Podcast
Questions and Answers
What is the term used by economists to describe the phenomenon where technology favors skilled workers over unskilled workers?
What is the term used by economists to describe the phenomenon where technology favors skilled workers over unskilled workers?
- Skill-based technological change (correct)
- North and South Divide
- Globalization theory
- Global Technological Divide
In modernized economies, jobs are increasingly based on:
In modernized economies, jobs are increasingly based on:
- Traditional skills
- Manual labor
- Unskilled labor
- Technology (correct)
What does the widening gap between the rich and the poor result from in modern economies?
What does the widening gap between the rich and the poor result from in modern economies?
- Skill-based technological change (correct)
- Educational policies
- Manufacturing innovation
- Globalization processes
What is an outcome of the movement of manufacturing jobs that require low skills overseas?
What is an outcome of the movement of manufacturing jobs that require low skills overseas?
Why are the terms 'First World' and 'Third World' considered outdated and inaccurate when referring to countries?
Why are the terms 'First World' and 'Third World' considered outdated and inaccurate when referring to countries?
Which economic event led Western policymakers to conceptualize the world as three distinct blocs?
Which economic event led Western policymakers to conceptualize the world as three distinct blocs?
What is the main implication of skill-based technological change on the labor market?
What is the main implication of skill-based technological change on the labor market?
Which region did Muslim traders dominate in trade by the early 9th century?
Which region did Muslim traders dominate in trade by the early 9th century?
In the medieval era, what became the main focus of international trade?
In the medieval era, what became the main focus of international trade?
During the Age of Discovery, which European explorers accidentally discovered the Americas?
During the Age of Discovery, which European explorers accidentally discovered the Americas?
What era saw the beginning of truly global trade?
What era saw the beginning of truly global trade?
Which fields contributed to European exploration during the Age of Discovery?
Which fields contributed to European exploration during the Age of Discovery?
What did the original Belt (sea route) and Road (Silk Road) connect during the Middle Ages?
What did the original Belt (sea route) and Road (Silk Road) connect during the Middle Ages?
What latitude does the Silk Road traditionally follow?
What latitude does the Silk Road traditionally follow?
Which region is not typically included in the Silk Road's path?
Which region is not typically included in the Silk Road's path?
In what way did countries in Asia manage to leapfrog older Internet technology according to the text?
In what way did countries in Asia manage to leapfrog older Internet technology according to the text?
What theory looks at the historical colonial relations between North and South when explaining development disparities?
What theory looks at the historical colonial relations between North and South when explaining development disparities?
Which continent is mentioned as experiencing soaring Internet use and broadband access compared to others?
Which continent is mentioned as experiencing soaring Internet use and broadband access compared to others?
What is one reason cited for the ability of many Asian countries to get more people online?
What is one reason cited for the ability of many Asian countries to get more people online?
What was the primary impact of Magellan's circumnavigation?
What was the primary impact of Magellan's circumnavigation?
Why do economists hesitate to label the era of exploration as one of true globalization?
Why do economists hesitate to label the era of exploration as one of true globalization?
What characterized the European empires' colonial model during the Age of Discovery?
What characterized the European empires' colonial model during the Age of Discovery?
In what way did the first wave of globalization differ from the era of exploration?
In what way did the first wave of globalization differ from the era of exploration?
Which statement best describes the global economy during the Age of Discovery?
Which statement best describes the global economy during the Age of Discovery?
What key factor contributed to the reduction in spice prices following Magellan's circumnavigation?
What key factor contributed to the reduction in spice prices following Magellan's circumnavigation?
