What is the main purpose of a NGO?

to respond to people's needs in time of crisis

What is the main objective of the World Trade Organization?

settle economic disputes among members

What is the purpose of UNICEF?

improve the lives of children around the world

What is an exchange rate?

the amount of one currency compared to another

A country with a trade deficit has

a higher value of imports than exports

What causes the large gap between developed and developing nations?

unequal levels of economic growth

studbud

Global Economy Test Review

19 termsStudBud Administration956 plays

Global economy test review

Flashcards19 cardsFPractice quizPHost liveL

Questions 19

Answers

1
What is the main purpose of a NGO?
to respond to people's needs in time of crisis
to stop civil wars
to share the gospel
to allow American to travel abroad
2
Countries with high rates of population growth tend to have
high rates of employment
efficient industries
low GDP per capita
high GDP per capita
3
What is a result of a trade war?
higher prices for consumers
lower prices for consumers
business closing
workers getting laid off
4
Which free trade agreement is between US, Canada and Mexico?
WHO
NAFTA
IMF
EU
5
Developed countries tend to have
a poor standard of living
shortages of good
good health care
low per capita GDP
6
The USA generally imports goods that
it does not produce
are difficult to make
that require quotas
it also exports
7
One of the disadvantages of global trade is
increase profits for businesses
lowers prices for consumers
offers more products to consumers
forces companies to close
8
The purpose of trade agreements between nations is to
limit global interdependence
end trade barriers
reduce competition among developing nations
promote democracy
9
Which country is moving from a command to a market economy?
United Kingdom
North Korea
China
France
10
What is the main objective of the World Trade Organization?
place tariffs on goods traded
settle economic disputes among members
arrest corrupt government leaders
set international quotas
11
Why is the United States active in conflicts around the world?
exercise its military strength
strengthen the United Nations
end the Cold War
to create peace and democracy
12
European organization that has no trade barriers
NAFTA
EU
WTO
UN
13
Why is China able to sell many low cost goods around the world?
Chinese natural resources are abundant
China guarantees its goods
China makes high quality goods
China has lower labor costs
14
What is the purpose of UNICEF?
promote world peace
address international trade
improve the lives of children around the world
defend its member nations
15
What is an exchange rate?
the amount of trade deficits
the rate in which we exchange goods and services
the amount of one currency compared to another
the amount of currency in circulation
16
One of the main purposes of the UN is
maintain international peace
to discourage competition
govern developing nations
encourage protectionism
17
Protectionism is the use of tactics that make imported goods___ than domestic goods.
more expensive
higher quality
less expensive
widely available
18
A country with a trade deficit has
a command economy
no tarriffs
a higher value of imports than exports
a higher value of exports than imports
19
What causes the large gap between developed and developing nations?
lack of water
lack of democratic institutions
religious differences
unequal levels of economic growth

Global Economy Test Review Flashcards | StudBud