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SOC10-1 Unit 3 Review Flashcards | StudBud
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SOC10-1 Unit 3 Review
SOC10-1 Unit 3 Review
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Alberta Social Studies 10-1 Unit 3 Review, Economic Globalization
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
A trade agreement between multiple European countries
EU
NAFTA
WTO
NATO
2
Reparations can be described as:
Financial penalties
Limits placed on the military
National debt
Free trade agreements
3
Reducing costs by using suppliers of products and services in less developed parts of the world
Free trade
Trade liberalization
Outsourcing
4
A process that involves countries reducing or removing trade barriers so goods can move more freely
Free trade
Outsourcing
Trade liberalization
5
These payments had a negative effect on economies across the globe after WW1
Repayments
Reparations
Structural Adjustment Loans
Loans
6
Trade that occurs when 2 or more countries eliminate tariffs and taxes on goods they trade with each other
Free trade
Outsourcing
Trade liberalization
7
Which of the following is NOT used to measure prosperity
GDP
HDI
CDC
GNH
8
Individuals are able to freely make economic decisions without government intervention
Mixed Economy
Market Economy
Laissez-faire Economy
Communist Economy
9
The World Bank and IMF were created after WW2 to prevent another depression and promote trade
True
False
10
Accepting responsibility to ensure the earth's resources remain sustainable
Environmental Impact
Sustainability
Ecological Footprint
Environmental Stewardship
11
Earth's ability to provide the resources necessary to meet peoples needs
Environmental Impact
Sustainability
Ecological Footprint
Environmental Stewardship
12
Taking care of the environment and resources to ensure future generations will success is best described as:
Sustainable growth
Economic dependence
Sustainable prosperity
Sustainable development
13
Fredrich Hayek believed that the government should stay out of the economy
True
False
14
As a result of WWI...
European infrastructure was in good shape
Production of goods increased
Many countries opened their borders to increase trade
Many European countries were in economic turmoil
15
An ecological footprint is:
How people contribute to the world around them in terms of ecolog. sustain.
The land that is needed to sustain the amount of resources for a person
Waste management plans and resources shared among people
How well a person encourages sustainability awareness
16
The spread of trade, transportation, and communications across the world to promote commerce
Historical Globalization
Globalization
Economic Globalization
17
A trade agreement between the USA, Canada, and Mexico
EU
NATO
NAFTA/CUSMA
WTO
18
The Millennium Development Goals created by the UN...
Promote sustainable prosperity
Promote environmental stewardship
Discourage sustainable prosperity
Promote economic growth
19
Containerization is the
Shipment of bulk food around the world
Transporting of goods in containers
Parts required by a factory
Just-in-time delivery of parts
20
John Maynard Keynes believed in government involvement in the economy
False
True
21
The General Agreement on Tariffs and Trade (GATT) led to the creation of the...
The International Monetary Fund
World Trade Organization
World Health Organization
The World Bank
22
The selling of public services to a company so they are no longer owned by the government
Capitalism
Communism
Market Economy
Privatization
23
Practicing stewardship of the environment and resources so future generations can meet their needs
Sustainable Prosperity
Economic growth
Ecological Footprints
Environmental Stewardship
24
Which of the following are examples of economic globalization?
All of the above
Maquiladoras
Transnational corporations
Free trade agreements
25
Businesses and individuals involved in research, education, technology developments for practical purposes
Fair Trade
Knowledge economy
Privatization
Transnational Corporations
26
Economic actions taken to pressure a government to act a certain way or follow certain rules
Sanctions
Boycotts
Taxes
Tariffs
27
Canada has a:
Much higher ecological footprint than most nations.
Similar ecological footprint to most nations.
Does not have an ecological footprint.
Lower ecological footprint than most nations.
28
Which of the following has NOT contributed to expanding globalization
Transportation and Containerization
Communication Technologies
The Media
Increased Tariffs and Taxes
29
This global event led to the formation of multiple economic institutions we still use today including the WB and IMF
The Russian Revolution
The Great Depression
WW1
WW2
30
Which of the following was an outcome of WWI in Canada?
None of the above
Income tax
Decreased unemployment
The Great Depression
