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Unit 7 Vocab

Quiz by Brian Gallagher

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56 questions
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  • Q1
    A process involving the clustering or concentrating of people or activities. The term often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled-labor pools and technological and financial amenities.
  • Q2
    South Korea, Singapore, Taiwan, and the then-British colony of Hong Kong: first countries to adopt the international trade alternative
    Asian Tiger Countries
  • Q3
    A location where transfer is possible from one mode of transportation to another
    Break-of-Bulk Point
  • Q4
    An economy that relies on the export of primary commodities for a large share of its export earnings and hence economic growth
    commodity dependence
  • Q5
    the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors
    Comparative Advantage
  • Q6
    when two regions through an exchange of commodities can specifically satisfy each others demands
  • Q7
    According to world systems theory, the most advanced industrial countries, which take the lion's share of profits in the world economic system.
    Core Countries
  • Q8
    a model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones
    Dependency Theory
  • Q9
    a proportionate saving in costs gained by an increased level of production.
    Economies of Scale
  • Q10
    A form of tourism that supports the conservation and sustainable development of ecologically unique areas
  • Q11
    a measure of inequalities between men's and women's opportunities in a country
    Empowerment Measures
  • Q12
    Zones established by many countries in the periphery and semi-periphery where governments offer favorable tax, regulatory, and trade arrangements to attract foreign trade and investment
    Export Processing Zones
  • Q13
    All work-related activities that provide income and are regulated by government agencies.
    Formal Economy
  • Q14
    pacts between two countries or among a group of countries that make it easier to trade goods across national boundaries by reducing or eliminating restrictions on exports and tariffs ( or taxes) on imported goods and protecting intellectual property rights.
    Free Trade Agreements
  • Q15
    An indicator constructed by the U.N. to measure the extent of each country's gender inequality in terms of reproductive health, empowerment, and the labor market.
    Gender Inequality Index

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