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Economics

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Wendell Jones

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Cards in this guide (19)
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.

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 greater capital mobility mean

Investment money flows freely around the world.

What does the international banking system consist of

A decentralized set of central and private banks

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.

How might a country respond to a trade embargo

It could pursue a policy of national self-sufficiency.

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.

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.

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

Type your answer here... High tariffs

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's 5 percent charged on profits from selling stocks

Capital gains tax

How do people in the united states benefit from globalization

Economic growth is one way that people in the United States benefit from globalization.

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.

Order to make up for a budget deficit the government can do what (Apex)

Issue bonds

Match each organization with the correct labels (apex)

Organization of Petroleum Exporting Countries competition regulator

Lockheed Martin Corporation government contractor

Antitrust Division of the Department of Justice cartel

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