Cards in this guide (18)
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 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
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
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
What is happening in the information technology sector of the global economy
Many information technology jobs are shifting from developed
countries to the new globalizers.
If developing countries have weak domestic industries they do not benefit from what
What is something that is not a hazard of globalization
Increased prices are not a hazard of globalization.
Which of these results from greater capital mobility
Increased foreign investment.
How does globalization hurt the United States economy
by bringing wage reductions