10-1 Unit 3 Review

This company is an example of a transnational influencing economic globalization in a negative way

These payments had a negative effect on economies across the globe after WW1

This global event led to the promotion of a communist economic system

The selling of public services to a company so they are no longer owned by the government

The load that humans impose on nature

A period of low economic activity accompanied by high unemployment

This global event led to the formation of multiple economic institutions we still use today including the WB and IMF

Earth's ability to provide the resources necessary to meet peoples needs

The spread of trade, transportation, and communications across the world to promote commerce

The Millennium Development Goals created by the UN...

A process that involves countries reducing or removing trade barriers so goods can move more freely

John Maynard Keynes believed in government involvement in the economy

Businesses and individuals involved in research, education, technology developments for practical purposes

Communism was an economic policy used frequently before the Russian Revolution

Which of the following is NOT used to measure prosperity

Reducing costs by using suppliers of products and services in less developed parts of the world

Which of the following has NOT contributed to expanding globalization

Fredrich Hayek believed that the government should stay out of the economy

Developing countries often have larger ecological footprints then developed countries

The World Bank and IMF were created after WW2 to prevent another depression and promote trade

Which global event led to the Great Depression

A trade agreement between the USA, Canada, and Mexico

Keynes believed we should allow a boom bust cycle to naturally occur

Economic actions taken to pressure a government to act a certain way or follow certain rules

This man promoted free markets

Trade that occurs when 2 or more countries eliminate tariffs and taxes on goods they trade with each other

The General Agreement on Tariffs and Trade (GATT) led to the creation of the...

Practicing stewardship of the environment and resources so future generations can meet their needs

Accepting responsibility to ensure the earth's resources remain sustainable

A trade agreement between multiple European countries

Individuals are able to freely make economic decisions without government intervention

Which of the following has been unsuccessful at promoting sustainability