Economic Geography

What is economic geography?

• The study of the spatial distribution of economic activity and economic development

• The study of weather patterns affecting economic growth

• The study of ancient economic systems

• The study of political geography

Who proposed the Least Cost Theory?

• Walt Whitman Rostow

• Alfred Weber

• Karl Marx

• Immanuel Wallerstein

What is commodity dependence?

• An economic situation where a country relies on the export of commodities for wealth

• An economic theory about labor costs

• A social theory about community development

• A political theory about resource distribution

Who proposed the five stages of economic development?

• Immanuel Wallerstein

• Alfred Weber

• Walt Whitman Rostow

• Karl Marx

What is the primary economic sector focused on?

• Harvesting, gathering, and collecting natural resources

• Refining raw natural resources

• Retail sales and mass consumption

• Technology and research

Which sector includes manufacturing and construction?

• Quaternary economic sector

• Secondary economic sector

• Primary economic sector

• Tertiary economic sector

What does the tertiary economic sector revolve around?

• Technology and research

• Harvesting natural resources

• Retail sales and mass consumption, and the service industry

• High-level professional decision-making

What is the semi-periphery in world-systems theory?

• The most developed nations

• The nations with the most resources

• Somewhere in between the core and the periphery

• The least developed nations

What is the quinary economic sector focused on?

• High-level professional decision-making

• Retail sales

• Technology and research

• Manufacturing

What is the core in world-systems theory?

• The nations with the least resources

• The nations with the most resources

• The least developed nations

• The nations with the most economic wealth