Practice Flashcards: A-Level Geography: Global Systems and Governance | Zestly

Question 1

Commodity chain

Accepted Answer

The series of links connecting the many places of production, distribution, and consumption. A common mistake is assuming the chain is linear and that all participants benefit equally.

Question 2

Value added

Accepted Answer

The increase in value of a product at each stage of production or processing. The mistake often made is ignoring that most value is captured by firms in the processing and retail stages, not the extraction stage.

Question 3

Export dependence

Accepted Answer

A situation where a country relies heavily on one or a few exports for its national income. The mistake is treating this as a sign of failure rather than a structural vulnerability to price shocks.

Question 4

Transnational corporation (TNC)

Question 5

Profit repatriation

Question 6

Remittance

Question 7

Brain drain

Question 8

Global commons

Question 9

Terms of trade

Question 10

Interdependence

Question 11

Composite indicator

Question 12

Uneven development