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Sustainable Prosperity
Sustainable Prosperity
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Unit 3 10-2 review
Flashcards
76 cards
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Practice quiz
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Questions
76
Answers
1
What is a key aspect of sustainable prosperity?
Social inequality
Economic growth
Short-term profits
Environmental protection
2
Fast Fashion is...
A cycle of cheap, quick and easily accessible clothing.
A cycle of expensive but quick clothing.
A cycle of cheap, slow and easily accessible clothing.
A cycle of expensive and slow clothing.
3
Sustainable energy is always expensive.
True
False
4
sustainable prosperity
it can be maintained into the future.
a future life
living a sustainable life that can be maintained.
having free access to nature
5
Which is a goal of the World Bank?
Help poor and middle income nations establish businesses
Monitor wealth distribution
Monitor health
Loan America money
6
What are the two major tools of the World Bank?
Providing weapons and training
Loans and policy advice
Building infrastructure
Debt reduction
7
Boycotting and buycotting are both forms of 'Speaking Up'.
False
True
8
What is a key principle of sustainable development?
Resource depletion
Profit over people
Equity and justice
Short-term gains
9
Sustainable prosperity is?
Providing for all our present wants
Sustaining prosperitiliy
meeting the needs of the present and future
meeting the needs of the present by compromising the future
10
What does GDP stand for?
Gross Domestic Product
Gross Domestic Principal
Gross National Product
Grand Dog and Pony
11
Crown Corporations are...
Privatized Workforce
Government Owned Companies
The wealthiest TNCs
Deregulated Businesses
12
Bretton Woods created
Red and Blue
International Monetary Fund (IMF)
World Bank
none of the above
13
An Exclusive Economic Zone (EEZ) is best describe as:
Does NOT apply to seas such as the Mediterranian or Caspian Seas
Only applies to states which are landlocked
A 100- mile border along the coast of a state
An area of the sea in which a sovereign state has special rights
14
In which of the following pairs are BOTH countries part of the G7 (Group of Seven)?
Canada and Switzerland
France and Canada
France and Belgium
Switzerland and Senegal
15
The World Trade Organization (WTO) was created by the UN primarily to
Prevent states from developing too rapidly
Create rules for international trade
Support MDC domination of LDCs
Loan money to developing countries
16
What is stewardship?
A Navy Rank
Taking bad care of something you no longer value
Someone who works in food service.
Taking good care of something you value
17
Policy/Agreement allowing tariff-free trade and commerce between Canada, US, and Mexico
World Trade Organization
North American Free Trade Agreement
Bank of the United States
European Union
18
Which is a goal of the World Bank?
Help poor and middle income nations establish businesses
Monitor health
Loan America money
Monitor wealth distribution
19
Economically, The 1944 Bretton Woods Conference was important because
it created the European Union to rebuild Europe after WW2.
it made the UN take over failed economies.
it advocated communist revolutions after WW2.
it created global institutions like the IMF & World Bank.
20
Which of the following is true of NAFTA?
Attempt to buy from S. American to help developing countries
attempted to create tariff-free market in N.America
ended trade war between Japan and the nations of N. America
free trade zone established between N. America & Europe
21
Where are many "sweatshop" T-shirts made today?
Britain
China
Bangladesh
United States
22
Friedrich Hayek supported...
Government involvement in the economy.
A centrally planned economy
A free market economy
Limited citizen involvement in the economy
23
Economists Friedrich Hayek and Milton Freidman supported...
Socialism
More government involvement in the economy
Keynesian Economics
Less government intervention in the economy
24
How many nautical miles does an Exclusive Economic Zone (EEZ) extend?
200
12
150
75
25
A tariff is a -
tax used for social welfare
tax on luxury items
tax collected during war
tax on imported goods
26
Trade Liberalization is...
Increasing programs such as welfare and unemployment
Removing barriers on trade between nations
Removing barriers on trade within a country
Increasing tariffs
27
Reducing trade barriers, privatization of crown corporations
trade liberalization
economic growth
a recession
regulation
28
Buycotting is buying items
produced by companies whose policies you disagree with
from companies whose products you like
from corps who contribute donations 2 pol parties u support
produced by companies whose practices you agree with
29
What do the WTO, UN, & UNICEF have in common?
international cooperation
collective security
defensive alliances
military isolation
30
sustainable prosperity
is completely impossible
is the same as ecological footprint
will allow future generations prosperity
will limit future generations prosperity
31
What is free trade?
Selling public assets and services to private companies.
When goods are free.
When producers are paid a fair price.
The removal of tariffs, quotas and subsidies.
32
Which is a sustainable transportation method?
Using taxis
Driving alone
Carpooling
Flying frequently
33
Many manufacturing jobs have been lost in the US in recent decades due to outsourcing.
False
True
34
What values are important to capitalism
Private property and High government regulation
Private property and low government regulation
Public property and high government regulation
Public property and low government regulation
35
Bretton Woods Conference
allowed the movement of capial, goods and services
laid to foundations for modern international monetary system
eoncouraged competetiveness between countries
made global investing easier
36
What is boycotting?
When young boys learned to make cotten.
To get signatures on a document.
To stop purchasing or supporting something in protest.
37
Which is a benefit of renewable energy?
Fossil fuel dependency
Resource scarcity
Air pollution
Job creation
38
What is Privatization?
