The candidate made an inflammatory speech that incensed all
those who heard it.
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Term1/17
Why does globalization lead to a reduction in wages in developed countries
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Definition1/17
Increased mobility allows producers to move jobs to lower-cost
labor markets.
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Term1/17
What does the World Bank hope will result from the loans it makes to developing countries
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Definition1/17
An improved climate for foreign investment
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Term1/17
Why does reducing trade barriers promote increased international trade
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Definition1/17
Free trade leads to lower prices and greater sales.
🔄 Click to see term
Term1/17
What makes a credit card more convenient than a debit card
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Definition1/17
It can be used to buy things without immediate payment.
🔄 Click to see term
Term1/17
Why does globalization give countries an incentive to reduce wages for their workers
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Definition1/17
Lower production costs help lure foreign investment.
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Term1/17
A boycott would not be successful under what circumstance
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Definition1/17
If most consumers didn't stay away from the company that was
being protested against, a boycott would not be successful.
🔄 Click to see term
Term1/17
Rationing is an attempt to limit shortages that naturally result from what
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Definition1/17
Price ceiling
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Term1/17
Under a fractional reserve banking system the amount of money loaned out can only increase if what happens
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Definition1/17
The required reserve ratio is lowered.
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Term1/17
Which is not a policy tool used by the Fed
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Definition1/17
Making tax cuts
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Term1/17
Economics is about the production of goods and services which requires the allocation of what
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Definition1/17
Resources
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Term1/17
What is a socialist country in which the government owns health care and communications
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Definition1/17
The Socialist Republic of Vietnam.
🔄 Click to see term
Term1/17
Which of these describes the costs and benefits to taking a college loan
🔄 Click to see definition
Definition1/17
College loans help increase future earning power but result in a
long-term commitment to monthly payments.
🔄 Click to see term
Term1/17
Does globalization cause poverty
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Definition1/17
Globalization does not cause poverty, on the other hand,
globalization lifted many people out of poverty and created a solid
middle class in many developing countries. India and China are
example. Globalization may have caused financial hardship for many
westerners since many jobs were shipped overseas because of cheap
labor.
🔄 Click to see term
Term1/17
Why don't developing countries usally benefit from free trade policies
🔄 Click to see definition
Definition1/17
Many developing countries do not benefit from free trade
policies, because their industries are to weak to compete in the
international market.
🔄 Click to see term
Term1/17
What have been negative effects of globalization
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Definition1/17
Higher prices for consumers
🔄 Click to see term
Term1/17
Why do central banks play an important role in a global economy
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Definition1/17
they control the foreign currency reserves that are used for international trade
🔄 Click to see term
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Cards in this guide (17)
A sentence for inflammatory
The candidate made an inflammatory speech that incensed all
those who heard it.
Why does globalization lead to a reduction in wages in developed countries
Increased mobility allows producers to move jobs to lower-cost
labor markets.
What does the World Bank hope will result from the loans it makes to developing countries
An improved climate for foreign investment
Why does reducing trade barriers promote increased international trade
Free trade leads to lower prices and greater sales.
What makes a credit card more convenient than a debit card
It can be used to buy things without immediate payment.
Why does globalization give countries an incentive to reduce wages for their workers
Lower production costs help lure foreign investment.
A boycott would not be successful under what circumstance
If most consumers didn't stay away from the company that was
being protested against, a boycott would not be successful.
Rationing is an attempt to limit shortages that naturally result from what
Price ceiling
Under a fractional reserve banking system the amount of money loaned out can only increase if what happens
The required reserve ratio is lowered.
Which is not a policy tool used by the Fed
Making tax cuts
Economics is about the production of goods and services which requires the allocation of what
Resources
What is a socialist country in which the government owns health care and communications
The Socialist Republic of Vietnam.
Which of these describes the costs and benefits to taking a college loan
College loans help increase future earning power but result in a
long-term commitment to monthly payments.
Does globalization cause poverty
Globalization does not cause poverty, on the other hand,
globalization lifted many people out of poverty and created a solid
middle class in many developing countries. India and China are
example. Globalization may have caused financial hardship for many
westerners since many jobs were shipped overseas because of cheap
labor.
Why don't developing countries usally benefit from free trade policies
Many developing countries do not benefit from free trade
policies, because their industries are to weak to compete in the
international market.
What have been negative effects of globalization
Higher prices for consumers
Why do central banks play an important role in a global economy
they control the foreign currency reserves that are used for international trade