Applied Economic Geography for Business

Froggy Jumps

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Socio Cultural Contexts

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Karla Hernandez

Mexico

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Applied Economic Geography for Business


Froggy Jumps Applied Economic Geography for BusinessOnline version Socio Cultural Contexts by Karla Hernandez 1 What are the four main socio-cultural factors? a Education, culture, gender and age. b Economy, politics, technology and geography. c Religion, language, climate and transportation. 2 Why are education and culture important in economic geography? a Because they determine the physical location of countries. b Because they only influence people's personal lives. c Because they shape productivity, consumption patterns, innovation and investment. 3 According to Schultz and Becker, why is education considered an investment? a Because education increases productivity and can improve people's income. b Because education eliminates all economic inequalities. c Because education reduces the need for workers. 4 How can cultural differences influence international companies? a They prevent companies from operating internationally. b They can influence consumption patterns and require companies to adapt their products and strategies. c They make all consumers around the world behave in the same way. 5 What happened to Walmart in Germany? a Walmart became the most successful supermarket in Germany. b Walmart adapted perfectly to German culture and expanded rapidly. c Walmart faced cultural rejection and exited the German market in 2006. 6 Why is gender considered an economic category? a Because gender determines a person's level of education automatically. b Because gender can influence roles, opportunities and participation in the economy c Because gender only affects political participation. 7 What happened to female labor participation in Mexico between 1970 and 2025? a It decreased from 45.7% to 17.6%. b It remained exactly the same. c It increased from 17.6% to 45.7%. 8 What is a demographic dividend? a A period when the working-age population grows faster than dependents, creating an opportunity for economic growth. b A period when the elderly population becomes larger than the working-age population. c A government payment given to young people. 9 Why can Mexico's young workforce be an advantage for nearshoring? a Because Mexico has no older workers. b Because a young workforce can help attract manufacturing investment and provide available labor. c Because nearshoring only depends on the country's population size. 10 How are education, culture, gender and age connected to economic development? a They influence what a place can produce, who participates in the economy and how much workforce is available. b They only affect people's personal decisions and have no economic impact. c They determine the physical geography of a territory.

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Applied Economic Geography for Business

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Applied Economic Geography for BusinessOnline version

by Karla Hernandez

What are the four main socio-cultural factors?

Why are education and culture important in economic geography?

According to Schultz and Becker, why is education considered an investment?

How can cultural differences influence international companies?

What happened to Walmart in Germany?

Why is gender considered an economic category?

What happened to female labor participation in Mexico between 1970 and 2025?

What is a demographic dividend?

Why can Mexico's young workforce be an advantage for nearshoring?

How are education, culture, gender and age connected to economic development?