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Blaze Welch

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Cards in this guide (15)
What kind of loans does the World Bank make

The world bank lends money to memeber nation so that they could be carry out the work of public importance and usefulness.

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.

Foreign aid is intended to result in what

Foreign aid is intended to result in development.

What is the main intention of boycotts

To get countries or companies to stop doing something objectionable

What gives a country a comparative advantage

When it gives up less than others to engage in a particular type of production

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

Specialized production

Globalization creates greater what

Interconnections among the people and economies of 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.

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

Lower production costs help lure foreign investment.

The process of globalization involves an increase in what

The mobility of goods, services, labor, and capital

Which of these has occurred during the most recent period of globalization

The income gap between rich and poor countries has widened.

Which of the following does not promote increased international trade and economic growth

Type your answer here... High tariffs

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

Free-trade policies

Which of these results from greater capital mobility

Increased foreign investment.

How does globalization hurt the United States economy

by bringing wage reductions

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