Selling private services to the public
Government banning the selling from private companies
Selling public services to a private company
Governments buying private companies
39
Which is a sustainable food choice?
Fast food
Local produce
Imported goods
Processed foods
40
The principal aim of the North American Free Trade Agreement (NAFTA) & the European Union is to
keep communism out of the Western Hemisphere
increase economic cooperation between the member nations
eliminate global terrorism
reduce environmental pollution
41
What is an ecological footprint?
how much energy a person uses in a month of living
the amount of land and water needed to support one person
how many organisms are found in a square hectare of land
how large an ecosystem is and what lives there
42
Free Traders wanted tariffs -
increased
to remain the same
eliminated
decreased
43
What is 'outsourcing'?
Closing a company
Eating sauce outside
Moving a country to another state
Moving a company to another country
44
Last week, the G7 countries met. The G7 is a group of...
The largest countries
Western countries
The most powerful countries
The richest corporations
45
Which is true about the gold standard?
every dollar is backed by silver in the treasury
it was desired by the Populists
it is less valuable than silver
every dollar is backed by gold in the treasury
46
The World Trade Organisation (WTO) aims at:
establishing rules for domestic trade
restricting trade practices
none of these
liberalising international trade
47
All of the following are advantages of outsourcing
except
it provides more flexibility for companies
it can take advantage of low cost overseas labor
simplifies logistics of transportation of parts & products.
it creates competitive market for parts and supplies
48
What does sustainable agriculture promote?
Deforestation
Monoculture
Chemical fertilizers
Biodiversity
49
What does WTO stand for?
World Transportation Organization
World Transit Organization
World Trade Organization
World Triangular Organization
50
What year did NAFTA enter into force?
1994
2002
1990
1998
51
Sustainable prosperity benefits everyone.
False
True
52
What is Capitalism?
A name of a political party
The name of a government
An economic system based on private ownership and businesses
Farms and businesses should be owned by the workers
53
International Monetary Fund
supports development projects for people in other countries
promotes economic stability in developing nations
increases taxes on imports from neighboring countries
collects loan payments from industrialized nations
54
Sustainable fashion is a trend.
False
True
55
Define:
anti-globalization
being against global interaction; supporting more national endeavors
something believed to belong justifiably to every person
organization working to ensure there are labour stanards around the world
made of non-gov't groups i.e. community groups, NGOs, faiths, universities
56
What is the difference between sustainable development and sustainable prosperity?
Some made up thing by the Russians
Develop meets peoples needs while prosp meets the planet's
Spelling
Trump
57
GDP measures:
Consumer spending
Net trade income
A country's income
A country's wealth
58
Which 3 are all G7 countries?
Canada, Australia, Italy
The USA, France, Switzerland
France, Germany, Japan
The UK, South Korea, Canada
59
Which energy source is renewable?
Coal
Nuclear
Wind
Natural gas
60
What was Milton Freidman's main idea?
Invisible Hand
Communist Manifesto
Competitive Capitalism and Monetarism
Das Kapital
61
Sustainable cities are less polluted.
False
True
62
Which is NOT necessarily a characteristic of a sweatshop?
long hours
unhealthy or unsafe conditions
low wages
production of clothes
63
Clear cutting refers to?
cutting mature trees in a forest in small groups
efficiently removing all trees in an area
selecting clusters of trees from the region to cut
surface forest fires
64
International Monetary Fund....?
GMO working to improve world economy.
Tries to bring stability to international monetary affairs.
Distributes wealth to poor individuals.
Works to reduce tariffs in socialist countries.
65
What is a benefit of reducing carbon footprint?
Less biodiversity
Higher costs
Healthier planet
More pollution
66
What is the primary goal of The World Bank
Provides money for developed nations
Takes money from developed countries
Provides money for developing nations
Takes money from developing nations
67
Which value does
capitalism
promote?
Social responsibility
Free market economics
Personal responsibility
Checking punctuation thoroughly
68
A recession is:
people have more $ to spend
none of the above
lots of jobs available
production declines, rising unemployment, less $ to spend
69
Capitalism values:
self-interest, personal wealth and economic equality
privatization, gov't intervention, and self-interest
private property, self-interest, and personal wealth
economic equality, gov't control, and public property
70
Friedrich Hayek
believed...
that totalitarian regimes were doomed to fail
that governments should intervene during recessions
that America was the best example of a free market
that governments should not try to plan their economies
71
Anti- globalization
Those who see Globalization as good
Those who wish to split their country form the world
Groups who protest against Global Trade
Those who want to travel to new lands
72
Capitalism values...
Providing basic needs.
Totalitarianism
Equality
Freedom
73
A Transnational Corporation is:
An international organisation that sets rules for soccer
Company that does business across the world and has no home
An agreement signed in 2005 by 4 countries to promote trade
A company that sells things from around the world
74
An ECONOMIC complaint of the Global South against the Global North's World Bank is
it doesn't help to advance democratic institutions.
it doesn't promote gender equality in development projects.
its aid comes at a high cost and produces high debts.
it ignores human rights ideals of the United Nations.
75
All of the following are tenets of Keynesian Economics EXCEPT
An unregulated capitalist economy will go through cycles
Government should stimulate the economy by spending more
Govt. should reduce spending during times of high inflation
In order to stimulate production, govt. should cut taxes
76
Sustainable practices are costly.
False
True
