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Ind/Econ Dev Concept Test

Enter the letter for the matching Answer
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1.
quinary economic activities
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2.
export-processing zones (EPZs)
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3.
gross national product (GNP)
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4.
Millennium Development Goals
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5.
footloose firms
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6.
neo-Fordism
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7.
world-systems theory
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8.
locational interdependence theory
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9.
maquiladora
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10.
developmentalism
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11.
Rostow's model of economic development
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12.
least-cost theory
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13.
creative destruction
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14.
offshoring
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15.
tertiary economic activities
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16.
quaternary economic activities
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17.
fixed cost
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18.
spread effects
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19.
gross domestic product (GDP)
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20.
secondary economic activities
A.
A theory, developed by Alfred Weber, that states that three main expenses - labor, transportation, and agglomeration - must be minimized when locating an industry
B.
The practice of contracting with a third-party service provider in another country to take over or supervise part of the business operations.
C.
The approximate value of all final goods and services produced in a country per year
D.
The United Nations mandate of eight development goals designed to eliminate poverty by the year 2015.
E.
The cost of land, plant, and machinery that is not variable.
F.
The evolution of mass production into a more responsive system geared to the nuances of mass consumption by using flexible production systems that allow production processes to shift quickly between various products.
G.
Economic activities that deal with information and knowledge processing.
H.
The gross domestic product (GDP) plus the value of income from abroad such as earnings from a U.S. company based abroad.
I.
A theory developed by Harold Hotelling that suggest that competitors
J.
A model of development for countries based on stages of economic growth and modernization. Also called modernization theory.
K.
Smalls areas of a country with exceptional investment and trading conditions that are created by its government to stimulate and attract foreign investors and business.
L.
The theory, developed by Immanuel Wallerstein, that there is only one world system in which all nation-states historically compete for capital and labor.
M.
Economic activities that provide services
N.
The economic activities that deal with the highest level of decision-making in both the government and private sectors of the economy.
O.
Economic activities that involve the processing of raw materials into finished goods by manufacturing.
P.
Benefits to the peripheral region that accrue because of economic development in the nearby core region.
Q.
The reinvestment of funds in new, profitable ventures and regions that were once used to fund ventures and regions that are now not as profitable.
R.
The idea that every country and region will eventually make economic progress toward a high level of mass consumption if they only compete to the best of their ability within the world economy.
S.
Firms that produce something that requires minimal transport costs.
T.
A foreign-owned assembly company located in the United States-Mexico border region in order to take advantage of cheaper labor
Type the Question that corresponds to the displayed Answer.
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21.
The production of goods and parts abroad for sale in one's own country.
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22.
A chain of activities from the manufacturing to the distribution of a product.
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23.
The cost advantages (external economies) for an individual company gained by locating near similar functional industries or companies.
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24.
A theory of economic development proposed by Andre Gunder Frank based on the periphery's dependence on the core.
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25.
The production of goods and services internally by the periphery country that were once supplied by the core.
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26.
The concept that is possible to balance economic growth without jeopardizing the environment and equitable human access.
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27.
The cost savings for individual industries as a result of grouping together in a certain location.
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28.
The process (named after Henry Ford) of using assembly-line techniques and scientific management in manufacturing.
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29.
The negative impact to the peripheral region sometimes caused by increased flows of labor and capital into a nearby high-growth region.
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30.
The reduction in industrial activity that occurs when decreased profits and declining business cause a reduction in industrial employment.

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