Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Unit 2 Geography Test > Unit #3 > Flashcards

Unit #3 Flashcards

You may prefer our related Brainscape-certified flashcards:
U.S. Geography flashcards World Geography flashcards
1
Q

Facts about the primary industry

A
  • also referred to as “extraction”
  • extract or produce raw materials
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Examples of jobs in the primary industry:

A

Farmers, miners, fishermen

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Facts about the secondary industry

A
  • manufacturing and processing
  • process/manufacture raw materials into usable products
  • increases value of products
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Examples of jobs in the secondary industry

A

Clothing shops, food processing factories, engineering

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Facts about the tertiary industry

A
  • service industry
  • provide service
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Examples of jobs in the tertiary industry

A

Doctors, nurses, delivery drivers, educators/teachers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Facts about the quaternary industry

A
  • creation and transfer or information
  • occupations based on knowledge and skills
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Examples of jobs in the quaternary industry

A
  • software developers, app creators
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Facts about the quinary industry

A
  • Decision makers
  • “big bosses”
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Examples of jobs in the quinary industry

A

Bureaucrats, government workers, CEOs of companies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What are basic vs non basic industries

A

Basic industries: do not introduce new money into the area. Thus, money is recycled within the area

Non-basic industries: introduce money from different places of the world, supporting the local economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Examples of jobs in the basic industries

A

Doctors and nurses, school bus drivers, teachers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Examples of jobs in the non-basic industries

A

Tour buses drivers, grocery stores, clothing stores

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

How can we measure developed and underdeveloped countries?

A
  • GDP per capita
  • Standard of living
  • Level of industrialization
  • amount of technology
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is the main idea of the dependency theory?

A

That the wealth of richer countries is at the expense of the poorer countries.
(wealthycountries depend on the poorer countries)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is the main idea of Rostow’s model of development?

A

Steps of a country from being underdeveloped to developed:

  1. Undeveloped country
  2. Projects are made to increase productivity
  3. Growth is generated for the economy as there are more economic activities
  4. Takeoff of technology and workers become more specialized
  5. Developed country
17
Q

What is the main idea of the Lewis Structural Change Model

A

Development=increase in manufacturing and decrease in agriculture

Focused on moving away from the agricultural economy with surplus labor to an advanced industrial economy through shifting the suprlus labour to the modern sector.

18
Q

Why is specialization important in trade?

A

Trade between two countries thateach specialize in a certain product allows both countries to enjoy a higher total output and consumption than what would have been possible domestically. The product can also be made better as one country focuses on one product instead of many.

19
Q

What is comparative advantage?

A

A country with a comparative advantage is a situation in which a country or business can produce a good at a lower opportunity cost than another producer.

Determine the amount of labour one of the countries puts into creating a certain amount of a product compared to the other country.

19
Q

What are the terms of trade?
Think: the terms of the trade

A

The relative price of exports in terms of imports. Ratio of prices of exports to imports.

19
Q

What is the absolute advantage?

A

When a producer can provide a good or service in greater quantity for the same cost, or the same quantity at a lower cost, than its competitors.

19
Q

Negative effects of over-specialization:

A
  • exploitation of workers
    By manufacturing with countries with less stringent labour laws, companies can benefit from child labour and coercive employment practices that are not legal in the company’s home countries.
  • destruction and/or depletion of a country’s resources
20
Q

Free trade vs fair trade

A

Free trade entails agreements between countries that allow unrestricted import and export of goods.

Fair trade is a trading paternship whose aim is to seek greater equity in trade through the higher payment to exporters.

21
Q

What is the staple thesis?
Think: “staples”

A

A thesis supporting the staples in developing Canada’s economy.

Staples:
-cultivation and exportation of raw materials, which led to toher forms of economic development

22
Q

What does NAFTA stand for?

A

North American Free Trade Agreement

23
Q

What is NAFTA (North American Free Trade Agreement)?

A

It is what its name is! A free trade zone for Mexico, The United States, and Canada. It eliminates all trade barriers and quotas.

24
Q

What are trade gains?

A

Trade gains are the benefits to economic agents from being allowed an increase in trading with each other.

Unit 2 Geography Test (2 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions