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Economics

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Rollin Wiegand

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2y ago
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Cards in this guide (14)
What is the purpose of the loans made by the World Bank

To promote sustainable development

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.

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.

Which of these results from greater capital mobility

Increased foreign investment.

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.

Which of these is mostly directly responsible for job loss in the US

Cheap imported goods are responsible for job loss in the United States.

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.

Globalization has increased following throughout the world

the migration of workers

What time is Churchill most clearly using

I cannot answer this question.

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.

  1. 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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