Flashcards
Unit 2 Study Set
Flashcards do conjunto (17)
- 1What is Globalization?Actions or processes that involve the entire world and result in making something worldwide in scope many times dealing with trade and businesses
- 2Positives of GlobalizationGlobalization is a positive development as it will give rise to new industries and more jobs in developing countries
- 3Negatives of Globalizationglobalization is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do
- 4What is the impact of globalization?a substantial rise in trade and commercial interactions, as well as to an expansion of financial interactions.
- 5What is Economic Growth?an increase in the quantity and quality of the economic goods and services that a society produces and consumes
- 6What is GDP & GDP per capita?a monetary measure of the market value of all the final goods and services produced and sold in a specific time period by countries. GDP per capita shows a country's GDP divided by its total population
- 7What is the World Bank?an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
- 8What is the social progress index?The Social Progress Index measures the extent to which countries provide for the social and environmental needs of their citizens.
- 9What is Specialization?When a country specializes in the production of a certain good or service
- 10What is a multinational corporation?A multinational company is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country.
- 11Examples of multinational corporationsApple, Amazon, Microsoft, McDonald's, and Volkswagen.
- 12What is Free Trade?international trade left to its natural course without tariffs, quotas, or other restrictions.
- 13What is the United States, Mexico, Canada Agreementprovides the framework for pursuing a positive economic agenda that lifts up workers and communities across the three countries. Free Trade agreement which is better than NAFTA it is a mutually beneficial win for North American workers, farmers, ranchers, and businesses
- 14What is the Favorable balance of trade?an excess of commodity exports over commodity imports
- 15What is the Purpose of Protectionism?to improve economic activity within a domestic economy
- 16What is a Trade bloc with examples?Trade blocs can be standalone accords (like the North American Free Trade Agreement) between multiple governments or a component of a regional organization (such as the European Union).
- 17What is Development Aida type of foreign/international/overseas aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries
Informações
- Descrição
- 9th grade Economics (Globalization ) FlashCards sobre Unit 2 Study Set, criado por Caitlyn Drago em 13-12-2022.
- Criado por
- Caitlyn Drago
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