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Questions and Answers
What is the meaning of agglomeration?
What is the meaning of agglomeration?
What are ancillary activities?
What are ancillary activities?
Economic activities that support large-scale industries.
Anthropocentric refers to human-centered ideas that ignore the ecosystem.
Anthropocentric refers to human-centered ideas that ignore the ecosystem.
True
What does the backwash effect describe?
What does the backwash effect describe?
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What is a break-of-bulk point?
What is a break-of-bulk point?
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Define a brick-and-mortar business.
Define a brick-and-mortar business.
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A bulk-gaining industry produces final products that weigh less after assembly.
A bulk-gaining industry produces final products that weigh less after assembly.
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What characterizes a bulk-reducing industry?
What characterizes a bulk-reducing industry?
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What is a conglomerate corporation?
What is a conglomerate corporation?
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What does the core refer to in economic geography?
What does the core refer to in economic geography?
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What is the core-periphery model used to describe?
What is the core-periphery model used to describe?
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Define a cottage industry.
Define a cottage industry.
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What does deindustrialization mean?
What does deindustrialization mean?
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What is development in economic terms?
What is development in economic terms?
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What is e-commerce?
What is e-commerce?
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Define economic backwaters.
Define economic backwaters.
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What is ecotourism?
What is ecotourism?
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What is an export-processing zone?
What is an export-processing zone?
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What describes the fast world?
What describes the fast world?
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What are footloose firms?
What are footloose firms?
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What is Fordism?
What is Fordism?
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What do foreign investments refer to?
What do foreign investments refer to?
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What does gender equity measure?
What does gender equity measure?
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What underlies globalization?
What underlies globalization?
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What is gross domestic product?
What is gross domestic product?
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Define gross national product.
Define gross national product.
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What is the Human Development Index?
What is the Human Development Index?
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What started during the Industrial Revolution?
What started during the Industrial Revolution?
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What does industrialization refer to?
What does industrialization refer to?
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What defines industrialized countries?
What defines industrialized countries?
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What is least-cost theory?
What is least-cost theory?
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What are least-developed countries characterized by?
What are least-developed countries characterized by?
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What is a manufacturing region?
What is a manufacturing region?
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What are maquiladoras?
What are maquiladoras?
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What does net national product measure?
What does net national product measure?
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What are nonrenewable resources?
What are nonrenewable resources?
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What defines an offshore financial center?
What defines an offshore financial center?
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What does outsourcing mean?
What does outsourcing mean?
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Define periphery countries.
Define periphery countries.
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What are primary economic activities?
What are primary economic activities?
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Define productivity.
Define productivity.
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What is purchasing power parity?
What is purchasing power parity?
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What are quaternary economic activities?
What are quaternary economic activities?
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What are quinary economic activities?
What are quinary economic activities?
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What does regionalization refer to?
What does regionalization refer to?
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What are renewable resources?
What are renewable resources?
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What are Rostow's stages of development?
What are Rostow's stages of development?
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What is the rust belt?
What is the rust belt?
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What are secondary economic activities?
What are secondary economic activities?
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Define semi-periphery countries.
Define semi-periphery countries.
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What characterizes service-based economies?
What characterizes service-based economies?
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What is the slow world?
What is the slow world?
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What are spatially fixed costs?
What are spatially fixed costs?
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What describes spatially variable costs?
What describes spatially variable costs?
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What are specialty goods?
What are specialty goods?
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What is sustainable development?
What is sustainable development?
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What are tertiary economic activities?
What are tertiary economic activities?
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What defines a transnational corporation?
What defines a transnational corporation?
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What are world cities?
What are world cities?
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What is world-systems theory?
What is world-systems theory?
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Study Notes
Economic Concepts and Models
- Agglomeration: Refers to clustering of firms in the same industry, promoting resource sharing and infrastructure use.
- Ancillary Activities: Supportive economic activities linked to large industries, e.g., shipping and food services.
