Econ Geog

Which of the following types of economic systems involves the individual making all of the decisions?

• Market

• Command

• Mixed

• Traditional

Which of the following types of economic systems involves the government controlling all of the means of production?

• Command

• Traditional

• Market

• Mixed

Which of the following types of economic systems involves the individual making decisions, but the government has a role, often overseeing entire industries?

• Traditional

• Market

• Mixed

• Command

Which of the following types of economic systems involves groups making decisions based on traditions and customs that have been handed down?

• Mixed

• Traditional

• Market

• Command

Which two(2) of the following were big changes brought on by the industrial revolution?

• Goods were produced more sustainably

• Goods could be manufactured quicker

• Cars shifted from running on fossil fuels to electricity

• Literacy was no longer a priority in the hiring process.

• It was now cheaper to produce consumer goods

Which of the following resulted from the Industrial Revolution's rapid expansion?

• Coal became more important to the function of factories

• Imperialism led to rich countries losing substantial money

• A mass exodus of workers from the agricultural industry

• Rapid decline of the middle class

Which of the following resulted from the Industrial Revolution's rapid expansion?

• Expansion of the middle class

• Asian countries expanded at a quicker rate than European countries had in the previous century

• Put an end to cottage industries as the dominant world economic activities

• Imperialism led to poor countries getting richer

Which of the following resulted from the Industrial Revolution's rapid expansion?

• Cities began to shrink as factories drew drew the populous into rural areas

• Bursts of public hysteria over public health and sanitation

• Suburbs began to spring up slowly

• An uptick in the minimum wage to encourage new members of the workforce

Which two(2) of the following are reasons why businesses offshore operations to semiperiphery countries?

• Cheap foreign labor

• Easy way to boost economies of neighboring countries

• Easy to avoid environmental regulations

• Stealthy colonialism

• To maximize number of employees (to acquire tax breaks)

A __ is a result of deindustrialization in which clusters of factories sit unused.

• Periphery Zone

• Industrial Core

• Suburb

• Rust Belt