SS 10 Unit 3

Industries that use knowledge to produce economic benefits

A government owned business created to provide essential products and services to people.

The organization that regulates exchange rates and provides emergency short-term assistance

Nations working together to give one another better trading terms are called

The Alberta government removed restrictions in the power industry. This is called...

Improve industries without destroying the environment

The agreement after WWII that led to IMF and World Bank

What occurs when Tariffs, trade barriers and quotas are decreased?

NAFTA includes

The process of reducing barriers to trade

Trade between countries with relatively few restrictions

The process in which the world's economies are becoming more interconnected

What is the main difference between the World Bank and the IMF?

A tax on imported good and services to reduce competition with domestic goods

Which economic systems clashed with each other during the Cold War?

Trade organization with over 164 members that accounts for 98% of the world's trade

Once a year a group of nations with the strongest economies meet to discuss economic and foreign policies.

TNC stands for

This occurs when the government sells a business to a private owner