APHG Unit 7 Lesson 6 (Skill 7.7)

Multiple Choice

Why are factory jobs being outsourced to India?

• Higher labor costs and lack of skilled workforce
• Government incentives and tax breaks
• Rising demand for products in India
• Lower labor costs and access to a skilled workforce

Categorize

Options (3)

Tertiary

Quaternary

Secondary

As a country De-industrializes, how do the economic sectors change?

Increases

Decreases

Multiple Choice

Which part of America is in the "Rust Belt"?

Categorize

Options (6)

Many workers

Few workers

Low skilled workers

Highly Skilled workers

Mass production

Specialized production.

Organize these options into the right categories

FORDIST

POST-FORDIST

Multiple Choice

Which is a description of "multiplier effect"?

• Decrease in final income from initial spending
• Proportional increase in final income from initial spending
• No change in final income from initial spending
• Random fluctuation in final income from initial spending

Multiple Choice

Why is a "special economic zone" beneficial?

• Attracts foreign investment and boost economic growth.

• It has no impact on foreign investment or economic growth
• It leads to higher taxes and stricter customs procedures
• It increases unemployment and poverty

Multiple Choice

What is the advantage of using a free-trade-zone?

• Reduced or eliminated tariffs, streamlined customs procedures, and increased trade opportunities
• Decreased trade opportunities and limited market access
• Complicated customs procedures and restrictions
• Increased taxes and tariffs

Multiple Choice

What is the advantage of using an export processing zone (EPZ)?

• To discourage foreign investment and hinder exports
• To increase import tariffs and reduce exports
• To limit economic growth and discourage international trade
• To attract foreign investment and promote exports

Multiple Choice

Which of the following is True about maquiladoras?

• They are agricultural farms in Mexico
• They are manufacturing plants in Mexico operated by foreign companies.
• They are owned and operated by Mexican government
• They are located in Canada and operated by Mexican companies

Multiple Choice

Which of the following is a description of economy of scale?

• The average cost per unit increases as the volume of production increases.
• Economy of scale has no impact on the average cost per unit.
• The average cost per unit decreases as the volume of production increases.
• Economy of scale only applies to small businesses.

Multiple Choice

What is an advantage of "Just in time delivery"?

• Higher risk of overstocking and understocking
• Reduction in inventory costs and improved efficiency in production and delivery processes
• Increased inventory costs and decreased efficiency in production and delivery processes

Multiple Choice

Which is an example of vertical integration?

• A company that only operates its own suppliers
• A company that only operates its own distributors
• A company that has no control over its suppliers and distributors
• A company that owns and operates its own suppliers and distributors.

Multiple Choice

What is an advantage of a "agglomeration"?

• Increased transportation costs
• No impact on cost or efficiency
• increases competion and reduced transportation costs

• Decreased economies of scale

Categorize

Options (3)

Clustering of similar businesses

Cooperation

Competition

Organize these options into the right categories

Growth Pole

Agglomeration

BOTH