Norton, Ninth Edition: Quiz Chapter 03

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Question 1:

The principle of least effort is considered to be a guiding principle in human activities and refers to ________.
a) physical distance
b) minimizing distances and related movements
c) maximizing distance and related movements
d) the capacity to determine locations and distances
e) None of the above

Question 2:

Location decisions are based upon ________.
a) the principle of time-space convergence
b) the principle of cognitive distance
c) capitalism
d) the principle of least effort
e) the principle of social physics

Question 3:

Time–space convergence is primarily facilitated by ________.
a) transportation technology
b) communication technology
c) decreasing economic distance
d) All of the above
e) None of the above

Question 4:

________ are the introduction of new inventions or ideas, especially ones that lead to change in human behaviour or production processes.
a) Inventions
b) Innovations
c) Technology
d) Tariffs
e) None of the above

Question 5:

The single most relevant variable related to trade is ________.
a) the specific resource base of a given area
b) the size and quality of the labour force
c) the amount of capital in a country
d) distance
e) None of the above

Question 6:

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
b) they can relocate production and other facilities with relative ease
c) they are functionally integrated and able to benefit from geographic variations in capital, knowledge, labour, resources, national regulations, and taxes
d) All of the above
e) Both A and B

Question 7:

A tariff is ________.
a) a difference in labour
b) a tax or customs duty on imports from other countries
c) an entrepreneurship
d) a new invention that leads to a change in human behaviour
e) a guiding principle in human activities

Question 8:

Economic integration in regions can occur as ________.
a) the removal of artificial barriers to trade
b) the imposition of a common tariff barrier amongst countries
c) the formation of an economic union
d) the development of a common market
e) All of the above

Question 9:

The impact of canals on trade and transportation is ________.
a) increased trade of goods
b) the shortening of distance for the transport of goods
c) decreased trade of goods
d) increased trade conflicts
e) None of the above

Question 10:

Economic globalization occurs when ________.
a) production and distribution are no longer contained by national boundaries due to the rise of transnational corporations
b) transnational corporations’ revenue exceeds the gross national income (GNI) of many countries
c) countries become more protectionist with respect to trade
d) All of the above
e) None of the above

Higher Education

Norton, Ninth Edition: Chapter 03