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Economics

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Mossie Lueilwitz

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Cards in this guide (7)
What is one of the negative effects of globalization

There is an increasing income gap between rich and poor countries, because labor jobs will be moved to the countries with the cheapest manpower.

What is one of the downsides of increasing economic interdependence

loss of control over the national economy.

Which of these is an important factor promoting increased international trade

The reduction of trade barriers

What is one effect of a price ceiling

A shortage of supply

How can the government prevent speculators from rushing into and out of a country's market and disrupting its economy

by using capital controls

When one country can produce a product more cheaply than another country can this is called

comparative advantage

Match each current trend in the global economy with one of its economic effects.

Improved communication: Easier outsourcing; Trade liberalization: Increased trade; Infrastructure development: Cheaper transportation; Industrialization: Greater productivity.

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