Unit 7 (AP HUG) Vocabulary Flashcard

Front

Which sector is characterized by activities involving the extraction of natural resources?

Back

Primary sector

Front

What term is used to describe the shift from manual labor and cottage industries to a more mechanized form of manufacturing?

Back

Industrial Revolution

Front

Which index is used to measure the extent of each country's gender inequality? Options: Gini coefficient, Gender gap, Gender Inequality Index (GII), Human Development Index (HDI)

Back

Gender Inequality Index (GII)

Front

What is the term for industries that are not tied to any specific location or resource and can relocate anywhere?

Back

Footloose

Front

Which of the following is a measure of the total economic output of a country? Gross national product (GNP), Gross national income (GNI), Gross domestic product (GDP), Purchasing power parity (PPP)

Back

Gross domestic product (GDP)

Front

What term is used to describe the model that divides the world into core, semi-periphery, and periphery countries?

Back

World Systems Theory

Front

Which of the following is a term for areas where goods are manufactured without the involvement of customs authorities?
Options:
Export processing zones (EPZs),
Free-trade zones (FTZs),
Special economic zones (SEZs),
Multinational corporations (MNCs)

Back

Free-trade zones (FTZs)

Front

What is the term for the economic principle that suggests countries should produce and export goods they can produce efficiently and import goods that they cannot produce efficiently?

Back

Comparative advantage

Front

Which organization is known for its role in overseeing international trade agreements and resolving disputes between its member countries?

Back

World Trade Organization (WTO)

Front

What term refers to the transfer of some types of jobs, especially those requiring low-paid, less skilled workers, from more developed to less developed countries?

Back

Offshoring