What is economic development?

Promoting growth of the economy

What is foreign investment?

The investment in a foreign country's resources

Outsourcing is when corporations...

Move some business operations to a foreign country because it is cheaper

During the past 50 years, economic globalization has resulted in...

Increased economic competition among nations

The IMF and World bank are sometimes criticized for...

Favouring developed nations over less developed nations

Standard of Living is the...

The level of social development in a country; measures material comfort

Constantly needing to have new things

Quality of Life is based on...

Education & healthcare, Natural resources & safety, Economic strength

Economists Friedman and Hayek support which ideas?

Promoting free market principles, Encouragement of risky industries

What is one negative thing about GMOs?

May alter the genetic makeup of individuals

Which qualities are important in a capitalist economy?

Private property and low government regulation

Which of the following statements is a positive perspective about globalization?

International organizations of peace and security have developed

A meeting of countries to help address global warming/climate change.

Paris Agreement, Kyoto Protocol

What does "sustainable" mean?

Actions today that don't harm the needs of the future

What is a knowledge economy?

The use of expertises or knowledge to develop an economy

Which of these conditions is most likely required to receieve a loan from the World Bank?

Country must reduce its spending on healthcare and education

I feel ______ for this test

Ready, Unprepared, Nervous, Prepared

Responsible management of land for future use

studbud

SS10-2 Unit 3 Review

30 termsStudBud Administration36 plays

Imported from external platform

Flashcards30 cardsFPractice quizPHost liveL

Questions 30

Answers

1
A corporation that operates in two or more countries.
Transcoastal
Transnational
Hybrid
Outsourcing
2
The agreement after WWII that led to the creation of the IMF and the World Bank.
The Bretton Woods Conference
World Trade Organizations
Free Trade Agreement
General Agreement on Tax and Tariffs
3
What is economic development?
None of the above
Promoting growth of trading networks
Promoting growth of the economy
Promoting the growth of free trade
4
What does WTO stand for?
World Trade Opposition
World Trade Organization
World Tariffs Organization
World Treaty Organization
5
What is foreign investment?
The selling of public domains to the private sector
The investment in a foreign country's resources
The use of expertises or knowledge to develop an economy
The hiring of an outside company to complete a task
6
What would be an example of a universal currency?
Pound
Dollar
Euro
Peso
7
Outsourcing is when corporations...
Sell products through telemarketing
Limit business operations to their country of origin
Move headquarters to locations with more favorable tax rates
Move some business operations to a foreign country because it is cheaper
8
The EU, NAFTA, WTO, and World Bank all seek to
Establish spheres of influence
Employ trade barriers and tariffs
Promote globalization
Protect domestic trade
9
The process of reducing barriers to trade
Economic nationalism
Deregulation
Privatization
Trade liberalization
10
During the past 50 years, economic globalization has resulted in...
Increased economic competition among nations
Reduced emissions of greenhouse gases
Decreased economic competition among corporations
Stricter regulation of international trade
11
The IMF and World bank are sometimes criticized for...
Helping poor nations build new social programs
Controling all international trade
Favouring developed nations over less developed nations
Lending money to nations in need
12
Standard of Living is the...
Number of CEOs in a country
The political stability of a country
The level of social development in a country; measures material comfort
Level of economic prosperity in a country
13
What is consumerism?
Constantly needing to have new things
Buying stuff only when you need it
Selling stuff you are done using
Using a product until it no longer works
14
Quality of Life is based on...
Education & healthcare
Natural resources & safety
Material comforts (money)
Economic strength
15
A tax on imported goods and services to reduce competition with domestic goods.
Crown corporation
Tariff
Quota
Free trade
16
Economists Friedman and Hayek support which ideas?
Promoting free market principles
Encouragement of risky industries
All of the above
Maximize costs associated with social programs
17
What is one negative thing about GMOs?
Provide higher concentrations of vitamins and minerals
Take less time to mature
Increase the world's food supply
May alter the genetic makeup of individuals
18
An organization that could be of assistance to developing countries that are in debt.
Green Peace
NAFTA
Group of 7
World Bank
19
"Standard of health, comfort, and happiness experienced by a group or individual"
Quality of Life
Standard of Living
Human Development Index
Sustainability
20
Which qualities are important in a capitalist economy?
Public property and high government regulation
Public property and low government regulation
Private property and low government regulation
Private property and high government regulation
21
Which of the following statements is a positive perspective about globalization?
International economic promotes American interests
International organizations of peace and security have developed
Globalization is aimed at controlling developing countries
Globalization threatens economic, cultural, and social diversity
22
A meeting of countries to help address global warming/climate change.
Bretton Woods Conference
Berlin Treaty
Paris Agreement
Kyoto Protocol
23
What does "sustainable" mean?
Something done over time
Actions today that don't harm the needs of the future
Being more environmentally friendly
Something done regularly
24
What is a knowledge economy?
The selling of public domains to the private sector
The use of expertises or knowledge to develop an economy
The investment in a foreign country's resources
The hiring of an outside company to complete a task
25
Which of these conditions is most likely required to receieve a loan from the World Bank?
Country must reduce its spending on healthcare and education
Country must raise its labour standards
Country must spend more on protecting the environment
Country must prevent citizens from investing in foreign economies
26
I feel ______ for this test
Ready
Unprepared
Nervous
Prepared
27
A transportation system that uses a standard size to fit ships, trains, and trucks
Free trade
Outsourcing
Fed-Ex
Containerization
28
What kind of economy does Canada have?
Capitalist
Communist
Socialist
Mixed
29
Canada, United States, and Mexio have a Free Trade Agreement. This places the three countries in a:
Financial grouping
Capitalist enterprise
Military alliance
Trading bloc
30
What is stewardship?
Direct financial help from the government
When an area is ruled by itself but guided by another
Responsible management of land for future use
People who inspire us to act in an exemplary way

SS10-2 Unit 3 Review Flashcards | StudBud