Unit 4 Content

An early institution that promoted trade

People are considered to be living in poverty if their income falls below a predetermined

The most successful example of regional cooperation in the world today

A global agency that helps developing countries join global markets as part of their economic development strategy

The most comprehensive measure of national output

A 10-nation group working to promote regional peace and stability in Asia

An organization that offers advice and financial assistance to nations so that their currencies can compete

A 1994 effort to copy the remarkable success of the EU

Among the nine reasons for income inequality, which is the most important?

Signed into law in 1993 and was designed to completely remove tariff barriers and quotas among Canada, U.S. and Mexico

The movement toward a more integrated and interdependent world economy

Globalization is possible due to the _____________ decisions made by consumers

What is the largest concern about our future population?

GDP=C+I+G+ (X-M) is the algebraic equation to calculate

The branch of economics that deals with the economy as a whole

Today more than 150 countries belong to this organization and turn to it whenever international trade disputes arise

What is controversial in terms of globalization?

In terms of poverty, which individuals are most vulnerable?

According to some economists, globalization is natural and therefore?

Food Stamps and Medicaid are general assistance options offered by

An organization that made an attempt to create the equivalent of a monopoly and push up world oil prices

An organization that has a goal of preserving peace through international cooperation and economic development projects

GDP per capita is based on

Globalization causes two trends, regional economic integration and growing...

The type of GDP that is based on a "base year"