AP Unit 7

outsourcing

• or value of goods or services produced by one person by a company in another country.

• or value of goods or services produced by one mom by a company in another country.

• or value of goods or services produced by one country by a company in another country.

• or value of goods or services produced by one teenager by a company in another country.

free-trade zones

• or areas where goods are sold without trade barriers such as tariffs.

• or areas where goods are purchased without trade barriers such as tariffs.

• or areas where goods are traded without trade barriers such as tariffs.

• or areas where goods are traded without trade barriers such as taxes.

Image above is an example of

• Post-Fordist production

• Bulk-gaining industry

• Deindustrialization

• Bulk-reducing industry

Maquiladoras are

• US workers that move to other countries for jobs

• Mexican factories on the US border that are owned and operated by US companies

• Mexican workers who enter the US legally on a work visa

• Mexican and American workers who migrate to Canada for higher paying jobs

What is the primary purpose of the North American Free Trade Agreement (NAFTA)?

• To eliminate trade barriers between the US, Canada, and Mexico

• To create a single currency for North America

• To establish a military alliance between North American countries

• To promote cultural exchange programs

Which of the following best describes the term 'globalization'?

• The process of increasing interdependence and interaction among countries

• The creation of a single global government

• The isolation of countries from international trade

• The development of local cultures and traditions

What is a key characteristic of a command economy?

• Government makes all economic decisions

• Supply and demand determine prices

• Businesses operate with little government intervention

• Private ownership of resources is encouraged

Which of the following is a consequence of urbanization?

• Increased rural population

• Decreased demand for public services

• Growth of cities and metropolitan areas

• Reduction in industrial activities

What is the significance of the Industrial Revolution?

• It marked the beginning of the use of stone tools

• It led to the development of agriculture

• It initiated a shift from agrarian economies to industrial economies

• It resulted in the decline of trade routes

Which of the following is an example of cultural diffusion?

• The spread of Buddhism from India to East Asia

• The isolation of indigenous tribes in the Amazon

• The development of unique dialects in remote areas

• The invention of the printing press in Europe