Global trade involves business practices that cross
international borders. Modern business practices may include
multiple locations being used as well as telecommunication via
teleconferencing.
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Term1/17
What kind of loans does the World Bank make
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Definition1/17
The world bank lends money to memeber nation so that they could be carry out the work of public importance and usefulness.
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Term1/17
What is one effect of a price floor
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Definition1/17
A surplus of supply
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Term1/17
What do capital controls prevent
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Definition1/17
Speculators from rushing into and out of a country's market and disrupting its economy./
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Term1/17
Environmental-protection laws can be bad for the economy because they may do what
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Definition1/17
Environmental-protection laws can be bad for the economy because they may increase unemployment.
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Term1/17
What does increasing consumer confidence do
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Definition1/17
Increases purchases from producers
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Term1/17
Globalization creates greater what
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Definition1/17
Interconnections among the people and economies of the world
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Term1/17
How do central banks impact the global economy
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Definition1/17
They influence the national money supply,which affects the
volume of international trade.
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Term1/17
What limits specialization in the global economy
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Definition1/17
Trade barriers.
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Term1/17
Because most developing countries have weak domestic industries they do not benefit from what
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Definition1/17
Free-trade policies
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Term1/17
When might a country specialize in producing a particular good
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Definition1/17
When a country has an absolute advantage in production of that
good it may specialize in producing that good.
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Term1/17
What does predatory pricing involve
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Definition1/17
A large company charging below its production cost in order to
eliminate competition
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Term1/17
If developing countries have weak domestic industries they do not benefit from what
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Definition1/17
Free-trade policies
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Term1/17
What have been negative effects of globalization
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Definition1/17
Higher prices for consumers
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Term1/17
What is an example of a labor law in economics
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Definition1/17
A restriction on when a union may call a strike
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Term1/17
Match each organization with its correct relationship to the government
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Definition1/17
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
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Term1/17
Match each type of unfair business practice with its description (apex)
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Definition1/17
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
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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Cards in this guide (17)
Name three new business practices of global trade
Global trade involves business practices that cross
international borders. Modern business practices may include
multiple locations being used as well as telecommunication via
teleconferencing.
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.
What is one effect of a price floor
A surplus of supply
What do capital controls prevent
Speculators from rushing into and out of a country's market and disrupting its economy./
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
Globalization creates greater what
Interconnections among the people and economies of the world
How do central banks impact the global economy
They influence the national money supply,which affects the
volume of international trade.
What limits specialization in the global economy
Trade barriers.
Because most developing countries have weak domestic industries they do not benefit from what
Free-trade policies
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 does predatory pricing involve
A large company charging below its production cost in order to
eliminate competition
If developing countries have weak domestic industries they do not benefit from what
Free-trade policies
What have been negative effects of globalization
Higher prices for consumers
What is an example of a labor law in economics
A restriction on when a union may call a strike
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.
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.