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Economics

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Dane Bernhard

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Cards in this guide (21)
What is one of the negative effects of globalization

There is an increasing income gap between rich and poor countries, because labor jobs will be moved to the countries with the cheapest manpower.

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 does the World Bank hope will result from the loans it makes to developing countries

An improved climate for foreign investment

Globalization creates greater what

Interconnections among the people and economies of 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 has occurred during the most recent period of globalization

The income gap between rich and poor countries has widened.

How might a country respond to a trade embargo

It could pursue a policy of national self-sufficiency.

Because most developing countries have weak domestic industries they do not benefit from what

Free-trade policies

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.

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.

What has been the main drawback of globalization for the United states

Competition with lower wages and jobs leaving the country are some of the major drawbacks of globalization.

What is largest difference between developed and developing countries

the level of wealth

What is an example of a labor law in economics

A restriction on when a union may call a strike

Globalization has increased following throughout the world

the migration of workers

How does globalization hurt the United States economy

by bringing wage reductions

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