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Unit 3 Quiz Flashcards | StudBud
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Unit 3 Quiz
Unit 3 Quiz
33 terms
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StudBud Administration
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29 plays
By: Jenna H
Flashcards
33 cards
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Practice quiz
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Questions
33
Answers
1
The process of reducing barriers to trade is the definition of which term?
Trade Totalitarianism
Trade Liberalization
Trade Freedom
Trade Reduction
2
What causes the Russian Revolution?
the abuse and political power by Czar Nicholas
another politician wanted the throne and the people helped him
nothing was growing in the fields
WWII started
3
The Bretton Woods Agreement happened because...
The Allies wanted a plan to rebuild after World War 2.
The Allies wanted a plan to control their empires.
The Allies wanted a plan to help Africa.
The Allies wanted a plan to rebuild after the Cold War.
4
What is stewardship?
Protecting and managing the environment
Taking responsibility for conserving the environment
Small scale, small numbers, low impact tourism
5
Member countries agree to remove duties and trade barriers on products traded among them.
Free-trade zone
Common market
Embargo
Free-trade Agreement
6
Organization of countries formed after World War II to reduce trade barriers and increase cooperation among its members
The International Monetary Fund
The European Union
The World Bank
The World Trade Organization
7
Obtain (goods or a service) from an outside or foreign supplier
Outsourcing
Purchasing
Industrialization
Globalization
8
What is Labor Union?
Individuals who fight only for their own rights
A group of workers that defend their rights
An organization of sweatshop owners creating unfair rules
A union of owners who push child labor
9
Which economic ideal suggests that the government does not need to interfere in the economy?
Capitalism
Communism
Mercantilism
Laissez-faire
10
GDP
Greatest Domestic Produce
Measurement of goods and services produces by a country
Gross Domestic Produce
The wealth distribution of a country
11
Why did the cold war happen
It happened because the nazi's surrendered
It was a really cold winter
The wanted to get rid of the other country
Russia wanted to spread communism and US didn't
12
The spread of trade, transportation, and communication systems around the world
Economic Globalization
Trading
Historical Globalization
Sharing Transport
13
Why did the Great Depression occur?
WWII started
There were high taxes which caused prices of goods to go up
The stock market crashed
People were too lazy to work
14
Why did World War I end?
Germany had no chance of victory.
All Central Powers were defeated by the Allies.
France offered Germany money for its capitulation.
Germany did not have any weapons and soldiers left to use.
15
What did the Treaty of Versailles do ?
Stopped The Invasion of Russia
Ended The Revolution
Ended WW2
Ended WW1
16
Believed that there should be more government involvement in the economy. Used the great depression as proof.
Hayek
Keynes
17
a form of socialism that abolishes private ownership
Capitalism
Socialism
Liberalism
Communism
18
Taxes charged only on imported goods
Income tax
Indirect taxation
Tariffs
Excise duties
19
The UNs Original Mandate
Support people who want to choose their own government
Protect smaller countries against invasion
Help countries cooperate on trade issues
Ensure no single country controlled the world’s oceans.
20
An economic system in which prices are determined by unrestricted competition between privately owned businesses
Commuism
Market Economy
Free market
Command market
21
A period when business activity slows, prices and wages drop, and unemployment rises
Economic Depression
Economic Spin
Economic Boom
Economy
22
This is the only global international organization dealing with the rules of trade between nations.
Trade Nationalism
World Bank
Global economy
World Trade Organization
23
An international bank that offers low-interest loans, advice, and information to developing nations
The World Bank
The European Union
The World Trade Organization
The International Monetary Fund
24
What is a 'cold war'?
War fought in a cold climate
A war involving atomic weapons
One side ignoring the other
Hostilities with no warfare
25
Believed that government should NOT be very involved in the economy & supply and demand would take care of everything.
Keynes
Hayek
26
An ecological footprint is...
the amount of wilderness available on the earth.
the amount of resources needed to support each person.
a measure of a person's part in creating a sustainable envt.
a measure of the earth's biological capacity.
27
payment for war damages
treaty
funding
loans
reparations
28
An economic system based on private ownership of resources.
romanticism
mercantilism
capitalism
entrepreneurship
29
Who said: "Globalization builds fences. These fences can exclude people and entire countries."
William Tabb
Joseph Stiglitz
John Maynard Keynes
Naomi Klein
30
This international organization gives loans to developing countries
The European Union
The International Monetary Fund
The World Bank
The World Trade Organization
31
Measures life expectancy, education levels, and income levels
GNH
GDP
HDI
GPI
32
Subsidy
a part of something
dishonest practices in business or politics
a visual representation of something
a grant or contribution of money
33
Allows open trade with US, Mexico, and Canada.
NAFTA
European Union
US Bank
Federal Reserve
