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AP HUG > Mini Unit: Intro To Exonomics > Flashcards

Mini Unit: Intro To Exonomics Flashcards

1
Q

Industrialization meaning

A

An organized effort usually using machinery to produce more valuable / useful from available natural resources and primary products

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2
Q

Industrial Revolution : why there?

Eco

A

Free Enterprise. People were allowed to think ,create, and sell

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3
Q

Industrial Revolution : why there?

Soc

A

Stable population . Not at war

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4
Q

Industrial Revolution : why there?

Pol

A

The king allowed the people to think . Opposite of France

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5
Q

Industrial Revolution : why there?

Env

A

Coal and water

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6
Q

Industrial Revolution: Lasting Impactful Outcomes

Eco

A

-International trade( began in the middle ages) also known as globalization
- jobs shifted from farms to factories
- the world is classified by economics

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7
Q

Industrial Revolution: Lasting Impactful Outcomes

Soc

A
  • population exploded
  • less farmers, but more food ( technical advances)
  • rise in life expectancy- rise in medication
  • changed cultural landscape
  • rural to urban
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8
Q

Industrial Revolution: Lasting Impactful Outcomes

Pol

A

Colonized because the needed more/ new resources

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9
Q

Industrial Revolution: Lasting Impactful Outcomes

Env

A

Population increased

Natural resources decreased

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10
Q

What is the Brandit line ?

A

This line was created in 1980 and dives the rich north and poor south

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11
Q

Core - MDCs ( make developed countries )

A
  • these were the headquarters of the most largest multinational companies
  • high skill,capital intensive products
  • dominates periphery and semi periphery economically and politically
  • benefits greatly from internal trade

RLE: USA, UK, Japan, Australia , Germany

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12
Q

Semi- Periphery NICs ( newy industrialized colonies )

A
  • provides the core with manufactured goods and services that the core once provided for itself,but no longer does

RLEs: India, Mexico , South Africa , Brazil, and China

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13
Q

Periphery - LDCs( less developed countries )

A
  • provides the core and semi- Periphery with inexpensive raw materials,labor and agricultural production
  • weak laws protecting workers and environment

RLEs: Afghanistan, Zimbabwe , Peru, Kenya

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14
Q

How many sectors are in the economy ?

A

5

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15
Q

Which sector extracts or harvest products from the earth such as raw materials and basic foods ?

RLE: farmers, mines, fishermen,ranchers ,logging

A

Primary sector

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16
Q

Which sector produces finished goods from the raw materials extracted by the primary economy?

RLE: factory workers , sweat shops

A

Secondary sector

17
Q

Which sector is known as the service industry . This sector sells the goods produced and provides commercial series to people and businesses ?

RLE: very basic lawnmowers, waiter, cook, teacher

A

Tertiary sector

18
Q

Which sector consists of I intellectual activities. Sometimes called the knowledge economy

RLE: professors, media , podcast , researchers

A

Quaternary sector

19
Q

Which a Ector includes the highest levels of decision making I’ma society or economy

RLE: CEO ,top banker

A

Quinary Sector

20
Q

What does HDI stand for ?

A

Human development Index

21
Q

Gross means

A

Total

22
Q

The degree of wealth and material comfort of an identifiable group of people ( quantitative)

A

Standard of living

23
Q

The level of health, comfort, opportunity, and happiness often identified group of people( qualitative )

A

Quality of life

24
Q

What are the 3 components of HDI ?

A

1) A decent standard of living ( GNI per Capita / GNI index )

2) Long and healthy life ( Life expectancy at birth / Life expectancy index )

3) knowledge ( mean years of school and elected years of schooling / Education Index / literacy rate )

25
Q

HDI has ___ social, ___ economic ,___ political

A

2 soc ( long and healthy life and knowledge) , 1 economic( standard of living ) , 0 political

26
Q

What are some of the limitations of HDI?

A

Does not consider :
- cultural identity
- political freedom
- gender equality
- environmental sustainability
- income distribution

27
Q

What is SDG?

A

Sustainable development goals ( UN)

28
Q

Parity meaning

A

Equality

29
Q

What are the 3 aspects of GII ?

A

Health ( social ) - material mortality ratio/ adolescent birth rate

Empowerment ( half social ,half political) - female and male population with at las secondary education / seats on Parliament

Labor market ( eco) - work outside the home

AP HUG (5 decks)

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