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unit 8 exam Flashcards

(17 cards)

1
Q

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

A

rural areas, urban areas

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2
Q

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

A

high, low

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3
Q

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

A

Primary Sector activities

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4
Q

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

A

Secondary economic activities or the secondary sector

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5
Q

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

A

core, semi-periphery, periphery

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6
Q

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

A

Brazil, India, Mexico, South Korea and Indonesia

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7
Q

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

A

Periphery

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8
Q

What is the brandt line theory?

A

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

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9
Q

define Globalization

A

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

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10
Q

Free trade

A

international trade without tariffs, quotas, or other restriction

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11
Q

Protectionism

A

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

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12
Q

define tariffs

A

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

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13
Q

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

A

Mumbai, India

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14
Q

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

A

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

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15
Q

define outsourcing

A

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

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16
Q

3 advantages of outsourcing / globalization

A

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

17
Q

3 disadvantages of outsourcing/ globalization

A

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