Last 1 Flashcards

1
Q

created when oxides of sulfur and nitrogen change chemically as they dissolve in water vapor in the atmosphere and return to earth as rain, snow, or fog.

A

Acid rain

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2
Q

the spatial grouping of people or activities for mutual benefit.

A

Agglomeration

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3
Q

different land users are prepared to pay different amounts, the bid rents, for locations at various distances from the city center.

A

Bid Rent Theory

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4
Q

a location where transfer is possible from one mode of transportation to another; a location along a transport route where goods must be transferred from one carrier to another.

A

Break-of-bulk point

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5
Q

an industry where the finished product weighs more than the raw materials.

A

Bulk-gaining industry

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6
Q

an industry where the raw materials weigh more than the finished product.

A

Bulk-reducing industry

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7
Q

an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.

A

Capitalism

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8
Q

series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market.

A

Commodity chain

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9
Q

a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

A

Communism

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10
Q

the principle that an area produces the items for which it has the greatest ratio of advantage or the least ratio of disadvantage in comparison to other areas, assuming free trade exists.

A

Comparative advantage

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11
Q

the process of deconcentration; the location of industrial or other activities away from established agglomerations in response to growing costs of congestion, competition, and regulation.

A

Deglomeration

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12
Q

the cumulative and sustained decline in the contribution of manufacturing to a national economy.

A

Deindustrialization

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13
Q

is a trading center, or simply a warehouse, where merchandise can be imported and exported without paying import duties, often at a profit.

A

Entrepot

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14
Q

designated areas of countries where governments create conditions conducive to export-oriented production.

A

Export processing zones (EPZ’s)

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15
Q

an activity cost (as of investment in land, plant, and equipment) that must be met without regard to level of output.

A

Fixed costs

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16
Q

a descriptive term applied to manufacturing activities for which the cost of transporting material or product is not important in determining location of production; an industry or firm showing neither market nor material orientation.

A

Footloose industry

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17
Q

the manufacturing economy and system derived from assembly-line mass production and the mass consumption of standardized goods.

A

Fordism

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18
Q

anticipated increase in Earth’s temperature, caused by carbon dioxide (emitted by burning fossil fuels) trapping some of the radiation emitted by the surface.

A

Greenhouse effect

19
Q

where economic development, or growth, is not uniform over an entire region, but instead takes place around a specific pole.

A

Growth Pole

20
Q

areas along or near major transportation arteries that are devoted to the research, development, and sale of high-technology products.

A

High-technology corridors

21
Q

a series of inventions and innovations, arising in England in the 1700s, that led to the use of machines and inanimate power in manufacturing process.

A

Industrial Revolution

22
Q

the specialization, by countries, in particular products for exports.

A

International division of labor

23
Q

seeks to reduce inventories for the production process of purchasing inputs for arrival just in time to use and producing output just in time to sell.

A

“Just in time” manufacturing (JIT)

24
Q

an industry for which labor costs represent a large proportion of total production costs.

A

Labor-intensive industry

25
Q

theory developed by economist Harold Hotelling that suggests competitors, in trying to maximize sales, will seek to constrain each other’s territory as much as possible which will therefore lead them to locate adjacent to one another in the middle of their collective customer base.

A

Locational interdependence

26
Q

factories built by U.S. companies in Mexico near the U.S. border, to take advantage of much lower labor costs in Mexico.

A

Maquiladora

27
Q

the tendency of an economic activity to locate close to its market

A

Market orientation

28
Q

the tendency of an economic activity to locate near or at its source of raw material.

A

Material orientation

29
Q

the direct, indirect, and induced consequences of change in an activity. In industrial agglomerations, the cumulative processes by which a given change (such as a new plant opening) sets in motion a sequence of further industrial employment and infrastructure growth.

A

Multiplier effect

30
Q

transfer of some types of jobs, especially those requiring low paid, less skilled workers, from more developed countries to less developed countries.

A

New International Division of Labor

31
Q

a country that exhibits rapid economic growth but has not yet reached the full level of developed countries by a variety of different measures.

A

Newly Industrialized Country (NIC)

32
Q

subcontracting production or services rather than performing those activities “in house.”

A

Outsourcing

33
Q

adoption by companies of flexible work rules, such as the allocation of workers to team that perform a variety of tasks

A

Post-Fordism

34
Q

laws preventing a union and a company from negotiating a contract that requires workers to join a union as a condition of employment.

A

Right to work laws

35
Q

location factors related to the costs of factors of production inside the plant, such as land, labor, and capital

A

Site factors

36
Q

location factors related to the transportation of materials into and from a factory.

A

Situation factors

37
Q

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

A

Socialism

38
Q

specific areas within a country in which tax incentives and less stringent environmental regulations are implemented to attract foreign business and investment.

A

Special Economic Zones (SEZ’s)

39
Q

in industry, the tendency to substitute one factor of production for another in order to achieve optimum plant location.

A

Substitution principle

40
Q

companies that have international production, marketing, and management facilities.

A

Transnational corporation

41
Q

something’s ability to be found anywhere at any time

A

Ubiquitous

42
Q

costs that change directly with the amount of production such as energy supply, transport expenses, labor costs, and other costs relating to the industrialization of an area.

A

Variable costs

43
Q

when the location of manufacturing establishments is determined by the minimization of three critical expenses; labor, transportation, and agglomeration.

A

Weber’s Least Cost Theory