A Formal Region Defines an Area

question 48

Multiple Choice

A formal region defines an area

• A) which has a centralized government.
• B) which has variation in human or physical geographic characteristics.
• C) in which everyone shares in common one or more distinctive characteristics.
• D) which is connected by established transportation routes.
• E) which is organized around a node.

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Definitions:

Dual Labor Market Theory

An economic theory that suggests the labor market is divided into two segments: the primary market, with secure, well-paid jobs, and the secondary market, characterized by low pay, job insecurity, and little room for advancement.

Backward-Bending

Refers to the backward-bending supply curve of labor, indicating that at some point, higher wages lead to a decrease in the labor supply.

Labor Supply Curve

A graphical representation showing the relationship between the wages offered and the quantity of labor that workers are willing to supply.

Minimum Wage

The lowest legal wage that employers can pay their employees, established by government law.