Economic Geography (SOL)

Which statement best explains why nations must trade?

• All nations belong to free trade agreements

• All nations seek out new production methods

• No nation has all necessary resources

• No nation can employ all of its laborers

One reason some companies choose to participate in outsourcing is

• lack of essential servies

• opportunity to lower production costs

• need to establish labor unions

• support for new technology

Which activity best completes this table?

• Banking

• Canning

• Fishing

• Ranching

Which is an advantage for a small, developing country in joining an economic union?

• Closing of inefficient industries

• Access to natural resources with restrictions

• Replacing family farms with agribusiness

• Greater access to international markets

Which below best completes this diagram?

• Manual Labor

• Limited communication

• Diverse economy

• Specialized production

Which best completes this diagram?

• Limited foreign regulations

• Reduced reliance on foreign trade

• Increased global influence

• Similarity of government influences

Which phrase best describes the subject of the newspaper above?

• Differences in culture

• Tariff reductions on consumer goods

• Unequal distribution of natural resources

• Internationalization of production assembly

Which is a resource that allows nations to develop a high per-capita Gross Domestic Product (GDP)?

• State-owned farms

• Humanitarian aid

• Skilled workforce

• Governmental restrictions

Which characteristic best replaces the question mark?

• Expanded regional trade

• Greater career opportunities

• Increased air pollution

• More cultural centers

In which country would a clothing company most likely locate its jean factory?

• 1

• 2

• 3

• 4