Econ Chapter 18

Question 1

the concern the international community has about developing countries is based on...

Accepted Answer

both humanitarian and self-interest reasons

Question 2

Hiring outside firms to perform non-core operations to lower operating costs

Accepted Answer

outsourcing

Question 3

Which countries are not making progress in using nonrenewable and reducing pollution?

Accepted Answer

countries in early stages of industrilization

Question 4

to control pollution, the US Congress has established that all cars sold in the US cannot...

Accepted Answer

exceed certain maximum emission standards

Question 5

act of not repaying borrowed money

Accepted Answer

default

Question 6

the number of live births per 1,000 people in a country is called...

Accepted Answer

crude birthrate

Question 7

two very effective ways to control pollution are to pass laws that...

Accepted Answer

establish pollution standards and create economic incentives

Question 8

Which of the following factors can slow or halt the process of globalization in the world?

Accepted Answer

perceived threat to a nation&#x27;s culture, politics, or religion

Question 9

globalization means having...

Accepted Answer

standardized production of products that are sold throughout the world

Question 10

a growing trend of globalization is...

Accepted Answer

specialization and division of labor in production

Question 11

condition in which the average number of births and deaths balance so that population size is unchanged

Accepted Answer

zero population growth

Question 12

government confiscation of private- or foreign- owned goods without compensation

Accepted Answer

expropriation

Question 13

pollution in the form of rainwater mixed with sulfur dioxide to form a mild form of sulfuring acid

Accepted Answer

acid rain

Question 14

the last stage of economic growth is...

Accepted Answer

the high development stage

Question 15

a major step for the European Union was the introduction of...

Accepted Answer

the euro

Question 16

mixture of 90% unleaded gasoline and 10% grain alcohol

Accepted Answer

gasohol

Question 17

two reasonable ways in which countries can fund economic development are...

Accepted Answer

microfinance and IMF financial aid

Question 18

two obstacles to a nation&#x27;s economic development are...

Accepted Answer

population growth and disease

Question 19

High oil prices in the US resulted in which of the following consequences?

Accepted Answer

the search for alternative energy sources intensified

Question 20

what two forms of help do both the IMF and the World Band offer developing nations?

Accepted Answer

loans and financial assistance

Question 21

which of the following are international organizations that were organized to promote trade between the nations?

Accepted Answer

GATT and WTO

Question 22

two important types of renewable resources that help economic growth are

Accepted Answer

biomass and hydropower

Question 23

economic development is important in countries because it...

Accepted Answer

reduces poverty and increases social and political stability

Question 24

How does population growth affect a country&#x27;s natural resources?

Accepted Answer

pop growth adds to depletion of many natural resources in a country

Question 25

a group of sellers or producers acting together to raise prices by restricting availability of a product

Accepted Answer

cartel

Question 26

substantial oversupply of a product

Accepted Answer

glut

Question 27

loans that may never be payed back; usually involves loans to developing countries

Accepted Answer

soft loans

Question 28

the stages of economic development that involves questioning traditions and facing new patterns of living is...

Accepted Answer

transition

Question 29

splitting work into a number of separate tasks to be performed by different workers

Accepted Answer

division of labor

Econ Chapter 18

Questions 29

Econ Chapter 18

Questions 29