Practice Quiz Chapter 11

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. The principle of least effort is considered to be a guiding principle in human activities and refers to _________.

a) physical distance correct incorrect

b) minimizing distances and related movements correct incorrect

c) maximizing distance and related movements correct incorrect

d) the capacity to determine locations and distances correct incorrect

e) none of the above correct incorrect

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. _________ is the circumstances in which a person is indifferent to or estranged from nature or the means of production.

a) Disorganized capitalism correct incorrect

b) Tariff correct incorrect

c) Time–space convergence correct incorrect

d) Alienation correct incorrect

e) Competitive capitalism correct incorrect

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.

Time–space convergence is primarily facilitated by _________.

a) transportation technology correct incorrect

b) communication technology correct incorrect

c) virtual reality technology correct incorrect

d) decreasing economic distance correct incorrect

e) eliminating regional boundaries correct incorrect

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. _________ are the introduction of new inventions or ideas, especially ones that lead to change in human behaviour or production processes.

a) Inventions correct incorrect

b) Innovations correct incorrect

c) Technologies correct incorrect

d) Tariffs correct incorrect

e) Revolutions correct incorrect

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. The single most relevant variable to trade is _________.

a) the specific resource base of a given area correct incorrect

b) the size and quality of the labour force correct incorrect

c) the amount of capital in a country correct incorrect

d) distance correct incorrect

e) quality of the goods and services correct incorrect

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. Transnational corporations are distinguished from earlier business organizations in that _________.

a) they are able to command and control production and sales at a global scale correct incorrect

b) they can relocated production and other facilities with relative ease correct incorrect

c) they are functionally integrated and able to benefit from geographic variations in capital, knowledge, labour, resources, national regulations, and taxes correct incorrect

d) both A and B correct incorrect

e) all of the above correct incorrect

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. A tariff is _________.

a) a difference in labour correct incorrect

b) a tax or customs duty imposed on imports from other countries correct incorrect

c) an entrepreneurship correct incorrect

d) a new invention that leads to a change in human behaviour correct incorrect

e) a guiding principle in human activities correct incorrect

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. Economic integration in regions can occur as _________.

a) the removal of artificial barriers to trade correct incorrect

b) the imposition of a common tariff barrier amongst countries correct incorrect

c) the formation of an economic union correct incorrect

d) the development of a common market correct incorrect

e) all of the above correct incorrect

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. The impact of canals on trade and transportation is _________.

a) increased trade of goods correct incorrect

b) the shortening of distance for the transport of goods correct incorrect

c) the lengthening of distance for the transport of goods correct incorrect

d) decreased trade of goods correct incorrect

e) increased trade conflicts correct incorrect

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. Economic globalization occurs when _________.

a) production and distribution are no longer contained by national boundaries due to the rise of transnational corporations correct incorrect

b) transnational corporations' revenue exceeds the gross national income (GNI) of many countries correct incorrect

c) countries become more protectionist with respect to trade correct incorrect

d) all of the above correct incorrect

e) none of the above correct incorrect