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Mod 58 MCQ Quiz

Quiz by Hannah Tapp Thomas

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20 questions
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  • Q1

    Which of the following is NOT a characteristic of Fordism? 

    high wages in manufacturing employment 

    high rates of temporary employment 

    high rates of union membership 

    high levels of mass consumption 

    assembly-line production 

    120s
  • Q2

    Which of the following is an example of offshoring?

    A company invests in another company based in another country. 

    A company decides to sell a factory and its contents. 

    A company hires an accounting firms to keep its books. 

    A company builds a factory in another country. 

    A company moves its headquarters to a new city. 

    120s
  • Q3

    Which of the following regarding the high-technology sector is not true?

    It has created new manufacturing jobs in the US. 

    Its market capitalization is among the highest of all sectors. 

    It has strong multiplier effect. 

    It is a good example of agglomeration economies. 

    It requires a highly educated, highly skilled workforce.

    120s
  • Q4

    If a country designates an area inside its borders where goods manufactured for export pay no cus-toms duties, it is most likely called

    a manufacturing center

    a special economic zone 

    a global production network

    a free-trade zone

    an export processing zone 

    120s
  • Q5

    Which of the following would be considered a "Rust Belt" city? 

    Atlanta, GA

    Detroit, MI

    Los Angeles, CA

    Las Vegas, NV

    Dallas, TX

    120s
  • Q6

    The high-tech firms of Silicon Valley in California are clustered together to take  advantage of 

    cheap labor

    economies of scale

    access to markets

    agglomeration effects

    high-speed transportation 

    120s
  • Q7

    A clustering of doctor’s offices and pharmacies near hospitals is BEST explained by the benefits of

    decentralization

    agglomeration

    intervening opportunity 

    balkanization 

    enfranchisement 

    120s
  • Q8

    Often a manufacturing company will attempt to merge with another company that possesses forward or backward links in the supply or production process. Which of the following terms best describes this type of strategy?

    vertical integration

    transnational corporation

    privatization

    agglomeration 

    economies of scale 

    120s
  • Q9

    Which of the following has contributed most to the deindustrialization of regions like the English Midlands and the North American Manufacturing Belt?

    the increased percentage of women in the labor force 

    competition from foreign imports 

    environmental legislation

    the formation of free trade associations 

    the decline of labor unions 

    120s
  • Q10

    Which of the following processes explains the change in coal miners employed in the United States from 1950 to 2000?

    Question Image

    technological diffusion

    just-in-time production 

    industrial revolution

    devolution

    deindustrialization

    300s
  • Q11

    Which of the following is the primary geographic effect of the globalization of the economy?

    Countries have greater control over economic activity within their borders.

    More Local ownership makes industries less likely to move.

    Production is increasingly concentrated in the Manufacturing Belt of the United States

    Production is increasingly concentrated in the Rhine-Ruhr Valley of Europe.

    Production is shifted to low-cost locations in developing countries. 

    120s
  • Q12

    Which of the following statements best explains a limitation of the political map shown in conveying economic information?

    Question Image

    In the context of currency, the borders between the member states are irrelevant.

    In the context of free trade, the borders between the member states are irrelevant.

    In terms of an international division of labor, there are no variations in wage rates across the borders of member states.

    In terms of consumer prices, there are no variations in price amounts across the borders of member states.

    In terms of manufacturing, there are no variations in production costs across the borders of member states.

    300s
  • Q13

    Which of the following sectors of the economy has grown the fastest in the United States since the mid-1970s? 

    service

    agriculture 

    retail

    manufacturing

    military 

    120s
  • Q14

    The map shows the locations of world financial, banking, and investment centers. Which of the following best explains a limitation of the map’s representation of global economic patterns?

    Question Image

    The map does not show major population centers located in the Southern Hemisphere.

    The map does not show the locations of export processing zones in more developed countries.

    The map does not show the growth of investment in businesses in less developed countries.

    The map does not show growth poles that stimulate regional economic activity.

    The map does not show the environmental pollution associated with industrial cities.

    300s
  • Q15

    The Internet is reshaping traditional economic arrangements by 

    reinforcing the dominance of the central business district for retail sales 

    expanding the importance of express package delivery systems 

    increasing the importance of rail transportation as compared to truck transportation 

    bringing consumers and producers into face-to-face contact 

    creating more enclosed shopping malls 

    120s

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