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Economics

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Bettie Schuster

Lvl 10
โˆ™ 2021-11-09 19:35:04
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Cards in this guide (32)
What type of policy is a certainty that the insurance company will have to make payment

None.

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.

Why hasn't globalization benefited the majority of the world's underdeveloped countries

Underdeveloped countries don't have the productive capacities necessary to take advantage of increasing international trade.

What gives a country a comparative advantage

When it gives up less than others to engage in a particular type of production

Why does the IMF impose conditionality on countries that accept its loans

The IMF wants to help fix the economies of countries that need its help. <apex>

How has globalization contributed to the recent increase in international terrorism

The downsides of globalization affect many people who often feel they have nowhere to turn other than violence.

Why do central banks play an important role in the global economy

Central banks control the foreign currency reserves that are used for international trade.
They also set each country's monetary policies.

The existence of an international division of labor among countries enables those countries to have what

Specialized production

Why does the growth of international trade lead to a rising global standard of living

International trade enables specialization, which brings increased efficiency and greater competition.

Which of these is a reason why many don't support globalization

It only benefits a handful of the world's countries.

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

An improved climate for foreign investment

Why has globalization led to an increasing income gap between rich and poor countries

Countries with well-established infrastructure and productive capacities have more competitive industries.

How does the WTO help stabilize the global economy

By assuring that producers will have open access to necessary resources

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.

What kind of insurance provides replacement value for personal possessions

Brand new items to replace the items lost (APE*)

Match each of the credit card terms with its definition

Annual percentage rate: The amount of interest paid on unpaid balances;

Grace period: Number of days to run a balance before fees or interest are charged;

Secured card: A credit card with money in a savings account to act as collateral;

Credit report: A listing of a person's financial information and history.

How do flexible expenses differ from fixed expenses

Flexible expenses vary over time.

Why does globalization give countries an incentive to reduce wages for their workers

Lower production costs help lure foreign investment.

Why don't companies doing business in countries with repressive governments object to the human rights abuses

Companies taking advantage of low labor costs don't make trouble for repressive governments.

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.

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

Free-trade policies

Which of these makes a student loan different from other types of loans

Students don't have to provide any collateral to get a student loan. On some student loans, payment may be deferred until the student is out of college.

Which of these is a problem that globalization poses for the US government

Increased security concerns

When you rent an apartment you make a monthly payment to whom

A landlord

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

Free-trade policies

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 can help reduce the total cost of living in an apartment

Finding a roommate

Why do lower labor costs in other countries lead to job loss in the United States

Lower labor costs in other countries lead to job less in the United States because it enables producers to undersell domestic producers.

Because costs and benefits are both subjective a person decision will always be based on what

Personal opinion

What was the reason for support for the republicans

we dont knw so dont ask

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

by bringing wage reductions

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