The “Please Help!” sign that the person is holding in Source 1 would MOST LIKELY symbolize:

The request for societal support in the form of clean water and food

Which of the following statements best illustrates Keynes' thinking?

The government should intervene in the economy

The MAIN idea of Source 1 is that the United States:

is losing jobs as a result of the NAFTA agreement

The MAIN message of Source 1 suggests that:

Developd wrld is out of touch w/ realities of dvlp'ing & less-devloped wrld

What is the basic mission of the World Bank?

Provide long term loans to developing countries

Advocates of privatization would AGREE with all of the following EXCEPT:

privatization leads to poor quality goods and higher prices

Identify the "positive" economic aspect of transnational corporations:

They permit unemployed people to work

Critics of the World Bank and the International Monetary Fund (IMF) argue that these organizations:

have become too influential and that their help comes at too high a cost

Looking at the statement made in Source 2, it is actually INCORRECT because:

American jobs moved to Maquiladoras along the US-Mexico border

The MAIN message of the Source suggests that:

Military & then economic conquest is new form of colonialism in world today

Trade liberalization is a process that:

reduces trade barriers so goods & services can move around the world easily

Which of the following statements best reflects Hayek's thinking?

the government should never intervene in the economy

A SUPPORTER of trade liberalization would:

Believe Canadians benefit from free trade

Canada’s sustainable development involves ALL of the following objectives EXCEPT:

exploiting natural resources quickly to ensure steady economic growth

What is the MAIN function of the WTO?

resolve international trade disputes

The figures found in the graph could be used as evidence that:

Most energy consumption results in environmental degradation

What is the primary role of the WTO?

