Geography of World Commerce Exam Preparation Guide
Course Introduction
Geography of World Commerce explores the spatial distribution and interconnectedness of global economic activities, focusing on how physical geography, resources, transportation networks, and political boundaries influence patterns of trade and commerce. The course examines the location of major industries, trade routes, and commercial centers, as well as contemporary issues such as globalization, regional trade agreements, supply chain logistics, and the environmental impact of global commerce. Students gain a comprehensive understanding of how geographic factors shape economic systems and contribute to the complex dynamics of international business.
Recommended Textbook
The World Economy Geography Business Development 6th Edition by Frederick P. Stutz
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14 Chapters
1739 Verified Questions
1739 Flashcards
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Page 2
Chapter 1: Economic Geography: An Introduction
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72 Verified Questions
72 Flashcards
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Sample Questions
Q1) The primary flow of goods associated with globalization of consumption is from more developed countries to less developed countries.
A)True
B)False
Answer: True
Q2) The study of space is inseparable from the study of ________.
Answer: time
Q3) What is the state of Economic Geography with respect to its overall approach?
A) Economic geography recognizes structural theories as dominant.
B) Humanistic geography is the pre-eminent theory in economic geography today.
C) Poststructuralists have become the leaders in economic geography theory.
D) Logical positivism is the overwhelming approach in economic geography.
E) Economic geography recognizes several different schools of thought.
Answer: E
Q4) The networks,processes,and institutions that shape the planetary system of resource distribution,create wealth and poverty in different parts of the globe is the ________
Answer: world economy
Q5) The international economic system is synonymous with the ________ ________.
Answer: world economy
Page 3
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Chapter 2: The Historical Development of Capitalism
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183 Verified Questions
183 Flashcards
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Sample Questions
Q1) What are Kondratiev Waves?
A) trade routes from Europe and Africa to the Americas
B) ups and downs that occur in socialist economies
C) cycles of growth and decline, marked by different technologies
D) what occurs in areas that are opened up to farming for the first time
E) successive invasions of Europe by Russian armies
Answer: C
Q2) In what British colony were the indigenous aborigines almost eradicated,and eventually turned into a penal colony?
A) Australia
B) Burma
C) Hong Kong
D) Malaysia
E) Singapore
Answer: A
Q3) The level of output generated by a given volume of input is called ________. Answer: productivity
Q4) The printing press was invented by ________ in 1450. Answer: Gutenberg
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Chapter 3: Population
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134 Flashcards
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Sample Questions
Q1) Men migrate less frequently than women.
A)True
B)False
Answer: False
Q2) When did the population of the earth first reach 1 billion?
A) 1350 B.C.
B) 550 B.C.
C) 250 A.D.
D) 1050 A.D.
E) 1850 A.D.
Answer: E
Q3) Which is NOT TRUE regarding migration?
A) Social conflict is a frequent consequence of migration.
B) Migrants can contribute to the economic well-being of the places they settle in.
C) A massive influx of people to a region can cause problems.
D) mMgration can intensify problems of poverty by reducing the supply of labor at the source area.
E) Migration can cause "brain drain" in the source area.
Answer: D
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Page 5
Chapter 4: Resources and Environment
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186 Verified Questions
186 Flashcards
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Sample Questions
Q1) What group of countries actively practices mariculture (fish farming)?
A) Egypt, Iraq, Iran
B) Greece, Albania, Italy, Croatia (southeastern Europe)
C) Russia, Latvia, Estonia
D) Uganda, Mozambique, Malawi, Tanzania (southeastern Africa)
E) United States, Norway, Japan
Q2) Which of the following is TRUE?
A) Present world grain production can more than adequately feed every person on earth.
B) Fish meal is the biggest threat to the world's fisheries.
C) Per acre, large-scale farms are far more productive than small-scale farms.
D) Government production programs in many developing countries ignore small farmers.
E) All of the above are true.
Q3) In developing countries,the structure of agriculture is closely associated with poverty because land ownership is frequently concentrated amongst a small elite.
