test 2 correction Flashcards
describe social division of labour vs vertical integration
Energy consumption per capita is:
a) related to price of energy & climatic conditions
b) highest in certain small countries
c) positively related to econ. growth
d) sensitive to economic reasons
a) related to price of energy & climatic conditions
b) highest in certain small countries
c) positively related to econ. growth
d) sensitive to economic reasons
What are Marx’s views on malthusian resource scarcity?
resource scarcity is socially constructed
technological innovation transcends ‘natural limits’
How large are remittance flows compared to foreign aid?
Remittance = about 3x foreign aid flows
Farmers in Java, Indonesia build terraces on steep hills because:
land is scarce and labour is abundant.
LLK
3 key economic advantages of immigration?
-Remitttances
-Key sectors employment
-Role models
Name an important outcome of DoL
deskilling of the workforce
What does agricultural intensification mean?
Raising output by increasing inputs such as labor and fertilizer
3 Outcomes of Bretton Woods Agreement (1944)
-regulated flows of capital across borders
-Gold standard USD
-Int’l trade more predictable
What are downstream flows in an input-output system?
final stages of production proccess
5 Key factors of british IR?
-history of industrial employment
-conditions in britain were ripe for tech innovations
-condensed geography
-colonies -> LLk
-internal trade barriers abolished in 1707
Total fertility rate is….
avg number of children a woman would have between 15-44 yrs old
Keynesianism (during fordism) was characterized by (4):
-job security
-strong state intervention in labor, finance
-negotiated compromises between capital & labor
-state-based financial spaces
Ester boserup vs malthus on pupn & ag?
malthus: pop’n limited by ag
boserup: popn drives ag change
3 key regions in european IR wave (2nd wave)
Sambre et meuse
Nord Pas de Calais
Rhine-Ruhr
T/F East Asia & SE Asia now contribute a larger share of global agricultural production than high income countries
True
T/F Canada produces more oil than Iran, Iraq or Kuwait
True
T/F competition during post-Fordism is described as highly domestic in nature
False
post-fordism -> globalization, neoliberalism, MNCs
What is roundaboutness in an I-O system?
number of interconnected steps
What 2 sectors are the main drivers of GHG emissions?
ag and energy sectors
What are the Kondratiev waves?
cycles of econ development 40-60yrs in length.
What is the main cause of wage convergence between large countries?
industrialization
Does a population stop growing once the replacement fertility rate has been reached?
No
4 economic roles of colonies?
Pools of available labour
land
new resource stocks
new markets
Marshall’s 3 forces of agglomeration (for IR & Fordism)
pools of available labour
presence of new technologies & their proximity
overall sense driving innovation
From which country do remittances usually come from?
USA
