When businesses seem to maximize profit by substituting one factor of production for another

• agglomeration economy

• outsourcing

• the primary sector

• just-in-time delivery

• the substitution principle

The shift in manufacturing withing the United States to the South can be explained by all of the following traits of the South EXCEPT...

• lower wages

• increased population

• more government regulations

• more land available for development

• greater accessibility to numerous highways

Which is the best example of a footloose activity?

• a steel mill

• an auto assembly plant

• a unoversity

• a real estate office

• an aluminum smelter

the potential a job to produce additional jobs

• add-on effect

• multiplier effect

• primary sector

• secondary sector

• substitution principle

Which person is most likely to work in a front office than a back office?

• a customer-service representative who handles phone calls

• the chief executive for a large corporation

• an assembly worker in the auto industry

• an accountant who handles a company's payroll

• a writer who works on marketing materials

Silicon Valley in Northern California is famous as the home to many businesses that produce high-tech products or serve high-tech companies. This demonstrates the principle of...?

• outsourcing

• post-Fordism

• market dependence

• back office processing

• agglomeration economies

Fishing, farming, forestry, and mining are considered part of which economic sector?

• Primary

• secondary

• tertiary

• quaternary

• quinary

Which reason explains why, according to Weberian analysis, an automobile assemble plant is most likely to be located at an intermediate location approximately at the factory?

• Automobiles are a weight-gain industry made of multiple parts.

• Cars are expensive to import because of high tariffs.

• The weight-loss element of cars requires a location near a resource.

• Environmental regulations require cars to be assembled near cities.

• Labor costs are usually lower in high population areas.

A set of changes in technology that dramatically increased manufacturing productivity

• Imperialism

• Industrial Revolution

• footloose

• front offices

a policy of extending a country's political and economic power

• Imperialism

• Industrial Revolution

• Assemble Line

• Multiplier effect