A)True
B)False
Q4) The cultivation of food fish is also known as ________.
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Chapter 5: Theoretical Considerations
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127 Flashcards
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Sample Questions
Q1) What is the crucial social relation of production?
A) between corporations and financial institutions
B) between business and government
C) between owners of the means of production and the workers who operate those means
D) between producers and consumers
E) between competing firms
Q2) Which of the following is an example of a functional organization structure for a firm?
A) cars, trucks, buses, farm equipment
B) Northeast region, Southeast region, West Coast region, Central region
C) industrial, commercial, consumer, government
D) manufacturing, marketing, finance, R&D
E) over $5 million, $3 million-$4.9 million, under $3 million
Q3) The purchasing of raw material sources or distribution facilities is known as
A) horizontal integration.
B) diversification.
C) economies of scale.
D) diseconomies of scale.
E) vertical integration.
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Page 7
Chapter 6: Agriculture
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130 Verified Questions
130 Flashcards
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Sample Questions
Q1) Which of the following statements about shifting cultivation is most accurate?
A) Shifting cultivation is not sustainable.
B) Shifting cultivation is sustainable.
C) Shifting cultivation can be sustainable if the population is small enough for the land area available for this agricultural system.
D) Shifting cultivation is no longer practiced.
E) Shifting cultivation is usually practiced in the middle latitudes.
Q2) All of the following U.S.cities grew up in part because of the services provided by their slaughterhouses and stockyards,EXCEPT
A) Chicago.
B) Pittsburgh.
C) Denver.
D) Dallas.
E) Kansas City.
Q3) A handful of large ________ firms controls the whole food chain in the U.S.from "seedling to supermarket."
Q4) The top farm product produced in the U.S.in terms of its value is ________.
Q5) The second most important crop in mixed crop and livestock farming is ________.
Q6) A reduction of land capability is known as ________ ________.
Page 8
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Chapter 7: Manufacturing
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Sample Questions
Q1) Which country has experienced persistent industrial decline?
A) Germany
B) Japan
C) Great Britain
D) Belgium
E) Netherlands
Q2) The hearth area of the Industrial Revolution was northern England.
A)True
B)False
Q3) Subcontracting and the shifting of work to other locations and firms outside the principal corporation is known as outsourcing.
A)True
B)False
Q4) What manufacturing region of North America is known for producing textiles?
A) Gulf Coast, from southeastern Texas to Alabama
B) Los Angeles and San Diego
C) San Francisco Bay
D) Southeastern, from Virginia through Alabama
E) Pacific Northwest
Q5) The country of ________ is now the largest producer of greenhouse gases.
Page 9
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Chapter 8: Services
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Sample Questions
Q1) The ________ sector is centered on the commodification of risk.
Q2) Services is also known as the ________ sector of the economy.
Q3) Services sold to and consumed by corporations rather than households are referred to as consumer services.
A)True
B)False
Q4) The purchase of a service by a firm rather than producing it in-house is called
Q5) The main reason for the rise of financial auditing was to provide detailed financial statements to owners of firms.
A)True
B)False
Q6) Which of the following services has a particularly low income elasticity?
A) health care
B) travel
C) entertainment
D) transportation
E) a day at the spa
Q7) Measurement of international services transactions is complicated by the ________.
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Chapter 9: Transportation and Communications
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Sample Questions
Q1) Railroads and highways that penetrate the interior from ports along the ocean are called tap routes.
A)True
B)False
Q2) What are the effects of improvements in transportation?
A) promote spatial interaction
B) stimulates specialization
C) increases land and labor productivity
D) promotes more efficient use of capital
E) all of the above
Q3) During what period were efforts to improve transportation concentrated on expanding the known seas and improving ships?
A) during the Civil War era
B) just before World War I
C) before the Industrial Revolution
D) the middle of the Renaissance
E) just after the Reformation
Q4) The principle of underlying distance decay is friction of distance.
