Unit 7 practice questions and answers

How many stages of development are included in Rostow’s model?

5

What is the largest trading bloc in the world?

The EU

In highly developed countries, which economic sector is the

most dominant?

Teritary

What 3factors did Weber say needed to be

considered when deciding where to open a factory?

Transportation costs, labor costs, agglomeration

Where was the hearth of the Industrial Revolution located and when did it begin?

England in the 1700s

Which world region has been the least impacted by industrialization?

Sub-Saharan Africa

In Least Cost Theory, what determines the cost of transportation?

Weight of materials and distance shipped

In which stage of Rostow’s model do

consumers have disposable income to spend on luxury goods?

Stage 5 - High Mass Consumption

Google, Meta, and Sony have their own campuses. What is the

term for this

Business parks

In which stage of

Rostow’s model is there limited trade, primarily based on

the barter system?

Stage 1 - Traditional Society

In which of these countries would you

find the highest level of gender equality?: Panama, Australia, Norway, Mali, India

Norway

When the car business boomed in Detroit, new entertainment and dining facilities sprang up. What term describes those businesses?

Ancillary activities

Why did the population of the world more than

double during the Industrial Revolution?

More food was available and medical advances

led to longer life expectancies

In which stage of Rostow’s model does

social mobility begin?

Stage 2 - Pre- Condition for Takeoff

In which stage of

Rostow’s model do the

majority of workers

shift from agriculture

to manufacturing?

Stage 3 - Takeoff

Solar, wind, and hydro energy can be replenished and replaced. What are

these examples of?

Renewable resources

Several car rental companies share the cost of building a communal parking lot for their cars. What is this an example of?

Agglomeration

What global event will

likely prevent the SDGs from being accomplished by the 2030 deadline?

Covid 19

How does Bid-Rent Theory impact industrial

locational decisions?

As there is more land available on outskirts of cities, it is cheaper to

build factories there

What is the difference

between GNP and GDP?

GDP is the value of goods/services produced within a country; GNP is the value produced by a country’s people, regardless of location

What term describes

when a change in spending or investment creates a larger change in output?

Multiplier effect

What kind of industries choose to locate close to major training institutions?

Labor-oriented

industries

Why do companies

engage in outsourcing?

To take advantage of lower wages, weaker labor/ environmental

laws, and government incentives

What line illustrates the development

gap between MDCs and LDCs?

The Brandt Line

Why do countries engage in outsourcing

To take advantage of lower wages, weaker labor, and government incentives