Which of the following best explains a trading relationship between two countries based on comparative advantage?
Human Geography

Quiz
•
Social Studies
•
9th Grade
•
Hard
John Robinson
Used 1+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Two countries trade in luxury items, but the volume of trade is limited by the highest cost of long-distance trade.
One country exports raw materials and the other country exports manufactured goods, resulting in a global economic balance.
Each country specializes in the type of good for which it has the lowest opportunity cost, resulting in a higher global output of both types of goods.
Each country exports the same type of good because the countries are similar in terms of natural resources and labor costs.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A clustering of doctor’s offices and pharmacies near hospitals is BEST explained by the benefits of
decentralization
intervening opportunity
agglomeration
enfranchisement
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The map shows the locations of world financial, banking, and investment centers. Which of the following best explains a limitation of the map’s representation of global economic patterns?
The map does not show the locations of export processing zones in more developed countries.
The map does not show the growth of investment in businesses in less developed countries.
The map does not show major population centers located in the Southern Hemisphere.
The map does not show the environmental pollution associated with industrial cities.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following explains the degree to which deindustrialization and the rise of service economies have affected population and income across scales in Detroit and in the state of Michigan overall?
Loss of manufacturing and related service-industry jobs has affected many communities across the state, but there has been some improvement in service-industry employment in the city of Detroit.
Loss of manufacturing and related service-industry jobs has affected the Detroit area, but there has been a small improvement in service-industry income growth in other parts of the state.
Loss of manufacturing and related service-industry jobs has affected the Detroit metropolitan area, but the city of Detroit has experienced service-industry income growth.
Loss of manufacturing and related service-industry jobs has affected the city of Detroit, but the Detroit metropolitan area has experienced service-industry income growth.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
International Division of Labor
When a company sends goods/services out for external production, typically where labor is cheaper to achieve comparative advantages have led to a decline in jobs in core regions and an increase in jobs in newly industrialized countries e.g. assembly of low skill goods in China , customer service/product support in India
Refers to the shift in the core to service industries and an associated shift to manufacturing in the semi-periphery and periphery as companies search for the cheapest locations to take advantage of low-cost labor to manufacture and assemble components which has been facilitated by improvements in transportation/communication technology
Designated area that has economic laws that are more free-market-oriented than a country's typical national laws e.g. Shenzhen, China
The relocation of business processes and services to a lower-cost foreign location particularly white-collar, technical, professional, and clerical services. ie. IT support, call centers
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
HDI (Human Development Index)
A measure of a country's standard of living, including health and education
Service sector industries that require a high level of specialized knowledge or technical skill. Examples include scientific research and high-level management.
Economic activity that involves collecting, processing & manipulation of information & capital e.g. finance, insurance, computer services
The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The global pattern of gender inequality index scores is similar to the expected pattern of countries by level of economic development, with the exception of a few countries such as
Brazil, Libya, and China
Mexico, Argentina, and India
South Africa, Australia, and New Zealand
Japan, Spain, and Canada
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