Globalization
Globalization is:
is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade
The beautiful state of ________is named after the Ioway tribe.
Iowa
What is the definition of corn?
A North American plant, that yields large grains, and set in rows. It is used in many products, and highly valued for livestock and human consumption.
What is the definition of a family farm?
A farm that is owned and operated by a family, especially one that has been handed down from one generation to another.
What is the definition of Economic Decisions?
The process of identifying alternative options and comparing benefits vs. cost in order to make the best choice
How many jobs in Iowa are supported by international trade?
379,400
The Ioway Tribe is also known as?
Iowa and Baxoje
In 2022 ________bushels of corn were grown.
2.5 billion
What is the definition of factory fam?
A system of rearing livestock using intensive methods, by which poultry, pigs, or cattle are confined indoors under strictly controlled conditions.
What is an example from the notes on an individual economic decision?
Where to work and what to buy at the store
Which Country receives the most exports from Iowa Agriculture:
A: Canada
B: Mexico
C: Japan
D: Germany
Canada: 4.1 billion
How many Ioway tribes are active today and where are their locations?
There are two and they are located in Oklahoma and Kansas/Nebraska
What is CSR?
A management concept where companies integrate social and environmental concerns in their business operations and interactions with stakeholders.
What is 1871
What is the definition of a business economic decision and an example from the notes?
Business- Economic decisions made by a company that typically affects their production, distribution, and cost. What to sell or where they are located
What is the definition of trade:
It determines what you can buy and where you can work
During the Summer, the Ioway tribe used _______ as their homes and they used____________in the Winter.
What is bark homes and mat houses.
Besides corn, which other crop is most commonly grown in Iowa?
Soybeans
How does the USDA classify a "Factory farm"?
An industrial facility that raises large numbers of farm animals such as pigs, chickens or cows in intensive confinement where their movements are extremely inhibited.
What is the definition of supply and demand?
The amount of product or service created compared to how much people want it.
What is the definition of WTO and how many countries belong?
The WTO is an intergovernmental organization that creates global trade rules and settles disputes between countries. 164 countries belong.
What are the 5 crops grown by the Ioway Native Americans, that are still grown today.
corn, beans, squash, pumpkins, and sunflowers.
Name the most popular product made out of corn?
What is popcorn
In 2018, Iowa had ________ family farms, with ______ acres?
What is 88,000 and 359.
If the demand for an item is high but the supply is low, the product/service will cost more. What if the supply is high and demand is low? What is an example from the notes?
If the demand for a product/service is low but the supply is high, the product/service will cost less. A company makes a pair of shoes that no one likes so they are put on clearance