5 Written Questions

1. theory developed by immanuel wallerstein that explains the emergence of a core, periphery and semi-periphery in terms of economic and political connections first established at the begining of exploration in the late 15th century and maintained through increased economic access up until the present
2. a firm that conducts business in at least two separate countries also known as multinational corporations
3. used by UN tha tcalculates development not in terms of money or productivity but in terms of human welfare based on three parameters: life expectance, education, and income
4. a monetary measurement of development that takes into account what money buys in different countries
5. economic activities concerned with the processing of raw materials such as manufacturing, construction and power generation

5 Matching Questions

1. specialty goods
2. sustainable development
3. primary economic activities
4. industrial revolution
5. slow world

1. a goods that are not mass-produced but rather assembled individually or in small quantities
2. b rapid economic and social changes in manufacturing that resulted after the introduction on the factory system to the textile industry in england at the end of the 18th century
3. c developing world that does not experience the benefits fo high-sped telecommunication s and transportation technology
4. d idea that people living today should be able to meet their needs without prohibiting the ability of future generations to do the same
5. e economic activities in which natural resources are made available for use or further processing, including mining, agriculture, forestry and fishing

5 Multiple Choice Questions

1. manufacturing region of U.S. that is currently debilitated because many manufacturing firms have relocated to countreies offering cheaper labor and relaxed environmental standards
   1. productivity
   2. slow world
   3. rust belt
   4. periphery
2. measure of the goods and services produced within a particular country
   1. rust belt
   2. world cities
   3. productivity
   4. periphery
3. those countries including britain, france, the US, russia, germany, and japan that were at the forefront of the industrial production and innovation through the middle of the 20th centuary. while industry is currently shifting to other countries to take advantage of cheaper labor and more relaxed envirionmental standards, these countries still account fo ra large proportion of the world's total industrial output
   1. industrialized countries
   2. industrialization
   3. industrial revolution
   4. least developed countries
4. model of economic development that describes a country's progression which occurs in five stages transforming them from least developed to most developed countries
   1. world-systems theory
   2. sustainable development
   3. rostow's stages of development
   4. service based economies
5. activities that provide the market exchange of goods and that bring together consumers and providers fo services such as retail, transportation, government, personal, and professional services
   1. tertiary economic activities
   2. quinary economic activities
   3. quaternary economic activities
   4. primary economic activities

5 True/False Questions

1. semi- periphery → those newly industrialized countries with median standard so fliving such as chile, brazil, india, china, and indionesia. countries offer their citizens relatively diverse economic opportunities but also have extreme gaps between rich and poor

   True        False

2. periphery → countries that usually have low levels of economic productivity, low pr capita incomes, and generally low standards fo living. the world economic periphery includes africa(except for south africa), parts fo south america and asia

   True        False

3. least developed countries → countries in africa except for south africa and parts of south america and asia that usually have low levels of economic productivity , low per capita incomes and generally low standards fo living

   True        False

4. Net National Product → a firm that conducts business in at least two separate countries also known as multinational corporations

   True        False

5. regionalization → process by which specific region s acquire characteristics that differentiate then from othrs with in the same country. in economic geography, involves the development of dominant economic activities in particular regions

   True        False