Resolve international trade disputes

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Social 10-1 Unit 3 Review

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Questions 37

Answers

1
This term refers to taking care of the environment for future generations.
Environmental Activist
The Knowledge Economy
Sustainable Prosperity
Environmental Stewardship
2
Reducing trade barriers, privatization of crown corporations refers best to which term
trade liberalization
a recession
economic growth
regulation
3
The “Please Help!” sign that the person is holding in Source 1 would MOST LIKELY symbolize:
The request for societal support in the form of clean water and food
An injection of financial support to alleviate government debt
A formal application for the country to become a member of the World Bank
Medical instruments and other pharmaceuticals for the people
4
Those who would BENEFIT the MOST from Source 3 would be:
The members of the Bretton Woods Conference
Communists like Josef Stalin or Fidel Castro
CEOs of major corporations
Isolationists like those before World War 1
5
Which of the following statements best illustrates Keynes' thinking?
The government should intervene only in times of prosperity
The government should never intervene in the economy
The government should intervene in the economy
Individuals must fight for their economic survival
6
What form of shipping has enormously increased the volume of international trade over the past 50 years, the MOST?
Container-based shipping
Train-based shipping
Air-based shipping
Truck-based shipping
7
The MAIN idea of Source 1 is that the United States:
is creating many more jobs in different sectors of the economy
is losing jobs as a result of the NAFTA agreement
is trading for cheaper products from Mexico and Canada
should be able to fix their own problems regarding trade agreements
8
Which of the following is the LEAST associated with economic globalization?
The United Nations
The Bretton Woods Conference
The World Bank
The International Monetary Fund
9
The MAIN message of Source 1 suggests that:
Through better education, dvp'ing & less-dvlpd nations can solve own issues
Developd wrld is out of touch w/ realities of dvlp'ing & less-devloped wrld
IMF or World Bank should have more spending power to help those in need
The UN, need more investigation into developing better goals for ppl
10
What is the basic mission of the World Bank?
Provide financial assistance to countries in economic crisis
Monitor currency exchange rates
Provide long term loans to developing countries
Develop the financial resources of the United Nations
11
Which answer illustrates the restrictions imposed by the World Bank when granting a loan?
Strengthen democracy
Reducing corruption
all of the above answers
Favoring a free market
12
In June 2019, P. Trump announced that the US would withdraw from this global climate accord to reduce greenhouse gasses
NAFTA
Kyoto Protocol
CUSMA
Paris Agreement
13
This measurement of prosperity is based on Buddhist spiritual values rather than economic growth
SHEP
GDP
GNH
HDI
14
Advocates of privatization would AGREE with all of the following EXCEPT:
privatization involves selling a public service to a private company
AB's government privatization of government owned corporations helped enab
privatization leads to poor quality goods and higher prices
privatization lowers taxes because service is no longer paid by taxpayers
15
Preserve economic and natural capital to meet the needs of the present and future generations
Efficiency
Sustainability
Reliability
Prosperity
16
This nation was the very first to try communism, the rise of which resulted in their early departure from WWI.
Germany
Russia
The US
Cuba
17
Reducing trade barriers, privatizing government enterprises refers to which term?
Trade Liberalization
Economic Growth
Sustainability
Planned Economy
18
Which of the following is a European economic, social and political agreement?
USMCA
EU
WTO
NAFTA
19
Which of the following terms relates to A system where individuals own the means of production and operate for profit.
Capitalism
Socialism
Communism
Mixed Economy
20
Identify the "positive" economic aspect of transnational corporations:
They influence the government to avoid environmental laws
They often produce in dangerous working conditions
They do not respect human rights
They permit unemployed people to work
21
Which of the following refers to economic and political system aiming for a classless society and common ownership?
Mixed Economy
Capitalism
Socialism
Communism
22
Critics of the World Bank and the International Monetary Fund (IMF) argue that these organizations:
should be remodeled after independent governments that sit on the committee
have helped stabilize the global economy
have become too influential and that their help comes at too high a cost
have brought prosperity to most countries
23
Looking at the statement made in Source 2, it is actually INCORRECT because:
American jobs moved to Maquiladoras along the US-Mexico border
the overall price of goods in the USA went up
USA experienced trade boycotts from European nations like France and Russia
most manufacturing jobs, like cars makers, moved into Canada from the US
24
The MAIN message of the Source suggests that:
Freeing ppl from poor living conditions will help them and their economies
USA is wrong in starting conflict & then helping people in war torn nations
Economic globalization is main motivation in helping less-dvelopd countries
Military & then economic conquest is new form of colonialism in world today
25
Trade liberalization is a process that:
makes it easier and more cost efficient to ship goods in containers
increases trade barriers around world so countries can protect industries
reduces trade barriers so goods & services can move around the world easily
implements strict penalties for actions that are not in line with the IMF
26
Which of the following statements best reflects Hayek's thinking?
The government should always intervene in the economy
the government should never intervene in the economy
The government should intervene in times of prosperity
Individuals should know when to ask for economic help
27
A SUPPORTER of trade liberalization would:
Believe Canadians benefit from free trade
Want to get rid of NAFTA
Think the Canadian government should have economic nationalist policies
Prevent Canadian TV stations from broadcasting foreign programs
28
An example of an international agreement on the environment is:
The Kosovo Accord
The Kellogg Protocol
The Kennedy Accord
The Kyoto Protocol
29
As trade is liberalized, FOREIGN OWNERSHIP of companies in Canada typically:
remains the same
goes down
creates job loss
goes up
30
Canada’s sustainable development involves ALL of the following objectives EXCEPT:
exploiting natural resources quickly to ensure steady economic growth
protecting the health of Canadians and of ecosystems.
improving our quality of life and well-being.
trying to meet our international obligations.
31
Where does most of the dangerous industry involving dismantling ocean going vessels ships, take place in?
United States
Bangladesh
The DRC
Canada
32
What is the MAIN function of the WTO?
provide financial assistance to countries in difficulty
promote international exchanges
strengthen democracy and the free market economy
resolve international trade disputes
33
Which of the following principles would BEST aid in the development of a market economy (capitalism)?
privatize land and property
increase taxation and spending on social programs
restrict the amount of grain exported from collective farms
reduce voting rights for a period of time to develop access to markets
34
The figures found in the graph could be used as evidence that:
Fossil fuels were 63% of energy that was consumed in the USA in 2012
Hydro-power has a greater share of energy use than coal
Most energy consumption results in environmental degradation
The use of non-renewable sources of energy are in decline
35
This type of economy thrives on innovation, research, and education rather than traditional industries
Capitalism
Socialism
Communism
The Knowledge Economy
36
What is the primary role of the WTO?
Educate citizens about the reduction of their ecological footprint.
Resolve international trade disputes
Provide economic information to the United Nations Security Council
Reduce global greenhouse gas emissions
37
The BIGGEST NEGATIVE of outsourcing would be:
More jobs around the world
Cheaper goods
Sweatshops
More money for TNC’s

Social 10-1 Unit 3 Review Flashcards | StudBud