Unit 7 (AP HUG) Vocabulary Quiz

Which sector is characterized by activities involving the extraction of natural resources?

• Primary sector

• Secondary sector

• Tertiary sector

• Quaternary sector

What term is used to describe the shift from manual labor and cottage industries to a more mechanized form of manufacturing?

• Deindustrialize

• Industrial Revolution

• Rust belt

• Industrial belt

Which index is used to measure the extent of each country's gender inequality?

• Gini coefficient

• Gender gap

• Gender Inequality Index (GII)

• Human Development Index (HDI)

What is the term for industries that are not tied to any specific location or resource and can relocate anywhere?

• Labor-oriented industry

• Footloose

• Bulk-gaining industry

• Bulk-reducing industry

Which of the following is a measure of the total economic output of a country?

• Gross national product (GNP)

• Gross national income (GNI)

• Gross domestic product (GDP)

• Purchasing power parity (PPP)

What term is used to describe the model that divides the world into core, semi-periphery, and periphery countries?

• Dependency model

• World Systems Theory

• Stages of Economic Growth model

• Comparative advantage

Which of the following is a term for areas where goods are manufactured without the involvement of customs authorities?

• Export processing zones (EPZs)

• Free-trade zones (FTZs)

• Special economic zones (SEZs)

• Multinational corporations (MNCs)

What is the term for the economic principle that suggests countries should produce and export goods they can produce efficiently and import goods that they cannot produce efficiently?

• Barter

• Free trade

• Comparative advantage

• Complementarity

Which organization is known for its role in overseeing international trade agreements and resolving disputes between its member countries?

• International Monetary Fund (IMF)

• World Trade Organization (WTO)

• Mercosur

• Neoliberalism

What term refers to the transfer of some types of jobs, especially those requiring low-paid, less skilled workers, from more developed to less developed countries?

• Outsourcing

• Offshoring

• Reshoring

• Fordism