Unit 7 Development and Industry Test

What is industrialization?

• The change from a farming economy to a machine economy.

• The change from a machine economy to a farming economy.

• A series of inventions that brought new uses to known energy sources.

Which of the following regions in industry located in?

• Europe

• North America

• East Asia

• Africa

Where did the industrial revolution begin?

• New York

• Great Britain

• Nigeria

• China

What are the factors of production?

• Land (natural resources)

• Labor (workers)

• Capital (money)

Similar businesses cluster in the same area. An example of this would be a Food Lion and Publix across the street from one another.

• True

• False

Transportation is the most important factor in determining the location of manufacturing (where one puts their factory).

• True

• False

One way in which industrialized nations help developing nations is by providing

• aid

• laws

• taxes

Developing nations struggle to develop industries and technology, which means they need assistance (aid) from industrialized nations.

• True

• False

An economic system in which all aspects of and levels of the economy are privately owned.

• Capitalism

• Communism

• Socialism

NAFTA is an acronym for

• North American Free Trade Agreement

• North American Farming Treaty Agreement

• Nigeria Armenia France Tanzania Agreement