Cards in this guide (23)
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 conditionality require of countries getting loans from the IMF
The acceptance of economic policy recommendations
What does the giving of foreign aid involve
A gift of money from one government to another government
What does the international banking system consist of
A decentralized set of central and private banks
In order for a country to specialize its production what must there be
There must be an international division of labor for a country
to specialize its production.
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.
What was the relationship between colonizing countries and their colonies
The colonizers used the resources of their colonies to grow
their own economies.
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
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.
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 new globalizers are countries that are what
enjoying increased international trade and rapid economic
growth
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.
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.
What is one thing the government must do to enforce consumers protection regulations
Test new products for safety and effectiveness.
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.
What time is Churchill most clearly using
I cannot answer this question.
Which of the following does not promote greater international trade
Higher tax and tariff levels
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.