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Economics

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Janick McGlynn

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Cards in this guide (17)
Name three new business practices of global trade

Global trade involves business practices that cross international borders. Modern business practices may include multiple locations being used as well as telecommunication via teleconferencing.

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 conditionality require of countries getting loans from the IMF

The acceptance of economic policy recommendations

What is the purpose of the loans made by the World Bank

To promote sustainable development

What does greater capital mobility mean

Investment money flows freely around the world.

What does the giving of foreign aid involve

A gift of money from one government to another government

What might happen to a country that has a trade embargo placed on it

It becomes more self-sufficient.

What is the main intention of boycotts

To get countries or companies to stop doing something objectionable

How do central banks impact the global economy

They influence the national money supply,which affects the volume of international trade.

What is the main difference between developed countries and developing countries

The income level and standard of living

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

Free-trade policies

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.

How do people in the united states benefit from globalization

Economic growth is one way that people in the United States benefit from globalization.

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.

Globalization has increased following throughout the world

the migration of workers

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