unit 8 exam

Question 1

In under developed countries, most people live in _____ rather than ______

Answer 1

rural areas, urban areas

Question 2

In underdeveloped countries, birth and death rates are _____ and life expectancy is _____

Answer 2

high, low

Question 3

Economic activities that involve mining, fishing, agricultural, forestry are called?

Answer 3

Primary Sector activities

Question 4

Economic activities that involve processing and manufacturing materials into a finished product are called:

Answer 4

Secondary economic activities or the secondary sector

Question 5

Wallerstein’s world systems theory divided the world into 3 regions, list them

Answer 5

core, semi-periphery, periphery

Question 6

List the 5 countries that are considered ‘semi-periphery’’

Answer 6

Brazil, India, Mexico, South Korea and Indonesia

Question 7

Describe the Dependency Theory, the ____ send cheap labor & natural resources to the semi periphery and the core

Answer 7

Periphery

Question 8

What is the brandt line theory?

Answer 8

North-South divide, highlighting the economic disparity between developed and developing nations

Question 9

define Globalization

Answer 9

Process by which businesses / organizations develop international influence or start operating on a international scale

Question 10

Free trade

Answer 10

international trade without tariffs, quotas, or other restriction

Question 11

Protectionism

Answer 11

Practice of shielding a country’s domestic industries from foreign competition by taxing

Question 12

define tariffs

Answer 12

a tax or duty to be paid on a particular class of imports / exports

Question 13

In the film, Outsourced, where did American call- center manager Todd’s job get outsourced to?

Answer 13

Mumbai, India

Question 14

In the film, Outsourced, Todd exits his room one morning and got hit by people throwing color. Why was everyone throwing colored powder everywhere?

Answer 14

To symbolize the triumph of good over evil and the joy of spring

Question 15

define outsourcing

Answer 15

The process of hiring a party outside a company to perform services or create goods

Question 16

3 advantages of outsourcing / globalization

Answer 16

cost savings, access to a wider talent pool, ability to focus on core competencies

Question 17

3 disadvantages of outsourcing/ globalization

Answer 17

loss of control over operations, and quality, potential communication errors, job displacement