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Economics

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Albert Roberts

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2y ago
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Cards in this guide (13)
Environmental-protection laws can be bad for the economy because they may do what

Environmental-protection laws can be bad for the economy because they may increase unemployment.

What does increasing consumer confidence do

Increases purchases from producers

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

How does the WTO promote global free trade

By creating multilnational trade agreements

MULTILATERAL... not multinational.

The existence of an international division of labor among countries enables those countries to have what

Specialized production

Country X would enjoy an absolute advantage in the production of clothing under what circumstance

Its production costs for clothing were the lowest in the world.

What was the relationship between colonizing countries and their colonies

The colonizers used the resources of their colonies to grow their own economies.

How do central banks impact the global economy

They influence the national money supply,which affects the volume of international trade.

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.

The government can prevent the shortages that accompany price ceilings by doing what

Rationing

If developing countries have weak domestic industries they do not benefit from what

Free-trade policies

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.

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