from primary to secondary economic activity?

The government decides what to produce, how much to produce, and how to distribute goods and services.

What stage of the Demographic Transition model occurs when a country relies on the primary sector?