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Economic Globalization Review Grade 10 Flashcards | StudBud
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Economic Globalization Review Grade 10
Economic Globalization Review Grade 10
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A review of what we have learned this week! #NAFTA #WTO #technology #economic #globalization
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1
Economic Globalization is the process of economies throughout the world becoming more.......?
connected
advanced
globalized
rich
2
The three countries involved with NAFTA?
Canada, Mexico, USA
Canada, Mexico, Cuba
Canada, USA, Russia
Canada, Greenland, USA
3
NAFTA stands for what?
North American Free Tax Agreement
North American Free Trade Agreement
North America Free Terms Agreement
Northern Atmosphere Free Trading Agreement
4
The Bretton Woods Agreement founded 3 things:
IMF, Globalization, GATT (WTO)
None of these
World Bank, Trade, GATT (WTO)
IMF, World Bank, GATT (WTO)
5
What does the World Bank provide?
provides member countries with workers to help them
provides loans to member countries in financial difficulty
provides member countries with food
provides member countries a free market
6
What is a FTA?
Free trade agreement
Free tax agreement
Freedom of Transportation Agreement
Freedom of taxable trade agreement
7
True or False: Anti- globalization people believe that economic globalization threatens them
True
False
8
What does IMF stand for?
International monetary finances
International monetary fund
International money foundation
International monetary forum
9
WTO believes in doing what?
adding tariffs to trade
reducing barriers to trade
only allowing certain countries to trade
any kind of trade
10
A tariff is a tax on _____ goods
exported good
imported goods
11
True or False: the G8 have nearly 50% of the vote in the World Bank and IMF?
False
True
12
The G8 are a group of the most ______ countries and strongest economies
rich
poor
developed
underdeveloped
13
IMF is in charge of monitoring ______ and providing financial assistance
technology
debts that countries have
other nations
exchange rates
14
Trading bloc is a group of ________ working together to have better trading terms
presidents
countries
officials
people
15
The World Bank and IMF are controlled by primary by what country?
USA
Canada
United Kingdom
Russia
16
When was NAFTA established?
2004
1994
2014
1984
17
World Trade Organization is formally known as what?
NAFTA
G8
GATT
IMF
18
The Bretton Woods Agreement, the Cold War, and _____ pushed forward economic globalization
capitalism
exchange rates
technology
Canada
19
The council of ______ established in 1985 is an anti- globalization group
Americans
Mexicans
Canadians
Europeans
20
What does 1 + 1 =
4
3
2
1
21
What is free trade?
trade between countries with few restrictions
trade between Canada and USA
trade between 3 or more countries
trade within your own country
