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Economics

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Ramiro Brekke

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Cards in this guide (20)
What does greater capital mobility mean

Investment money flows freely around the world.

How does the IMF use its loans to attempt to control and fix the economies of countries that need its help

By imposing conditionality

What does the international banking system consist of

A decentralized set of central and private banks

How are credit unions different from banks

Credit unions are nonprofit financial institutions.

Technically, you're answer is incorrect. Credit unions are not-for-profit, member owned, financial cooperatives. They are NOT the Salvation Army, the Red Cross, or Goodwill, which are nonprofit organizations. Credit Unions must earn money to cover overhead & operations, provide returns to their members and build capital. Since they are cooperatives, they issue no stock (which banks do to raise capital to expand branchs and offer additional services) and the only way credit unions can build capital is through earnings.

People who lease a car are paying for what

The reduction in the car's value while they're driving it

What describes how a fixed-rate mortgage works

The monthly payment on a fixed-rate mortgage never changes.

What pair of words best describes the purpose of using cost benefit analysis

To make decisions that maximize benefits.

Rational and Subjective.

Objective and systematic

pleasure (benefit) and pain (cost)

calculating and coherent

Rational and structured =making a list of costs and benefits

Which of these is an important factor promoting increased international trade

The reduction of trade barriers

How do developed countries maintain an advantage over developing countries in international trade

They maintain high tariffs on the agricultural goods that many developing countries export.

How might a country respond to a trade embargo

It could pursue a policy of national self-sufficiency.

When might a country specialize in producing a particular good

When a country has an absolute advantage in production of that good it may specialize in producing that good.

What is the increasing interconnectedness of peoples and countries around the world is known as what

Globalization..APEX

What is happening in the information technology sector of the global economy

Many information technology jobs are shifting from developed countries to the new globalizers.

The World Bank loans developing countries money in order to do what

The World Bank loans developing countries money in order to improve conditions in the country. It can be used for various purposes, including education, job development, and infrastructure.

Consumers can use lobbying to accomplish what

To get the government to pass new laws

Which of these is mostly directly responsible for job loss in the US

Cheap imported goods are responsible for job loss in the United States.

What are the correct steps to show how a budget is made

a

b

d

c

What time is Churchill most clearly using

I cannot answer this question.

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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