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A vegetable canning operation is likely to be located near the consumer market because of perishability concerns.

A) True
B) False

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Which is not one of the three primary expenses to be minimized in Weber's least-cost theory for industrial location decisions?


A) agglomeration costs
B) advertising costs
C) transport costs
D) labor costs

E) A) and B)
F) A) and C)

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B

Which of the following industries is LEAST likely to locate near the market for its finished products?


A) soft drink and beer bottling
B) automobile assembly
C) mattress manufacturing
D) plywood mill

E) A) and D)
F) A) and C)

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D

Business service workers are highly concentrated in major metropolitan centers and political capitals.

A) True
B) False

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The world leader in the value of world trade in services is


A) the United States.
B) the United Kingdom.
C) Germany.
D) China.

E) A) and B)
F) B) and C)

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New advances in information technology and data transmission have


A) by-passed less developed countries,damaging further their already poor economic prospects.
B) reduced the international tradability of services as home country quaternary activities expand.
C) discouraged foreign direct investment and favored domestic high-tech concentrations.
D) enhanced the comparative advantage of developing countries in labor-intensive services.

E) B) and D)
F) B) and C)

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Outsourcing is a production process which depends on


A) Subcontracting production work
B) Purchasing goods from abroad
C) Using high hourly compensation workers
D) China

E) None of the above
F) A) and B)

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In planned economies,market forces determine the location of industries.

A) True
B) False

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A leading country to which services have been outsourced is


A) China.
B) Mexico.
C) Japan.
D) India.

E) All of the above
F) A) and B)

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How has the "new international division of labor (NIDL) " come about?


A) Exporting goods from industrial countries and sending raw materials from less developing regions
B) Increasing the subdivision of manufacturing processes into larger steps
C) Offshoring manufacturing activities to developing regions
D) Developing manufacturing regions in formerly agricultural areas

E) B) and C)
F) None of the above

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A good example of market-oriented industry is


A) Aluminum manufacturing
B) Baked goods manufacturing
C) Fish processing
D) High-end automobile manufacturing

E) B) and C)
F) C) and D)

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Compare the relative allocation of economic activity among the primary,secondary,and tertiary sectors for post-industrial,newly industrialized,and least developed countries in the world economy.

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Post-industrial economies have most of t...

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Tertiary activities do NOT


A) Enter world trade
B) Constitute a factor in China's recent growth
C) Include world-wide competitive manufacturing
D) Include consumer services

E) A) and B)
F) C) and D)

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Agglomeration economies reflect cost savings resulting from the clustering of economic activities.

A) True
B) False

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Transnational corporations are an important factor in the globalizing world economy.

A) True
B) False

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Explain the difference between a Fordist mode of operation and a just-in-time production system.

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Answered by ExamLex AI

Answered by ExamLex AI

The Fordist mode of operation, named aft...

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What are the four major industrial concentrations in the world?

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Northeastern and Midwestern Un...

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Despite making up less than 10% of the total value of world trade,trade talks have been stymied by lack of agreement over trade in


A) high technology products.
B) minerals.
C) services.
D) agricultural products.

E) B) and C)
F) C) and D)

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Business services depend on providing


A) Services for other servicers
B) Raw materials for industry
C) Transportation corridors for key cities
D) Computer hardware for software engineers

E) A) and B)
F) A) and C)

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Tertiary activities include


A) Consumer services and business services
B) Tourism and ship-building
C) Raw material oriented locations and raw material transportation
D) Gambling and casino construction

E) C) and D)
F) B) and D)

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A

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