Cards in this guide (11)
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.
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 circumstances would allow Country A to have an absolute advantage over Country B in the production of computers
Companies in Country A can produce computers at a lower
cost.
Globalization creates greater what
Interconnections among the people and economies of the world
What was the relationship between colonizing countries and their colonies
The colonizers used the resources of their colonies to grow
their own economies.
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
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.
If developing countries have weak domestic industries they do not benefit from what
When one country can produce a product more cheaply than another country can this is called
What is largest difference between developed and developing countries