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Economics

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Carlie Renner

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Cards in this guide (16)
What is the membership in international organizations for Switzerland

The country of Switzerland is currently a member of 72 international organizations. It is also the base of 25 international organizations.

What would be an example of a land-use law

A town zones an area for residential buildings only. This is an example of a land use law.

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 greater capital mobility mean

Investment money flows freely around the world.

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 is one purpose of foreign aid

To alleviate poverty or suffering

People who lease a car are paying for what

The reduction in the car's value while they're driving it

Globalization creates greater what

Interconnections among the people and economies of the world

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 is an important factor promoting increased international trade

The reduction of trade barriers

How might a country respond to a trade embargo

It could pursue a policy of national self-sufficiency.

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.

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 World Bank loans developing countries money in order to do what

The World Bank loans developing countries money in order to improve conditions in the country. It can be used for various purposes, including education, job development, and infrastructure.

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

Free-trade policies

What is largest difference between developed and developing countries

the level of wealth

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