- Core-Periphery Model: Describes development disparities, highlighting that underdeveloped regions depend on developed core areas.
- Deindustrialization: Represents a decline in industrial activity, often leading to economic loss in a region.
- Rostow's Stages of Development: A model outlining five stages of economic growth from least-developed to most-developed.
- World-Systems Theory: Explains global economic structures involving core, periphery, and semi-periphery regions historically.
Types of Economic Activities
- Cottage Industry: Home-based production, contrasting with factory-based manufacturing.
- Quaternary Economic Activities: Involve research and administration, focusing on information and knowledge management.
- Primary Economic Activities: Concern the extraction and utilization of natural resources, including agriculture and mining.
- Tertiary Economic Activities: Encompass service-oriented functions that connect consumers and service providers.
- Secondary Economic Activities: Involve manufacturing and construction, focused on processing raw materials.
Economic Measurements
- Gross Domestic Product (GDP): Total economic value of goods/services produced within a country's borders annually.
- Gross National Product (GNP): Total value of goods/services produced by a nation's residents, including foreign income.
- Human Development Index (HDI): Measures development based on human welfare rather than economic output, incorporating life expectancy and education.
- Purchasing Power Parity (PPP): A monetary metric assessing the relative purchasing power in different countries.
Industry and Manufacturing
- Bulk-Gaining Industry: Final products weigh more than raw materials, necessitating proximity to markets.
- Bulk-Reducing Industry: Final products weigh less than raw materials, often located near resource supplies.
- Fordism: Standardized mass production system pioneered by Henry Ford, elevating manufacturing efficiency.
- Maquiladoras: U.S. factories located just outside the Mexican border, benefiting from low labor costs.
Globalization and Investment
- Globalization: Increasing global interconnectedness affecting political and economic structures, making smaller scales more obsolete.
- Foreign Investment: Overseas financial investments by private businesses, often seeking growth in emerging markets.
- Transnational Corporation (TNC): Companies operating across multiple countries, often producing and selling in various markets.
- Outsourcing: Transferring production and business processes to external locations, often for cost savings.
Environmental and Sustainable Practices
- Ecotourism: Tourism focused on nature, aimed at promoting sustainable practices and environmental preservation.
- Sustainable Development: Balances meeting current needs without compromising future generations' ability to meet theirs.
- Renewable Resources: Resources that can replenish naturally within a human lifespan, supporting sustainability.
Economic Disparities
- Economic Backwaters: Regions that do not benefit from national economic growth, often experiencing stagnation.
- Least-Developed Countries (LDCs): Nations with low economic productivity and standards of living, prevalent in parts of Africa and Asia.
- Industrialized Countries: Advanced economies, including the U.S., Germany, and Japan, recognized for high production levels.
- Semi-Periphery: New industrialized countries with median living standards, such as Brazil and India.
Regional and Spatial Dynamics
- Rust Belt: Region in the U.S. marked by industrial decline and relocation of manufacturing to countries with cheaper labor.
- Export-Processing Zone: Areas established to attract export-oriented industries with favorable economic conditions.
- Fast World vs. Slow World: Contrast between economically connected regions with advanced technologies (Fast World) and developing areas lacking such benefits (Slow World).
- Spatially Fixed vs. Variable Costs: Discusses costs in manufacturing, where fixed costs remain constant and variable costs fluctuate significantly based on location.
Corporate Structure
- Conglomerate Corporation: A large company composed of multiple smaller firms across different industries.
- Footloose Firms: Manufacturing businesses not significantly tied to specific locations due to low transport costs.
- Service-Based Economies: Economies centered on services rather than manufacturing, including tourism and telecommunications.
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Test your knowledge with this flashcard quiz on Chapter 6 vocabulary from Barron's AP Human Geography. This quiz covers important terms and concepts that are vital for understanding human geography. Perfect for students preparing for the AP exam.