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APHG: UNIT 6 VOCAB Quiz

Select the Definition that corresponds to the displayed Term.
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1. Bulk-reducing industries




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2. Dependency theory




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3. Industrial parks




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4. Venture capital




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5. Underdevelopment




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6. Technopole




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7. Trickle-down effect




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8. Gallatin Plan




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9. Growth poles




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10. Maquiladora




Select the Term that corresponds to the displayed Definition.
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11. a method by which a country keeps its currency artificially low in order to make the costs of imported goods high and decrease the costs of its exports




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12. employment that supports jobs in the service sector and other manufacturing industries Example: Restaurants and Retailers




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13. Characterizes a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit. Importance is that it renders competition in the market.




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14. A measure of the participating portion of an economy's labor force




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15. The set of activities involved in the production of a single good or service. This in compus is the relationship between buyers and suppliers and the flows of materials, finance, and knowledge




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16. economic activity concerned with the direct extraction of natural resources from the environment; such as mining, fishing, lumbering, and especially agriculture




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17. companies that operate factories in countries other than the one's in which they are headquartered; improve economy, avoid restrictions, lower site factors. US, Japan, Germany, France and UK




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18. A model of the spatial structure of an economic system in which underdeveloped or declining peripheral areas are defined with respect to their dependence on a dominating core region




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19. Reductions in production costs by locating in areas where wages are lower or some other factor makes it cheaper to produce in that area




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20. Derives from the idea that government intervention into markets is inefficient and undesirable, and should be resisted wherever possible. Popular during the late twentieth century, structural adjustment loans were often part of neoliberalism.





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