Podcast
Questions and Answers
What distinguishes the primary sector of the economy from the secondary sector?
What distinguishes the primary sector of the economy from the secondary sector?
- The primary sector focuses on financial services, while the secondary sector is based on agriculture.
- The primary sector includes technology services, whereas the secondary sector concerns retail.
- The primary sector involves the extraction of natural resources, while the secondary sector involves manufacturing. (correct)
- The primary sector is solely responsible for exports, while the secondary sector is only for domestic consumption.
What is a key characteristic of the cycle of poverty?
What is a key characteristic of the cycle of poverty?
- High levels of employment reduce the likelihood of poverty cycles.
- Government policies can effectively eliminate poverty cycles completely.
- Limited resources and opportunities trap individuals in low-income situations. (correct)
- Increased access to education leads to long-term economic growth.
Why is China referred to as the 'workshop of the world'?
Why is China referred to as the 'workshop of the world'?
- Due to its high labor costs making it an attractive manufacturing hub.
- Because of the innovation derived from its technology sector.
- As a result of strict regulatory controls on export markets.
- Owing to its vast infrastructure allowing for efficient industrial production. (correct)
What contributes to India needing to import oil?
What contributes to India needing to import oil?
What is a significant factor in the location choices of TNCs for their factories?
What is a significant factor in the location choices of TNCs for their factories?
Flashcards
Define 'prisoner of geography'.
Define 'prisoner of geography'.
The idea is that a country's geography can limit or shape development opportunities. Ex. A landlocked nation is restricted in exporting/importing products through natural barriers.
How can physical geography influence development?
How can physical geography influence development?
A country's geography can affect its economy, trade, and ability to grow.
Define 'physical geography'.
Define 'physical geography'.
Physical geography studies the Earth's physical features, including landforms, climate, and water bodies.
Reasons why China became the 'workshop of the world'.
Reasons why China became the 'workshop of the world'.
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Where are TNCs locating factories now?
Where are TNCs locating factories now?
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Study Notes
The Almighty Dollar
- Define the economy
- Define the different economic sectors (primary, secondary, tertiary, quaternary, formal, informal)
- Describe the key characteristics of the economy
- Describe how a country's economy changes over time (using the Clark-Fisher Model)
- Explain why China became known as the 'workshop of the world'
- Identify current locations of TNCs
- Explain reasons for TNC/industry location choices
- Evaluate advantages and disadvantages of Chinese investment in Africa
- Describe the characteristics of the 'cycle of poverty'
- Explain why the 'cycle of poverty' continues
- Explain why Nigeria imports rice
- Explain why India has a tax problem
- Explain why India needs to import oil
Prisoners of Geography
- Define 'physical geography'
- Explain how physical geography influences development
- Define the 'prisoner of geography' concept
- Evaluate the extent that physical geography can be a blessing or a curse in reference to the development of a country
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Description
This quiz explores key concepts in economic geography, including the definitions of different economic sectors and the Clark-Fisher Model. It also investigates the influence of physical geography on development and the challenges faced by countries like China and Nigeria. Test your knowledge on the relationship between geography and economic dynamics!
