Economic Geography
Terms
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- What are the 3 assumptions of neo-classical economics?
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1) Laissez Faire
2) All buyers and sellers have equal access to the market and are fully informed
3) Prices reflect all harmful costs to society and the environment - What are tariffs?
- Taxes on imported goods
- What are agglomeration effects?
- One type of external economy.
- What are backward linkages?
- The process of a new company arriving in a region to supply a growing industry with supplies, components, services, and facilities.
- Who first proposed central place theory?
- W. Christaller, 1930's
- What is central place theory?
- A theory that seeks to explain the tendency for central places to be organized in hierarchical systems, analyzing the relative size and geographic spacing of towns and cities as a function of consumer behavior.
- What is economic development?
- The improvement in living standards by economic growth
- What does GNP represent?
- The market value of all goods and services produced within a country during a given year.
- What are environmental externalities?
- The unwanted byproducts of industrial processes.
- Give one example of a modern frontier.
- Antarctica.
- What is a Federal state?
- A form of government in which significant power is given to smaller units of government within the state.
- What is the estimated annual extinction rate before and after human-environment interaction?
- .0001% and .1-1% per year, respectively.
- What is the greatest threat to wild species?
- Habitat fragmentation
- What chemical is photochemical smog dominated by?
- Ozone
- What is one consequence of ozone depletion?
- An increase in skin cancer and cartaracts.