Mastering Hemispheres and Coordinates
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Questions and Answers

NAFTA (North American Free Trade Agreement) and OPEC (Organization of Petroleum Exporting Countries) are examples of what?

  • Trade Organizations (correct)
  • International Treaties
  • Military Alliances
  • Economic Sanctions

    • What is the definition of interdependence?

  • Countries have political ties and depend on each other for military support
  • Countries have strong economic ties and depend on each other for resources, technology, trade, and investment (correct)
  • Countries have weak economic ties and do not depend on each other for anything
  • Countries have cultural ties and depend on each other for language and customs

    • What is the definition of globalization?

  • Development of a worldwide culture with an interdependent economy (correct)
  • Development of a worldwide language
  • Development of a worldwide religion
  • Development of a worldwide political system

    • What do Buddhists strive to reach?

    <p>Nirvana</p> Signup and view all the answers

    Religious freedom, economic opportunity, land availability, and political freedom are examples of which type of factors?

    <p>Pull Factors</p> Signup and view all the answers

    What is the definition of cultural diffusion (also called cultural exchange)?

    <p>Process of spreading ideas, languages, or customs from one culture to another</p> Signup and view all the answers

    What is an import?

    <p>A good bought from another country</p> Signup and view all the answers

    Which hemispheres is the United States located in?

    <p>Northern and Western</p> Signup and view all the answers

    Which continents does the Equator run through?

    <p>South America, Africa, and Asia</p> Signup and view all the answers

    What determines absolute location?

    <p>Latitude and Longitude</p> Signup and view all the answers

    What does physical geography include?

    <p>Earth's land areas and bodies of water</p> Signup and view all the answers

    What does the geographic theme of place describe?

    <p>The characteristics that make a location unique</p> Signup and view all the answers

    What does the geographic theme of movement explain?

    <p>How and why people, ideas, and goods move from place to place</p> Signup and view all the answers

    What does the geographic theme of region refer to?

    <p>Areas of the Earth's surface with similar characteristics</p> Signup and view all the answers

    What does the geographic theme of human-environment interaction describe?

    <p>How people affect their environment and how their environment affects them</p> Signup and view all the answers

    What are latitude lines?

    <p>Imaginary circles that measure north or south of the Equator</p> Signup and view all the answers

    Which ocean do cyclones occur in?

    <p>Indian Ocean</p> Signup and view all the answers

    What is the definition of population density?

    <p>The average number of people living in a square mile</p> Signup and view all the answers

    What do Buddhists strive to reach?

    <p>Nirvana</p> Signup and view all the answers

    What are pull factors?

    <p>Factors that attract people to a certain place</p> Signup and view all the answers

    What is cultural diffusion?

    <p>The process of spreading ideas, languages, or customs from one culture to another</p> Signup and view all the answers

    What is a market economy?

    <p>An economy where individuals make their own economic decisions based on supply and demand</p> Signup and view all the answers

    What are nonrenewable resources?

    <p>Natural resources that cannot be replaced</p> Signup and view all the answers

    What is an import?

    <p>A good bought from another country</p> Signup and view all the answers

    What is an export?

    <p>A good sold to another country</p> Signup and view all the answers

    Which innovation is best credited with causing the population boom of the American Southwest in the last century?

    <p>Air Conditioning</p> Signup and view all the answers

    Which hemispheres is the United States located in?

    <p>Northern and Western Hemispheres</p> Signup and view all the answers

    What are the coordinates of Pittsburgh, PA?

    <p>40 degrees N, and 80 degrees W</p> Signup and view all the answers

    What determines absolute location?

    <p>Latitude and Longitude</p> Signup and view all the answers

    Define relative location.

    <p>Describes where a feature is in relation to the features around it</p> Signup and view all the answers

    Name the largest ocean.

    <p>Pacific Ocean</p> Signup and view all the answers

    Define physical geography.

    <p>Earth's land areas, bodies of water, plant life, and other physical features</p> Signup and view all the answers

    Define the geographic theme of place.

    <p>Describes the characteristics of a location that make it unique, or different</p> Signup and view all the answers

    Define the geographic theme of movement.

    <p>Explains how and why people, ideas, and goods move from place to place</p> Signup and view all the answers

    Define the geographic theme of region.

    <p>Refers to areas of the Earth's surface that have several common characteristics</p> Signup and view all the answers

    Define the geographic theme of human-environment interaction.

    <p>Describes how people affect their environment and how their environment affects them</p> Signup and view all the answers

    Which factors are examples of pull factors?

    <p>Religious freedom, economic opportunity, land availability, and political freedom</p> Signup and view all the answers

    What is the process of spreading ideas, languages, or customs from one culture to another called?

    <p>Cultural diffusion</p> Signup and view all the answers

    What can be determined using a population pyramid?

    <p>The percentage of males and females among certain ages</p> Signup and view all the answers

    Which type of religions believe in one god?

    <p>Judaism, Christianity, and Islam</p> Signup and view all the answers

    How would you describe a developing nation?

