unit 7 review

What term describes countries that have almost no infrastructure, a low to mid HDI rating, and have not been through the process of industrialization?

• Developed nation

• Emerging market

• Less developed nation

• Industrialized nation

Which invention sped up communication across great distances?

• Telephone

• Radio

• Telegraph

• Television

What is the term for making many goods in a factory?

• Mass production

• Custom manufacturing

• Handcrafting

• Small batch production

What term is used to describe the things required to complete a job, including buildings and materials?

• Capital

• Labor

• Revenue

• Profit

Which factor of production is associated with things that come from the Earth?

• Labor

• Capital

• Land

• Entrepreneurship

What type of industry uses skilled labor, produces goods in smaller quantities, and requires lots of time?

• Cottage industry

• Manufacturing industry

• Service industry

• Technology industry

What system uses unskilled labor and the division of labor to produce many goods in a short amount of time?

• Factory system

• Cottage industry

• Craftsmanship

• Artisanal production

Water, trees, and sunlight are examples of this

• renewable resources

• non-renewable resources

• fossil fuels

• minerals

Which factor of production involves people finding new ways to use other factors to produce goods or provide a service?

• Labor

• Capital

• Land

• Entrepreneurship

Which factor of production is related to jobs and the value of your work?

• Labor

• Capital

• Land

• Entrepreneurship