Unit 7, 42 words

Question 1

the process of using machines and large-scale processes to convert raw materials into manufactured goods

Answer 1

industry

Question 2

the basic substances such as minerals and crops needed to manufacture finished goods

Answer 2

raw materials

Question 3

a place where products are sold

Answer 3

market

Question 4

small home-based businesses that made goods

Answer 4

cottage industries

Question 5

resulted in more complex machinery driven by water or steam power that could make products faster and at lower costs than could cottage industries

Answer 5

industrial revolution

Question 6

this is where industrialized regions were often found. STRETCHES across the mid latitudes of the Northern Hemisphere.

Answer 6

Industrial Belt

Question 7

a process of decreasing reliance on manufacturing jobs

Answer 7

deindustrialize

Question 8

regions that have large numbers of closed factories

Answer 8

rust belts

Question 9

extracting natural resources from the earth

Answer 9

primary sector

Question 10

making products from natural resources

Answer 10

secondary sector

Question 11

providing information and services to people

Answer 11

tertiary sector

Question 12

managing and processing information

Answer 12

quaternary sector

Question 13

creating information and making high-level decisions

Answer 13

quinary sector

Question 14

the potential of a job to produce additional jobs

Answer 14

multiplier effect

Question 15

to explain the key decisions made by businesses about where to locate factories.

Answer 15

least cost theory

Question 16

the spatial grouping of several businesses to share costs

Answer 16

agglomeration economics

Question 17

Weber’s model can be shown with a… THE three points of the triangle are the market for a good and two resources needed to make the good

Answer 17

location triangle

Question 18

When raw materials lose bulk during processing. These types of industry are also known as weight-losing, raw material-oriented, or raw-material- dependent industry

Answer 18

bulk reducing industry

Question 19

these factories usually locate close to the market and are considered… (Weight gaining, market-oriented, or market-dependent industries).

Answer 19

bulk gaining industries

Question 20

highly dependent on a workforce and will want to be near a source of those workers.

Answer 20

labor-oriented industry

Question 21

the procedure of transferring cargo from one mode of transportation to another.

Answer 21

break of bulk

Question 22

the system in which goods are loaded into a standardized shipping unit

Answer 22

containerization

Question 23

they can be carries on a truck, train, ship, or plane.

Answer 23

intermodal

Question 24

they can pack up and leave for a new location quickly and easily

Answer 24

footloose

Question 25

designed to impress clients

Answer 25

front offices

Question 26

when the company decided to locate the rest of its employees in less expensive office spaces

Answer 26

back offices

Question 27

the dollar amount of all goods and services produced by a country's citizens in one year is measured in the

Answer 27

GNI and GNP

Question 28

the dollar amount of all final goods and services produced within a country in one year is the

Answer 28

GDP

Question 29

profits from a foreign-owned company were leaving the country and going back to the home country

Answer 29

remittances

Question 30

amount per person

Answer 30

per capita

Question 31

a measure of what similar goods cost in different countries

Answer 31

purchasing power parity (PPP)

Question 32

portion of the economy that is monitored by government

Answer 32

formal sector

Question 33

portion of the economy that is NOT monitored by government

Answer 33

informal sector

Question 34

one measure of the distribution of income within a population is the

Answer 34

gini coefficient

Question 35

the amount of years a person is expected to live

Answer 35

life expectancy

Question 36

percentage of population that can read and write

Answer 36

literacy rate

Question 37

differences in the privileges afforded to males and females in a society are

Answer 37

gender gap

Question 38

composite measure of several factors indicating gender disparity

Answer 38

GII

Question 39

combines one economic measure (GNI per capita) with three social measures (life expectancy, expected years of schooling, and average years of schooling)

Answer 39

HDI

Question 40

empower women to find jobs outside the home

Answer 40

NGO

Question 41

provide loans often to women to start or expand a business

Answer 41

microcredit