    <p>Countries with little industry, emphasis on agriculture, and low incomes</p> Signup and view all the answers

    What are the reasons for urbanization?

    <p>Close proximity to goods, services, and economic opportunities</p> Signup and view all the answers

    How would you define a market economy?

    <p>Individuals make their own economic decisions, based on supply and demand</p> Signup and view all the answers

    How would you define a command economy?

    <p>Government makes the key economic decisions about resources</p> Signup and view all the answers

    What are nonrenewable resources?

    <p>Natural resources that cannot be replaced</p> Signup and view all the answers

    What are renewable resources?

    <p>Natural resources that cannot be used up</p> Signup and view all the answers

    Which factors are examples of pull factors?

    <p>economic opportunity, land availability, and political freedom</p> Signup and view all the answers

    What is the process of spreading ideas, languages, or customs from one culture to another called?

    <p>Cultural diffusion</p> Signup and view all the answers

    What can be determined using a population pyramid?

    <p>Percentage of males and females among certain ages</p> Signup and view all the answers

    Which type of religions believe in one god?

    <p>Judaism, Christianity, and Islam</p> Signup and view all the answers

    What is a developing nation?

    <p>Countries with little industry, emphasis on agriculture, and low incomes</p> Signup and view all the answers

    What are nonrenewable resources?

    <p>Natural resources that cannot be replaced</p> Signup and view all the answers

    What is an import?

    <p>A good bought from another country</p> Signup and view all the answers

    What is an export?

    <p>A good sold to another country</p> Signup and view all the answers

    Which innovation is best credited with causing the population boom of the American Southwest in the last century?

    <p>Air Conditioning</p> Signup and view all the answers

    Define indigenous.

    <p>People descended from an area's first inhabitants</p> Signup and view all the answers

    Which branch of economic theory deals with the economy as a whole and decision making by large units such as governments?

    <p>Macroeconomics</p> Signup and view all the answers

    What is the term for the production and distribution of goods and services in a society?

    <p>Economy</p> Signup and view all the answers

    What is a theory or simplified representation that helps explain and predict economic behavior in the real world called?

    <p>Economic model</p> Signup and view all the answers

    What is the term for an assumption involving two or more variables that must be tested for validity?

    <p>Hypothesis</p> Signup and view all the answers

    What is the term for the amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period?

    <p>Demand</p> Signup and view all the answers

    What is the term for the amount of a good or service that producers are able and willing to sell at various prices during a specified time period?

    <p>Supply</p> Signup and view all the answers

    What is the term for the process of freely exchanging goods and services between buyers and sellers?

    <p>Market</p> Signup and view all the answers

    What is the term for a transaction in which a buyer and a seller exercise their economic freedom by working out their own terms of exchange?

    <p>Voluntary exchange</p> Signup and view all the answers

    What is the economic rule that states as price goes up, quantity demanded goes down; as price goes down, quantity demanded goes up?

    <p>The law of demand</p> Signup and view all the answers

    What is the term for the amount of a good or service that a consumer is willing and able to purchase at a specific price?

    <p>Quantity demanded</p> Signup and view all the answers

    Which term refers to the illegal market in which goods are traded at prices above their legal maximum prices?

    <p>Black market</p> Signup and view all the answers

    What is the legal minimum price below which a good or service may not be sold?

    <p>Price floor</p> Signup and view all the answers

    What is the total dollar value of all final goods and services produced in a nation in a single year?

    <p>Gross domestic product (GDP)</p> Signup and view all the answers

    Which sector includes goods and services bought by consumers for their direct use?

    <p>Consumer sector</p> Signup and view all the answers

    What is the difference between what a nation sells to other countries and what it buys from other countries?

    <p>Net exports</p> Signup and view all the answers

    What is the value of the nation's total output (GDP) minus the total value lost through depreciation on equipment?

    <p>Net domestic product (NDP)</p> Signup and view all the answers

    What is the total income earned by everyone in the economy?

    <p>National income (NI)</p> Signup and view all the answers

    What is the total income that individuals receive before personal taxes are paid?

    <p>Personal income (PI)</p> Signup and view all the answers

    What are welfare and other supplementary payments that a state or the federal government makes to individuals called?

    <p>Transfer payments</p> Signup and view all the answers

    What is the income remaining for people to spend or save after all taxes have been paid?

    <p>Disposable personal income (DI)</p> Signup and view all the answers

    Which branch of economic theory deals with behavior and decision making by small units such as individuals and firms?

    <p>Microeconomics</p> Signup and view all the answers

    What is the term used to describe the condition of not being able to have all of the goods and services one wants, because wants exceed what can be made from all available resources at any given time?

    <p>Scarcity</p> Signup and view all the answers

    What are the resources of land, labor, and entrepreneurship used to produce goods and services called?

    <p>Factors of production</p> Signup and view all the answers

    What is the term used to describe the value of the next best alternative given up for the alternative that was chosen?

    <p>Opportunity cost</p> Signup and view all the answers

    What is the term used to describe sacrificing one good or service to purchase or produce another?

