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Economics

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Eulalia Doyle

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Cards in this guide (20)
Greater capital mobility can help developing countries by providing what

Increased foreign investment

What does the giving of foreign aid involve

A gift of money from one government to another government

What is the main intention of boycotts

To get countries or companies to stop doing something objectionable

Why have many developing countries failed to benefit from the spread of free trade around the world

Developed countries continue to maintain high tariffs on the agricultural goods that developing countries export in large numbers.

What does the World Bank hope will result from the loans it makes to developing countries

An improved climate for foreign investment

Globalization creates greater what

Interconnections among the people and economies of the world

Why does globalization give countries an incentive to reduce wages for their workers

Lower production costs help lure foreign investment.

Why do the actions of central banks have an important effect on the global economy

Control of the money supply determines how much money is available for international trade.

Why do some countries fear increasing economic interdependence

Interdependence involves a loss of control over the national economy.

Why does the IMF require countries to accept economic policy recommendations along with the loans it gives

The IMF wants to fix the economies of countries that need its help.

The WTO attempts to promote free trade around the world so that what happens

Trade flows smoothly and predictably

Under a fractional reserve banking system the amount of money loaned out can only increase if what happens

The required reserve ratio is lowered.

What is something that is not a hazard of globalization

Increased prices are not a hazard of globalization.

Why are the majority of the worlds countries left on the margins of globalization

many countries are too underdeveloped to take advantage of the oppurtunities presented by increasing international rate.

What has been the main drawback of globalization for the United states

Competition with lower wages and jobs leaving the country are some of the major drawbacks of globalization.

When married but separated can married filing jointly be the filing status

IF you are NOT LEGALLY separated in the state that you are a a resident of on the last day of the year.

Your filing status would be married filing joint or on a separate 1040 federal income tax return MARRIED FILING SEPARATE.

What is largest difference between developed and developing countries

the level of wealth

Globalization has increased following throughout the world

the migration of workers

How does globalization hurt the United States economy

by bringing wage reductions

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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