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Social Studies 10-2
Social Studies 10-2
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Economic Globalization
Flashcards
24 cards
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1
Business or individuals who use research, education, info technologies; well educated, high paid
knowledge economy
outsourcing
trade liberalization
foreign investment
2
Marketing that gets us to throw away products that are still useful but "look outdated"
planned obsolescence
economies of scale
perceived obsolescence
tariffs
3
Purchase of buildings, equipment, resources, etc in one country by those in another country
trade liberalization
privatization
out sourcing
foreign investment
4
Reducing costs by using suppliers of products, parts and services in less developed countries
out sourcing
trade liberalization
privatization
foreign investment
5
European countries joined after WW2 to reduce trade barriers and increase cooperation
ECC
Euro
APEC
EU
6
Selling a public/gov't owned service
planned obsolesence
publication
prosperity
privatization
7
An international organization that provides short-term, emergency loans to countries
World Bank
World Loans Organization
International Monetary Fund
North American Free Trade Agreement
8
An economic and political system with goal of eliminating class differences and inequalities
capitalism
communism/ centrally planned economy
mixed-economy
free-market economy
9
An economic system in favour of free trade, competition and choice as means to prosperity
communism
capitalism
globalization
mixed-economy
10
Which of the following was NOT created after WW2 with the Bretton Woods Agreement?
GATT
World Bank
World Trade Organization
IMF
11
A term meaning 'designed for the dump'; when we throw something away & buy a new one
planned obsolescence
economies of scale
perceived obsolescence
tariffs
12
Examples of products that result from 'manufactured demand'
bottled water
vehicles
shoes
washing machines
13
Trade which emphasizes worker-owned small businesses, fair wages, unions, safety standards, etc
Free Trade
Trade liberalization
Fair Trade
Outsourcing
14
Agreement by victors in WW2 which lay foundation for institutions of modern globalization
World Trade Organization
International Monetary Fund
Bretton Woods Agreement
NAFTA Agreement
15
In 1989, 12 original countries join from Americas, Asia, Pacific to promote free trade
EU
TPP
APEC
NAFTA
16
Result of free trade, where countries compete for industry by supplying lowest standards
race to the bottom
ecological footprint
economic growth
economies of scale
17
Being able to meet needs of the present without compromising ability of future to meet needs
sustainable prosperity
race to the bottom
quality of life
ecological footprint
18
Created after WW2 to maintain international peace and increase economic cooperation
NAFTA
United Nations
Bretton Woods Agreement
World Bank
19
Savings that are achieved by producing, using, and buying in large quantities
economic globalization
trade liberalization
economies of scale
economic growth
20
International organization that provides long-term loans to countries in financial difficulty
North American Free Trade Agreement
International Monetary Fund
World Loans Organization
World Bank
21
A
special tax added to imported goods to raise the price; done to protect local factories/jobs
tariff
manufactured demand
free trade
subsidy
22
6 -Quiz
1993 agreement between Canada, USA, Mexico to reduce subsidies, tariffs, etc
NAFTA
APEC
EU
TPP
23
2 or more countries reducing trade barriers such as tariffs and subsidies
out sourcing
fair trade
foreign investment
trade liberalization
24
Created in 1995 from GATT, with countries agreeing to lower tariffs and subsidies
World Bank
World Trade Organization
United Nations
Convention on the rights of the child
