Social 10 Unit 3 Culminating Review

Which of the following economic terms is related to the idea of protectionism or economic nationalism?

Economic Uncertainty, War, Investors Confidence, Famine. All are examples of what?

mercantilism was designed to make who rich?

reducing costs by using suppliers of products, parts and services in less developed countries

this includes material and nonmaterial things

raising tariffs in order to protect Canadian jobs is in opposition to

If you pollute, cut down trees carelessly, and don't care about your workers to make money

The free trade agreement between Canada, United States, and Mexico is

result of free trade, where countries compete for industry by supplying lowest standards

What are labour standards?

Fair price, Direct Trade, and Fair Working Conditions, . These are examples of...

CUSMA is an example of

What concept is this cartoon criticizing?

2 or more countries reducing trade barriers such as tariffs and subsidies

Ideology whose purpose is to eliminate class distinctions. People work for the benefit of all.

How do we know Canada is a developed country

Who is a crown corporation controlled by....?

savings that are achieved by producing, using, and buying in large quantities

which of the following is not an environmental concern

The term urban means

raising tariffs in order to protect Canadian jobs is an example of

Trade which emphasizes worker-owned small businesses, fair wages, unions, safety standards, etc

Which of the following is not a circle in balancing prosperity?

The following are all examples of fundamental human rights, except for:

Business & Individuals who use research, education, new ideas, & tech. for practical purposes

The cartoon is making a statement about

Reduces political and regional barriers to improve trade.

Selling a public/gov't owned service

A meeting at the end of WWII that discussed the best economic solutions to avoiding war.

This international organization was formed to try and prevent epidemics from spreading

If Milton Friedman agreed more with Hayek, that means:

Countries where there is little poverty and most people have jobs are considered

Friedrich Hayek believes that governments should:

The following characteristics are included in Labour Standards except for:

After WWI, countries were in economic ruin. To rebuild, many stopped international trading.

a special tax added to imported goods to raise the price; done to protect local factories/jobs

Why was not a reason the European Union originally created?

Reparations & the Great Depression led to economic turmoil in Germany and the start of WWII

This document was signed after WWI, and forced Germany to pay war reparations.

John Maynard Keynes thought:

being able to meet needs of the present without compromising ability of future to meet needs

purchase of buildings, equipment, resources, etc in one country by those in another country

created after WW2 to maintain both international peace/security and increase social/economic cooperation between nations

A synonym for ecological is

an economic system in favour of free trade, competition and choice as means to prosperity

With Globalization, we have seen a shift from "traditional communities" to "virtual communities

What is Trade Liberalization?

If Milton Friedman believed in less gov't intervention, then he would favour:

business/individuals who use research, education, info technologies; well educated, high paid

Following their Revolution, Russia now became:

What happens if you focus too heavily on environmental concerns and lose balance

Which is not an advantage of deregulation?

most developed countries are in the____________

To improve education, incomes & life expectancy which would provide the strongest data?

an informal limit to how high a position women and minorities can earn in a company

area of the earth's surface needed to sustain the level of resources used & waste created

The social, economic, and political differences in opportunity or outcome that separate men and women.

an economic and political system with goal of eliminating class differences and inequalities

This man believed that everyone would experience greater prosperity with less gov't control.

The World Bank and IMF are both strongly influenced by

True or False: Tariffs help create strong social relationships between countries.

To try prevent a recurrence of the horrors of things such as the Holocaust, the United Nations adopted what?

If a country adopts a protectionist policy in regards to trade, what does this mean?

Both the World Bank and International Monetary Fund:

Who wanted more government involvement within the economy?

Having the things in life that make you feel like your life is good or successful

What does the World Trade Organization do for our world?

Making something last for a long time

On Tuesday, Oct 29th 1929, Princes on the New York Stock Exchange plummeted. This sparked the:

International Monetary Fund....?