10-1 Unit 3 Review

Earth's ability to provide the resources necessary to meet peoples needs

Developing countries often have larger ecological footprints then developed countries

Which global event led to the Great Depression

The General Agreement on Tariffs and Trade (GATT) led to the creation of the...

Businesses and individuals involved in research, education, technology developments for practical purposes

Communism was an economic policy used frequently before the Russian Revolution

Fredrich Hayek believed that the government should stay out of the economy

Economic actions taken to pressure a government to act a certain way or follow certain rules

Keynes believed we should allow a boom bust cycle to naturally occur

The Millennium Development Goals created by the UN...

This man promoted free markets

Reducing costs by using suppliers of products and services in less developed parts of the world

Practicing stewardship of the environment and resources so future generations can meet their needs

A trade agreement between the USA, Canada, and Mexico

This global event led to the formation of multiple economic institutions we still use today including the WB and IMF

This global event led to the promotion of a communist economic system

Individuals are able to freely make economic decisions without government intervention

The load that humans impose on nature

The spread of trade, transportation, and communications across the world to promote commerce

This company is an example of a transnational influencing economic globalization in a negative way

The selling of public services to a company so they are no longer owned by the government

Trade that occurs when 2 or more countries eliminate tariffs and taxes on goods they trade with each other

John Maynard Keynes believed in government involvement in the economy

A trade agreement between multiple European countries

Which of the following is NOT used to measure prosperity

Which of the following has been unsuccessful at promoting sustainability

A process that involves countries reducing or removing trade barriers so goods can move more freely

Accepting responsibility to ensure the earth's resources remain sustainable

A period of low economic activity accompanied by high unemployment

Which of the following has NOT contributed to expanding globalization

These payments had a negative effect on economies across the globe after WW1

The World Bank and IMF were created after WW2 to prevent another depression and promote trade