7.2 Fast & Curious Vocab

What is the term for a location where goods are transferred from one mode of transportation to another?

• Site factors

• Break-of-bulk

• Multiplier effect

• Situation factors

Which theory suggests that industries are located where they can minimize costs and maximize profits?

• Least cost theory

• Multiplier effect

• Labor-intensive industry

• Site factors

What are the physical characteristics of a location, such as land, labor, and capital, known as?

• Situation factors

• Break-of-bulk

• Site factors

• Multiplier effect

What term describes the external factors that affect a location, such as its proximity to markets and resources?

• Site factors

• Situation factors

• Least cost theory

• Labor-intensive industry

What is the term for the economic concept where an increase in spending produces an increase in national income and consumption greater than the initial amount spent?

• Break-of-bulk

• Multiplier effect

• Site factors

• Situation factors

Which type of industry requires a large amount of labor to produce its goods or services?

• Break-of-bulk

• Labor-intensive industry

• Least cost theory

• Situation factors

Which of the following is NOT a site factor?

• Climate

• Proximity to markets

• Availability of labor

• Natural resources

Which factor is most concerned with the transportation costs of raw materials and finished products?

• Site factors

• Situation factors

• Multiplier effect

• Labor-intensive industry