The world bank lends money to memeber nation so that they could be carry out the work of public importance and usefulness.
🔄 Click to see term
Term1/20
How can a country respond to a trade embargo
🔄 Click to see definition
Definition1/20
By seeking other trading partners
it could pursue a policy of national self-sufficiency
🔄 Click to see term
Term1/20
How does the IMF use its loans to attempt to control and fix the economies of countries that need its help
🔄 Click to see definition
Definition1/20
By imposing conditionality
🔄 Click to see term
Term1/20
What does the international banking system consist of
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Definition1/20
A decentralized set of central and private banks
🔄 Click to see term
Term1/20
What is discretionary spending within a budget
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Definition1/20
Money that can be used for any purpose
🔄 Click to see term
Term1/20
How are credit unions different from banks
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Definition1/20
Credit unions are nonprofit financial institutions.
Technically, you're answer is incorrect. Credit unions are
not-for-profit, member owned, financial cooperatives. They are NOT
the Salvation Army, the Red Cross, or Goodwill, which are nonprofit
organizations. Credit Unions must earn money to cover overhead
& operations, provide returns to their members and build
capital. Since they are cooperatives, they issue no stock (which
banks do to raise capital to expand branchs and offer additional
services) and the only way credit unions can build capital is
through earnings.
🔄 Click to see term
Term1/20
People who lease a car are paying for what
🔄 Click to see definition
Definition1/20
The reduction in the car's value while they're driving it
🔄 Click to see term
Term1/20
What pair of words best describes the purpose of using cost benefit analysis
🔄 Click to see definition
Definition1/20
To make decisions that maximize benefits.
Rational and Subjective.
Objective and systematic
pleasure (benefit) and pain (cost)
calculating and coherent
Rational and structured =making a list of costs and benefits
🔄 Click to see term
Term1/20
The process of globalization involves an increase in what
🔄 Click to see definition
Definition1/20
The mobility of goods, services, labor, and capital
🔄 Click to see term
Term1/20
What is the main difference between developed countries and developing countries
🔄 Click to see definition
Definition1/20
The income level and standard of living
🔄 Click to see term
Term1/20
Which of these has occurred during the most recent period of globalization
🔄 Click to see definition
Definition1/20
The income gap between rich and poor countries has widened.
🔄 Click to see term
Term1/20
How do developed countries maintain an advantage over developing countries in international trade
🔄 Click to see definition
Definition1/20
They maintain high tariffs on the agricultural goods that many
developing countries export.
🔄 Click to see term
Term1/20
How might a country respond to a trade embargo
🔄 Click to see definition
Definition1/20
It could pursue a policy of national self-sufficiency.
🔄 Click to see term
Term1/20
When might a country specialize in producing a particular good
🔄 Click to see definition
Definition1/20
When a country has an absolute advantage in production of that
good it may specialize in producing that good.
🔄 Click to see term
Term1/20
What is happening in the information technology sector of the global economy
🔄 Click to see definition
Definition1/20
Many information technology jobs are shifting from developed
countries to the new globalizers.
🔄 Click to see term
Term1/20
The World Bank loans developing countries money in order to do what
🔄 Click to see definition
Definition1/20
The World Bank loans developing countries money in order to
improve conditions in the country. It can be used for various
purposes, including education, job development, and
infrastructure.
🔄 Click to see term
Term1/20
Banks pay their costumers interest on the money in their accounts for what reason
🔄 Click to see definition
Definition1/20
Banks pay their consumers interest on their money in their
accounts because, the same money is what the bank use to lend loans
to other customers. As they are going to earn an income through the
interest they charge the loan customers, banks give a portion of
that interest as interest for the customers who have deposited
their money with them.
🔄 Click to see term
Term1/20
What can you do in addition to cutting all unnessary expenses to make sure your expenses don't exceed your income
🔄 Click to see definition
Definition1/20
Increase your income!
🔄 Click to see term
Term1/20
Why don't developing countries usally benefit from free trade policies
🔄 Click to see definition
Definition1/20
Many developing countries do not benefit from free trade
policies, because their industries are to weak to compete in the
international market.
🔄 Click to see term
Term1/20
How does globalization hurt the United States economy
🔄 Click to see definition
Definition1/20
by bringing wage reductions
🔄 Click to see term
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Cards in this guide (20)
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.
How can a country respond to a trade embargo
By seeking other trading partners
it could pursue a policy of national self-sufficiency
How does the IMF use its loans to attempt to control and fix the economies of countries that need its help
By imposing conditionality
What does the international banking system consist of
A decentralized set of central and private banks
What is discretionary spending within a budget
Money that can be used for any purpose
How are credit unions different from banks
Credit unions are nonprofit financial institutions.
Technically, you're answer is incorrect. Credit unions are
not-for-profit, member owned, financial cooperatives. They are NOT
the Salvation Army, the Red Cross, or Goodwill, which are nonprofit
organizations. Credit Unions must earn money to cover overhead
& operations, provide returns to their members and build
capital. Since they are cooperatives, they issue no stock (which
banks do to raise capital to expand branchs and offer additional
services) and the only way credit unions can build capital is
through earnings.
People who lease a car are paying for what
The reduction in the car's value while they're driving it
What pair of words best describes the purpose of using cost benefit analysis
To make decisions that maximize benefits.
Rational and Subjective.
Objective and systematic
pleasure (benefit) and pain (cost)
calculating and coherent
Rational and structured =making a list of costs and benefits
The process of globalization involves an increase in what
The mobility of goods, services, labor, and capital
What is the main difference between developed countries and developing countries
The income level and standard of living
Which of these has occurred during the most recent period of globalization
The income gap between rich and poor countries has widened.
How do developed countries maintain an advantage over developing countries in international trade
They maintain high tariffs on the agricultural goods that many
developing countries export.
How might a country respond to a trade embargo
It could pursue a policy of national self-sufficiency.
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 is happening in the information technology sector of the global economy
Many information technology jobs are shifting from developed
countries to the new globalizers.
The World Bank loans developing countries money in order to do what
The World Bank loans developing countries money in order to
improve conditions in the country. It can be used for various
purposes, including education, job development, and
infrastructure.
Banks pay their costumers interest on the money in their accounts for what reason
Banks pay their consumers interest on their money in their
accounts because, the same money is what the bank use to lend loans
to other customers. As they are going to earn an income through the
interest they charge the loan customers, banks give a portion of
that interest as interest for the customers who have deposited
their money with them.
What can you do in addition to cutting all unnessary expenses to make sure your expenses don't exceed your income
Increase your income!
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.
How does globalization hurt the United States economy