Economics
If a railroad is owned by a private business owner who competes against others to earn a profit, it is an example of this economic system.
What is Capitalism?
This term describes the process by which businesses and cultures spread across the world, creating a more connected global economy.
What is globalization?
Located on the southern half of a peninsula in East Asia, this nation’s capital city, Seoul, is home to nearly 10 million people.
What is South Korea?
Headquartered in Geneva, Switzerland, this organization (abbreviated WTO) deals with the global rules of trade between nations.
What is World Trade Organization?
Abbreviated as the USSR, this large nation was the world's most powerful communist state until it dissolved in 1991."
What is the Soviet Union?
When a government owns and operates a major utility like an energy company to provide services to the public, it is practicing this economic system.
What is Socialism?
In this record-breaking South Korean series, 456 contestants in deep debt play deadly versions of children's games like 'Red Light, Green Light' for a massive cash prize.
What is Squid Game?
This neighbor to the east shares the Thar Desert with Pakistan and was once part of the same country until the 'Partition' of 1947.
What is India?
This is a tax imposed by a government on goods imported from other countries, often used to make foreign products more expensive than local ones.
What is a tariff?
This circle of latitude, known by its numerical name, serves as the boundary that divides the communist North and the democratic South on the Korean Peninsula.
What is the 38th Parallel?
This German philosopher and author of The Communist Manifesto is credited with developing the theory of communism.
Who is Karl Marx?
This two-word term describes a 'coercive' approach to international relations that uses military intervention or economic sanctions to get other nations to do what you want.
What is Hard Power?
Bordered by Turkey to the north and Lebanon to the west.
What is Syria?
Many economists argue this group of people actually 'suffered' most in the 2019 Trade War because they paid for the tariffs through higher prices on everyday goods.
Who are American consumers (or taxpayers)?
While the Nationalists fled to Taiwan, this political party remained on the mainland to establish a new government in 1949.
What is the Chinese Communist Party?
Under this economic system, the government owns all land and property, and there is no private ownership of businesses or stores.
What is Communism?
Unlike military force, this type of power uses culture, food, and entertainment—like K-Pop, Hollywood movies, or the Olympics—to persuade other nations and win 'hearts and minds'.
What is Soft Power?
Once known as Ceylon, this tear-drop-shaped island nation is located in the Indian Ocean, just off the southern coast of India.
What is Sri Lanka?
Contrary to what some expected, the answer is 'No' regarding whether this 46th President removed the trade war tariffs placed on China between 2016 and 2020.
Who is Joe Biden?
This leader of the Communist Party defeated the Nationalists in 1949 and established the People's Republic of China.
Who is Mao Zedong?
Representing the state of Vermont, this longest-serving Independent in congressional history describes himself as a 'Democratic Socialist' and twice ran for president in 2016 and 2020.
Who is Bernie Sanders?
The official ball of the FIFA World Cup is designed by a German company, manufactured in factories in Pakistan and China, and sold in over 100 countries, making it a perfect example of this global economic process.
What is globalization?
Bordered by China to the east and Afghanistan to the south, this landlocked nation is the smallest in Central Asia by area and is dominated by the Pamir Mountain range.
What is Tajikistan?
In 2001, the U.S. supported China's entry into the WTO in hopes that trade would help integrate China.
What is global economy and democracy?
Spanning from the Persian Gulf to the Mediterranean Sea, this region is often called the 'Cradle of Civilization' because it is where settled farming and the first empires began.
What is the Fertile Crescent?