Mr. Sinn APHUG 7.7

What is the primary reason businesses in core countries move production to semi-periphery and periphery countries?

• To access more advanced technology and infrastructure.

• To take advantage of lower labor costs and less regulation.

• To reduce their carbon footprint and promote sustainability.

• To increase their market share in core countries.

Which economic sectors are core countries losing jobs in due to companies seeking cheaper labor markets and less regulation?

• Primary and Quaternary sectors.

• Secondary and Tertiary sectors.

• Quaternary and Quinary sectors.

• Primary and Tertiary sectors.

What is the process of relocating a business process or service to a foreign country called?

• Outsourcing

• Economic Restructuring

• Offshoring

• Globalization

When a business contracts out a service or job to an external provider to reduce costs and increase efficiency, what is this process called?

• Offshoring

• Outsourcing

• Economic Restructuring

• Comparative Advantage

What concept describes how a company can reduce the average cost to produce its product as it grows larger?

• Comparative Advantage

• Multiplier Effect

• Economies of Scale

• Just-In-Time Delivery

What concept describes how countries specialize in different economic activities based on their ability to produce a good or service at a lower opportunity cost?

• Economic Restructuring

• International Division of Labor

• Urban Blight

• Multiplier Effect

What is the term for the decline of industrial production and manufacturing in an economy or region, often seen in core countries?

• Industrialization

• Urban Blight

• Deindustrialization

• Economic Specialization

What is the primary objective of Special Economic Zones (SEZs)?

• To restrict foreign investment and protect domestic industries.

• To promote environmental conservation and sustainable practices.

• To attract foreign investment and promote economic growth.

• To establish military bases and enhance national security.

Which type of zone is specifically designed to prioritize the exportation of goods manufactured within its borders?

• Free Trade Zone (FTZ)

• Special Economic Zone (SEZ)

• Export Processing Zone (EPZ)

• Customs Union

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