Unit 7 Topic 7 LJ

Which economies are mentioned as having observed deindustrialization?

• 
  China and Russia

• 
  Australia and New Zealand

• Brazil and India

• United States and Europe

All of the following are some possible causes of deindustrialization EXCEPT

• 
  globalization of markets

• 
  rapid growth in trade between MDCs and LDCs

• increased labor costs in LDCs

• fast growth of labor-intensive manufacturing industries in LDCs displacing the jobs of workers in MDCs

Deindustrialization if principally the result of which of the following?

• 
  The manufacturing sector's failure

• Higher productivity in manufacturing

• 
  The permanent decline in living standards

• The service sector shrinking

What explains the shift in employment from agriculture to manufacturing during industrialization?

• 
  Engel's law and productivity growth in agriculture

• 
  Rapid urbanization

• 
  Technological advancements in the service sector

• Decrease in global trade barriers

Just as the earlier shift to manufacturing took place at the expense of the agricultural sector, further expansion in the share of _____ employment will be at the expense of manufacturing employment.

• intellectual

• political

• research

• service

What does the article suggest about the future growth of living standards in advanced economies?

• 
  It will be encouraged by advances in the service sector

• 
  It will decline due to deindustrialization

• 
  It will depend solely on manufacturing sector growth

• 
  It will be hindered by the globalization of markets

Watch the video first, then select your answer!

I have fully watched this video.

• Yes

• No

What was Greenwood, Mississippi, famously known for before its industrialization?

• Technology innovation

• Cotton as a cash crop

• Steel production

• Automobile manufacturing

In the 1970s and 1980s, countries outside the U.S. did all of the following that led to deindustrialization and the loss of manufacturing jobs in the United States EXCEPT

• Invested in education

• Invested in infrastructure

• Closed themselves off to trade

• Offered incentives to foreign investors

What is a major reason for the loss of manufacturing jobs in the United States?

• Improved worker efficiency

• Globalization and outsourcing

• Automation and technology only

• Increased domestic demand