A)True
B)False
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Chapter 10: Cities and Urban Economies
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104 Verified Questions
104 Flashcards
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Sample Questions
Q1) The cities of Calcutta,Hong Kong,and Singapore all originated as colonial or trading cities.
A)True
B)False
Q2) The basic sector in cities is ________ -oriented.
A) resource
B) government
C) locally
D) import
E) export
Q3) What is the primary function of global cities?
A) national capitals
B) command and control centers
C) state or provincial capitals
D) port cities
E) major education centers
Q4) The main reason for higher black unemployment is longer commuting times for blacks.
A)True
B)False
Page 12
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Chapter 11: Consumption
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Sample Questions
Q1) In premodern societies,which group of people accounted for the bulk of consumption?
A) the large number of peasants
B) the military
C) the relatively few elites
D) religious entities
E) There was no consumption as we know it in the economic sense in premodern societies.
Q2) The model of human behavior widely used in neoclassical economics,that is,an all-knowing,self-interested individual who behaves rationally is called ________
Q3) After World War II,the expansion of consumerism was closely linked to the growth of
A) state sales tax in the U.S.
B) value added tax in Europe.
C) credit.
D) television.
E) all of the above
Q4) ________ is the term referring to the psychology of consumerism in which more is never enough.
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Chapter 12: International Trade and Investment
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145 Verified Questions
145 Flashcards
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Sample Questions
Q1) The argument that an artificial division of labor has made earning a good income from free trade difficult for most less developed countries is called ________
Q2) Inadequacies of trade theories include all of the following EXCEPT
A) they often assume perfect knowledge of international trading opportunities.
B) they often include the assumption of homogeneous products.
C) they fail to adequately account for the role of multinational corporations.
D) All of the above are inadequacies.
E) A and B only are inadequacies.
Q3) When international trade occurs between different affiliates of the same company,it is called
A) multinational trade.
B) intracorporate trade.
C) intermultinational trade.
D) international trade.
E) intranational trade.
Q4) Ricardo believed that competitive advantage remained static over time.
A)True
B)False
Q5) ________ is the lead FDI investor in the U.S.
Page 14
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Chapter 13: International Trade Patterns
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120 Flashcards
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Sample Questions
Q1) Under Spanish colonialism,Latin America's role was to provide secondary products.
A)True
B)False
Q2) What countries are trading partners through NAFTA (North American Free Trade Agreement)?
A) Canada, U.S.
B) Canada, U.S., Mexico, Greenland
C) U.S., Mexico
D) Canada, Mexico, U.S.
E) Canada, U.S., Mexico, and all the countries in the Caribbean
Q3) ________ ________ is the world leader in grain and feed production.
Q4) More than 70% of U.S.exports are agricultural products.
A)True
B)False
Q5) Advanced industrial countries primarily trade with newly industrializing countries.
A)True
B)False
Q6) ________ is India's Silicon Valley.
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Chapter 14: Development and Underdevelopment in the Developing World
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123 Verified Questions
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Sample Questions
Q1) What region has the highest percentage of the labor force in agriculture?
A) Asia (China, India)
B) Europe (France, Germany)
C) former Soviet Union (Russia and its Near Abroad)
D) North America (Canada, United States)
E) South America (Argentine, Brazil, Chile)
Q2) Worldwide,today there are more obese people than malnourished ones.
A)True
B)False
Q3) ________ is the state of being economically independent on paper but not in practice; the domination of a country's economy by foreign corporations.
Q4) Which of the following is TRUE?
A) GDP is the best measure of income distribution in a given country.
B) Per capita purchasing power is a more meaningful measure of income than GDP.
C) Latin America is one of the world's wealthiest regions.
D) In the last 20 years, poverty has been eliminated from the world.
E) Australia ranks among the world's poorest countries.
Q5) The world's largest urban area,with approximately 36 million people is ________.
Q6) ________ ________ ________ is a more meaningful measure of income than GDP. Page 16
Q7) When people work much less than 8 hours per day,this is called ________.
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Page 17