Cards in this guide (24)
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.
What do capital controls prevent
Speculators from rushing into and out of a country's market and disrupting its economy./
What does increasing consumer confidence do
Increases purchases from producers
Foreign aid is intended to result in what
Foreign aid is intended to result in development.
How can a country respond to a trade embargo
By seeking other trading partners
it could pursue a policy of national self-sufficiency
What is the main purpose of the loans made by the World Bank
To help countries achieve sustainable development
Globalization creates greater what
Interconnections among the people and economies of the world
During the period of colonization developed countries did what
Extracted resources from their colonies
Politicians approve pork barrel spending for what purpose
The government can prevent the shortages that accompany price ceilings by doing what
The process of globalization involves an increase in what
The mobility of goods, services, labor, and capital
Increasing specialization within the global economy depends on what
How might a country respond to a trade embargo
It could pursue a policy of national self-sufficiency.
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.
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.
Tariffs differ from taxes because tariffs are what
Only collected on imported goods
What does complying with consumer-protection regulations do
Complying with consumer protection regulations increases
production costs and raises prices.
Which of the following does not promote increased international trade and economic growth
Type your answer here... High tariffs
What is one negative effect of current patterns in global trade
Job loss and wage decreases in developed countries.
What does predatory pricing involve
A large company charging below its production cost in order to
eliminate competition
If developing countries have weak domestic industries they do not benefit from what
What's 5 percent charged on profits from selling stocks
How were slaves affected by the new republic
Some northern states made slavery against the law.
What is an example of a labor law in economics
A restriction on when a union may call a strike