Industry and Development

Question 1

The spatial growing of businesses in order to share costs, as when several factories share the cost of building an access road to connect with a public highway

Answer 1

Agglomeration Economies

Question 2

An item moves from worker to worker with each worker performing the same task repeatedly

Answer 2

Assembly Line

Question 3

A space that is typically reserved for regular employees of companies, usually not in an area of high value

Answer 3

Back Offices

Question 4

The possible downsides of growth poles

Answer 4

Backwash Effects

Question 5

Sites of abandoned factories

Answer 5

Brownfields

Question 6

Products that are heaviest when finished

Answer 6

Bulk-gaining Industry

Question 7

When office buildings congregate

Answer 7

Business Park

Question 8

When both parties have goods or services that the other party desires

Answer 8

Complementarity

Question 9

Model that divides countries into three types; core, semiperiphery and periphery

Answer 9

Core-Periphery Model

Question 10

READ ALL Category of the Core Periphery model that includes the economically advantaged areas of the world and the center of world businesses and finances

Answer 10

Core

Question 11

READ ALL Category of the Core-Periphery model that includes the least developed countries, high percentage of jobs in low-skill, labor intensive production and extraction of raw materials

Answer 11

Periphery

Question 12

READ ALL Category of the Core-Periphery model that includes the middle-income countries, sometimes known as emerging economies, provides manufactured goods

Answer 12

Semi-periphery

Question 13

Theory that countries do not exist in isolation but are part of an intertwined world system in which all countries are dependent on each other

Answer 13

Dependency Theory

Question 14

An industry where the energy demands are so high that factories are built in close proximity to major sources of abundant, cheap power

Answer 14

Energy-Oriented Industry

Question 15

Physical spaces within a country where special regulations benefit foreign-controlled businesses

Answer 15

Export Processing Zone

Question 16

A term meaning that businesses can pack up and leave for a new location quickly and easily

Answer 16

Footloose

Question 17

A system of mass production

Answer 17

Fordism

Question 18

A location that allows business executives to easily interact with executives from other nearby businesses

Answer 18

Front Offices

Question 19

Measures the distribution of income within a population

Answer 19

Gini Coefficient

Question 20

A composite index for measurement of gender disparity, uses indicators such as reproductive health, empowerment, and the labor market participation of women to measure the percentage of potential of human development lost due to gender inequality in different nations

Answer 20

Gender Inequality Index (GII)

Question 21

Combines one economic measure with several social measures, such as life expectancy and the average education level

Answer 21

Human Development Index (HDI)

Question 22

The total monetary value, in US dollars, of all the goods, services, and investments produced by a country in a year

Answer 22

Gross National Income (GNI)

Question 23

The monetary value of ALL goods and services produced in a country in one year

Answer 23

Gross Domestic Product (GDP)

Question 24

The total monetary value, in US dollars, of all the goods, services, and investments produced by a country in a year

Answer 24

Gross National Product (GNP)

Question 25

Based on what an amount of money will buy

Answer 25

Purchasing Power Parity (PPP)

Question 26

Historian who proposed the World Systems Theory in the 1970s

Answer 26

Immanuel Wallerstein

Question 27

A policy of extending a country's political and economic power

Answer 27

Imperialism

Question 28

A set of changes in technology that dramatically increased manufacturing productivity

Answer 28

Industrial Revolution

Question 29

A system in which the inputs needed in the assembly process arrive at the assembly plant very close to when they are needed

Answer 29

Just-in-time Delivery

Question 30

Explains the key decisions made by businesses about where to locate factories

Answer 30

Least Cost Theory

Question 31

The location decision for a factory is dependent upon the location of other factories

Answer 31

Locational Interdependence

Question 32

A model that shows how the market for a good is at one location and the resources needed to make the good are obtained at two other locations

Answer 32

Location Triangle

Question 33

The Mexican (Spanish language) name for EPZ (Export Processing Zones)

Answer 33

Maquiladoras

Question 34

A model that focuses on the shift from traditional to modern forms of society

Answer 34

Modernization Model

Question 35

A system of employment in the various economic sectors spread throughout the world

Answer 35

New International Division of Labor

Question 36

Programs enacted by governments and international non-profit agencies

Answer 36

Non-Governmental Organization (NGO)

Question 37

Companies will locate services in other countries if the costs of doing businesses are lower and worth the risk of moving some operations overseas

Answer 37

Offshoring

Question 38

Contracting work out to non-company employees or other companies

Answer 38

Outsourcing

Question 39

Meaning "Per person"

Answer 39

Per Capita

Question 40

Machines are able to work 24 hours a day without breaks or vacations, and produce consistent, high quality work. Workers who don't lose their jobs are often trained to do more than one job

Answer 40

Post-Fordism

Question 41

An era that no longer employs large numbers of people in factories

Answer 41

Postindustrial

Question 42

Extracting natural resources, dominated the economy until the Civil War

Answer 42

Primary Sector

Question 43

The knowledge based sector that includes research and development, business consulting, financial services, education, public administration, and software development

Answer 43

Quatenary Sector

Question 44

Consists of the highest levels of decision-making and includes the top officials in various levels of government and business

Answer 44

Quinary Sector

Question 45

The region of the United States hit hardest by deindustrialization, the Northeast and lands around the Great Lakes

Answer 45

Rust Belt

Question 46

Processing natural resources, significant labor growth in 1840s to 1960s

Answer 46

Secondary Sector

Question 47

Businesses seek to maximize profit by substituting one factor of production for another

Answer 47

Substitution Principle

Question 48

Providing services rather than working with natural resources, most people in the U.S. labor force today, AKA the service sector

Answer 48

Tertiary Sector

Question 49

Groups of countries that agree to a common set of trade rules

Answer 49

Trading Bloc (yes that is how it is spelled - Riley)

Question 50

Companies that operate in more than one country

Answer 50

Transnational Corporation

Question 51

Theory developed by Immanuel Wallerstein, says that countries do not exist in isolation but are part of an intertwined _____ _____ in which all countries are dependent on each other

Answer 51

World Systems Theory

Question 52

American economist who developed the modernization model in 1960

Answer 52

W.W. Rostow

Question 53

Industries where companies try to locate processing plants near the source of raw materials

Answer 53

Bulk-reducing Industry