UNIT 6 EXAM GROUP REVIEW - INDUSTRY & DEVELOPMENT

Match the following:

• Specialization of labor across countries

• Post-Fordism

• Transition to mechanized production

• Industrial Revolution

• Flexible production systems

• Fordism

• Mass production techniques

• International Division of Labor

Match the following

• the network of suppliers, manufacturers, and distributors involved in delivering products to consumers

• least-cost theory

• the process of packing goods into containers for shipping

• break-of-bulk point

• minimizing costs in production and distribution

• global supply chain

• inventory strategy that aligns orders with production schedules

• just-in-time delivery

• the location where goods are transferred from one mode of transport to another

• containerization

Match the following

• Measures gender disparity in various dimensions

• Gross National Income

• Goods + services for a country in a year

• Global North/South

• Economic activities not regulated by the government

• Gender Inequality Index

• Distribution of developed and developing

• Informal Sector

• UN index measuring development

• Human Development Index

Match the following

• controls operations multiple countries

• transnational corporation

• 2 parties exchange goods the other needs

• comparative advantage

• small $ to women - start small business

• economies of scale

• cost advantages that enterprises obtain due to scale of operation

• microlending

• ability to produce more of a good at a lower opportunity cost

• complementarity

Match the following:

• loans to LDCs - strings attached

• OPEC

• oil consortium-controls production rates

• EU

• trading bloc - goods and people

• TARIFF

• Tax on imports

• MERCOSUR

• Latin American trading bloc

• IMF

Label each of the following as primary, secondary, tertiary, or quaternary economic activity

Groups:

(a) PRIMARY

,

(b) SECONDARY

,

(c) TERTIARY

,

(d) QUATERNARY

• software development and programming

• agriculture and farming

• textile production

• automobile assembly

• retail sales

• collection, processing, and manipulation of information

• data analysis and interpretation

• teaching

• extract natural resources from the environment

• exchange of goods and providing services

• mining and quarrying

• professional, scientific, and technical services

• digital marketing and e-commerce

• manufacturing of goods

• research and development

• forestry and logging

• construction and building

• fishing and aquaculture

• food processing

• transportation

Least Cost/Locational Factors

Groups:

(a) BULK-REDUCING

,

(b) BULK-GAINING

,

(c) FOOTLOOSE

,

(d) JUST-IN-TIME

• electronics/microchips

• paper production

• call centers

• auto parts manufacturing

• big box store inventory

• soft-drink bottling

• brewing

• nickel smelting

• automobile assembly

Choose the one that does not belong:

• high labor costs

• the South

• lower site factor costs

Choose the one that does not belong:

• outsourcing/offshoring

• lower labor costs

• lower transportation costs

Choose the one that does not belong:

• China

• India

• English as a comparative advantage