unit 3 vocab quiz 4

Question 1

just in time delivery

Answer 1

companies keeping just what they need for short-term production and new parts are shipped quickly when needed

Question 2

outsourcing

Answer 2

contacting work out to non company employees or other companies. (specializes in the work and does it more efficiently because it hires workers for lower wages)

Question 3

multiplier effect

Answer 3

a term for the potential of a job to produce additional jobs

Question 4

deindustrialization

Answer 4

a process by which companies move industrial jobs to other regions with cheaper labor leaving the newly deindustrialization region to a service economy and work through a period of high employment

Question 5

fair trade movement

Question 6

technopoles

Question 7

growth poles

Question 8

newly industrialized countries

Answer 8

countries that have claimed the economic ladder and have established an industrialized economy based on manufacturing and global trade

Question 9

asian tigers

Answer 9

4 east asia countries experienced rapid economic growth by riding the technology boom in the late 20th century

taiwan, south korea, hong kong, and singapore

Question 10

special economic zones

Question 11

maquiladoras

Question 12

international division of labor

Question 13

sustainable development

Question 14

climate change

Question 15

ecotourism