Economic Geography

Question 1

what does primary have to deal with

Answer 1

Hunting and gathering
Commercial farming
Subsistence farming
Mining

Question 2

What does secondary have to deal with

Answer 2

Manufacturing

Question 3

What does tertiary have to deal with

Answer 3

Services

Question 4

What does quaternary have to deal with

Answer 4

Management

Question 5

What does Quinary have to deal with

Answer 5

Research and development

Question 6

What is most often used to determine MDC’s from LDCs

Answer 6

Per capita GDP and income

Question 7

What does HDI take into consideration

Answer 7

It takes into consideration the qualities and different aspects of life

Question 8

What two historical events does the dependency theory hold responsible for the disparity between rich and poor countries today

Answer 8

The industrial revolution and settler colonization

Question 9

What are value-added products

Answer 9

This is where products are worth more than the raw materials they’re made from

Question 10

Why are LDCs still unable to become more developed despite having been independent for several decades

Answer 10

Neocolonialism

Question 11

Those that disagree with the dependency theory see what three major factors playing the major role for a countries development or lack there of

Answer 11

Advantageous and disadvantageous location

Resource wealth or poverty

Cultural and historical factors

Question 12

What does the IMF (world bank) do

Answer 12

This is where LDCs get cash to fund infrastructure projects

Question 13

What are settler colonies

Answer 13

Europeans sought to create new europes

Question 14

What problem does the IMF cause

Answer 14

Borrowing nations are unable to pay even the interest in these loans. They spend as much as 40% of annual revenues in interest payments to the lenders, more than they spend on education and health

Question 15

What do most LDCs economies depend heavily on for income

Answer 15

He’s independent countries continue to produce the goods for which markets already existed. This is bad because when former colonies try to break their dependency by becoming exporters of manufactured goods the MDC is imposed trade barriers and quotas to block that development

Question 16

What is consumer price index

Answer 16

It measures how much prices are increasing and decreasing

Question 17

What is GDP

Answer 17

It measures economic activity

It is the value of all final goods and services produced within a country’s borders in a given year

Question 18

What is GNI

Answer 18

Same thing as GDP just includes income earned overseas

Question 19

What is per capita

Answer 19

GDP/population

Question 20

What is PPP

Answer 20

Apply standard international dollar price weights to final goods and services

Question 21

Why do some economists criticize GDP

Answer 21

They feel it does not accurately reflect a country’s true wealth

It eliminates people who don’t work or only make minimum wage

Question 22

Where did gross national happiness come from

Answer 22

Bhutan

Question 23

What are the two leading theories for why humans made the change to domestication (1)

Answer 23

1. Climate change- increased drought and reduced plant cover. This may have forced plants and animals into a smaller area

Question 24

What are the two leading theories for why humans made the change to domestication (2)

Answer 24

2. Their own growing population in areas originally rich in wild foods compelled people to find new food sources

Question 25

What innovation allowed farmers to plant crops year round

Answer 25

Irrigation

Question 26

How did the agricultural revolution the development of civilization

Answer 26

The step increase in food production freedom more people from the actual work of producing food and then he undertook a wide range of activities. Irrigation in the dependable food supplies are provided pave the way for civilization

Question 27

What were the eight cultural hearths that had emerged by 2500 BC

Answer 27

Mesopotamia
China
Southeast Asia
Indus River Valley
West Africa
Egypt
Andes
Mesoamerica

Question 28

What three factors were necessary for the beginning of the Industrial Revolution

Answer 28

Western Europe of the economic capital necessary for the experimentation Innovacion and rest

New tools such as a heavy flow like to increased crop yields

Much of the growing European population was freed from forming because of agricultural innovation

Question 29

What energy innovations made the industrials revolution possible

Answer 29

The steam engine tapped the vast energy of fossil fuels. This allowed earths carrying capacity for humankind to be raised again

Question 30

How did the Industrial revolution lead the Age of Discovery into colonization.

Answer 30

Europeans started to look for more materials abroad when they began to deplete their local supplies of resources.

Question 31

What are the levels of economic activity?

Answer 31

Primary
Secondary
Tertiary
Quaternary
Quinary