A.P Unit 6 Study Guide

What are some issues or concerns about nonrenewable energy sources?

Burning fossil fuels releases carbon dioxide, which is directly linked to global warming - so fossil fuels are very damaging to the health of our planet. Huge amounts of fuel reserves: To keep power stations working, you need truckloads of fuel. This can make energy generation very expensive

According to Wallterstein's theory, what attributes do core countries share?

Core countries (e.g., U.S., Japan, Germany) are dominant, capitalist countries characterized by high levels ofindustrialization and urbanization. Core countries are capital intensive, have high wages and high technology production patterns and lower amounts oflabor ex-ploitation and coercion.

What are the three tiers of Wallerstein's theory?

Core, semi-periphery, periphery

Describe a command economy.

Government determines work, wages, and what is produced

List the four Asian tigers.

Hong Kong, Singapore, South Korea, and Taiwan

What organization was created in 1944- along with the World Bank- to provide economic assistance to nations needing it?

IBRD is the first of five member institutions that compose the World Bank Group

Describe the "Drive to Maturity" stage in Rostow's Model of Development.

Modern technology pervades from the few takeoff industries to other economic sectors, thus sparking rapid growth.

What group regulates the distribution and price of petroleum (a world-wide commodity)?

Organization of the Petroleum Exporting Countries (OPEC) is a cartel consisting of 14 of the world's major oil-exporting nations. OPEC aims to regulate the supply of oil in order to set the price on the world market.

During what time period was the Industrial Age or the First Industrial Revolution?

The 18th century

What is a "cottage industry?"

a business or manufacturing activity carried on in a person's home.

What types of industries are involved in the primary sector of the economy?

any industry involved in the extraction and production of raw materials, such as farming, forestry, fishing and mining

Describe a capitalist economy.

economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy

How did the Industrial Revolution help develop imperialism?

it gave the motive and the ability to imperialize Asia and Africa

What are characteristics of a developed country?

market economy, high GDP, industrialization, widespread private ownership of property, and stable and effective governments

What are some examples of alternative fuels?

nuclear energy, hydroelectric power, wind energy, solar power, and biomass

In Rostow's Model of Development, which term is used to describe a society whose transportation and infrastructure is improving, allowing for improved economic development?

preconditions for takeoff

In which economic division would US technology jobs be classified?

quarternary

What characteristics do nations on the semi-periphery share?

the complexity of economic activities, strength of state machinery, and cultural integrity

According to Weber's Least Cost Theory, the location of a manufacturing company is determined by which three factors?

three factors determine the location of a manufacturing plant: the location of raw materials, the location of the market, and transportation costs.

What are some immediate results of the Industrial Revolution in Europe?

unprecedented rise in the rate of population growth