    <p>Trade-off</p> Signup and view all the answers

    What is the term used to describe the graph showing the maximum combinations of goods and services that can be produced from a fixed amount of resources in a given period of time?

    <p>Production possibilities curve</p> Signup and view all the answers

    What is the term used to describe the amount of output (goods and services) that results from a given level of inputs (land, labor, capital, entrepreneurship)?

    <p>Productivity</p> Signup and view all the answers

    What is the term used to describe the ability of risk-taking individuals to develop new products and start new businesses in order to make profits?

    <p>Entrepreneurship</p> Signup and view all the answers

    What is the term used to describe the advance in knowledge leading to new and improved goods and services and better ways of producing them?

    <p>Technology</p> Signup and view all the answers

    What are tangible objects that can satisfy people's wants or needs called?

    <p>Goods</p> Signup and view all the answers

    Which term refers to the resources of land, labor, and entrepreneurship used to produce goods and services?

    <p>Factors of production</p> Signup and view all the answers

    What is the term used to describe the amount of output (goods and services) that results from a given level of inputs (land, labor, capital, entrepreneurship)?

    <p>Productivity</p> Signup and view all the answers

    What is the term used to describe the ability of risk-taking individuals to develop new products and start new businesses in order to make profits?

    <p>Entrepreneurship</p> Signup and view all the answers

    What is the term used to describe tangible objects that can satisfy people's wants or needs?

    <p>Goods</p> Signup and view all the answers

    What is the term used to describe actions that can satisfy people's wants or needs?

    <p>Services</p> Signup and view all the answers

    What is the term used to describe the value of the next best alternative given up for the alternative that was chosen?

    <p>Opportunity cost</p> Signup and view all the answers

    What is the term used to describe the graph showing the maximum combinations of goods and services that can be produced from a fixed amount of resources in a given period of time?

    <p>Production possibilities curve</p> Signup and view all the answers

    Which branch of economic theory deals with behavior and decision making by small units such as individuals and firms?

    <p>Microeconomics</p> Signup and view all the answers

    What is the term used to describe the process of spreading ideas, languages, or customs from one culture to another?

    <p>Globalization</p> Signup and view all the answers

    What is the term used to describe the branch of economic theory that deals with the economy as a whole and decision making by large units such as governments?

    <p>Macroeconomics</p> Signup and view all the answers

    Which term refers to the illegal market in which goods are traded at prices above their legal maximum prices or in which illegal goods are sold?

    <p>Black market</p> Signup and view all the answers

    What is the term for a legal minimum price below which a good or service may not be sold?

    <p>Price floor</p> Signup and view all the answers

    What is the total dollar value of all final goods and services produced in a nation in a single year?

    <p>Gross domestic product (GDP)</p> Signup and view all the answers

    Which sector includes goods and services bought by consumers for their direct use?

    <p>Consumer sector</p> Signup and view all the answers

    What is the value of the nation's total output (GDP) minus the total value lost through depreciation on equipment?

    <p>Net domestic product (NDP)</p> Signup and view all the answers

    What is the total income earned by everyone in the economy?

    <p>National income (NI)</p> Signup and view all the answers

    What is the income remaining for people to spend or save after all taxes have been paid?

    <p>Disposable personal income (DI)</p> Signup and view all the answers

    What is the term for a prolonged rise in the general price level of goods and services?

    <p>Inflation</p> Signup and view all the answers

    What is the measure of the change in price over time of a specific group of goods and services used by the average household?

    <p>Consumer price index (CPI)</p> Signup and view all the answers

    What is the measure of the change in price over time that the United States producers charge for their goods and services?

    <p>Producer price index (PPI)</p> Signup and view all the answers

    Which branch of economic theory deals with the economy as a whole and decision making by large units such as governments?

    <p>Macroeconomics</p> Signup and view all the answers

    What is the term for the production and distribution of goods and services in a society?

    <p>Economy</p> Signup and view all the answers

    What is a theory or simplified representation that helps explain and predict economic behavior in the real world called?

    <p>Economic model</p> Signup and view all the answers

    What is the term for the amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period?

    <p>Demand</p> Signup and view all the answers

    What is the term for the amount of a good or service that producers are able and willing to sell at various prices during a specified time period?

    <p>Supply</p> Signup and view all the answers

    What is the process of freely exchanging goods and services between buyers and sellers called?

    <p>Market</p> Signup and view all the answers

    What is the economic rule that states as price goes up, quantity demanded goes down; as price goes down, quantity demanded goes up?

    <p>The law of demand</p> Signup and view all the answers

    What is the term for the additional amount of satisfaction a consumer gets from purchasing one more unit of a product?

    <p>Marginial utility</p> Signup and view all the answers

    What is the rule stating that the additional satisfaction a consumer gets from purchasing one more unit of a product will lessen with each additional unit purchased?

    <p>The law of diminishing marginal utility</p> Signup and view all the answers

    What are the determinants of demand?

    <p>Change in population; changes in income; changes in tastes and preferences; substitutes; complementary goods</p> Signup and view all the answers

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