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45 Cards in this Set
- Front
- Back
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The supply curve indicates what, as the price of a good increases?
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That more of the good will be offered for sale.
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At what price is market equilibrium achieved?
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A price that produces a supply of a good sufficient to meet demand for it.
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The locational decisions facing manufacturers are substansially different from what?
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From those addressed by primary producers.
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What is the major locational factor governing the location of aluminum industry?
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Cheap power.
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What are raw material orientated industries engaged in?
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Weight reduction.
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What is an ubiquitous industry?
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An industry that the market and production location are the same place.
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In some areas of the world, how is skilled labor distributed?
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Unevenly
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When does market orientation of industry occur?
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When transportation charges for finished products are high.
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In the former Soviet Union, why was long standing economic plans called for fuller exploitation of vast resources of sparsely populated Siberia uneffective?
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Because labor was effectively unavailable.
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What is a central concern in the location of many industrial activities?
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Transportation costs.
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What is the cheapest means of long distance freight movement?
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Water transportation.
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In least-cost industrial site location decisions, the best location cannot be determined solely on transportation costs if what?
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If variations in labor costs are too great.
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The concept of comparative advanatage provides an explanation for what?
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Regional speciallization.
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What has been to the importance of manufacturing in the Anglo- American economy in terms of both employment and wealth generation? Why?
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It has been steadily declining because Americans don't want those jobs anymore.
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Where are high-tech industrial capabilities transferred from through techonology transfer and outsourcing?
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From devloped to developing economies.
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Transnational Coroporations accounted for how much of sales in the early 21st century?
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$19 Trillion or 1/3 of world exports
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Footloose industries are not much affected by what?
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Transportation costs.
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Weber's analysis of locational decisions seeks a least-cost balance between what?
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Multiple inputs of production.
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In Weberian analysis, least-transport-cost location may be determined by means of what?
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The locational triangle.
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The spatial margin of profitabilty encloses what?
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The area where total revenues exceed total costs.
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In planned economies (socialist), the location of manufacturing may be determined by what?
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By other than competitive market sources.
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What is an example of the rationalization of industry?
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The Soviet Union
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What are located in response to the distribution of demand and purchasing power?
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Tertiary activities.
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What are spatially defined by the distribution of population and purchsing power?
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Marketing opportunties.
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Industries engaged in weight reduction activities are what?
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Raw material oriented.
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The tendency of freight carrier cost to increase at a decreasing rate as the length of the haul increases is an expression of what?
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The tapering principle.
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The special rate that in-transit priviledge provides allows hauls to be what?
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Interrupted for processing or manufacting enroute, but not on board the train or boat.
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What exists when the locational decision of one firm is influened by plan locations chosen by its competitors?
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A condition of locational interdependence.
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Where is attention directed in locational interdependence theory?
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To variable revenue and not variable cost.
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What is the totality of physical facilities and public services existing at a place known as?
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As that locale's infrastructure.
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What are acceptable but less than optimal plant locations termed as?
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Satisficing locations.
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How does secondary industry differ from tertiary activity?
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In that secondary industry gives form utility and tertiary provides place utility.
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In general, the more economically advanced a society is, the more important what is?
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Tertiary activities.
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When a manufacturer is allowed a long haul rate for freight movement that's interrupted for processing of manufacturing at an intermidate point, what has the transportation agency granted?
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An in-transit privilege.
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What is another term for variable costs of transportation?
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Line-haul costs.
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What cost savings do agglomeration economies reflect?
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Cost savings that result from the clustering of economic activities.
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Through the multiplier effect, each new firm added to the agglomeration will lead to what?
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The further development of infrastructure and linkages.
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Economies of association of agglomeration tend to increased through what?
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The multiplier effect.
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When does industrial deglomeration occur?
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When the costs of aggregation exceed the benefits.
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High tech industries have tended to become regionally concentrated where?
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In their countries of development.
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Where is half of Canada's manufacturing labor force localized?
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In southern Ontario.
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Industrialized regions of Japan are primarily what and dependent on what?
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Primarily coastal and dependent on imported raw materials.
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In some world areas, why may some locations be unable to sastisfy the devleopmental objectives of goverment planners or private entrepreneurs?
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Because labor of any skill level may be poorly distributed.
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Quartenary sector employment can be spatially divorced from what?
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Clients or customers.
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Quinary activities are really a specialized subset of what?
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The tertiary sector.
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