Economic Globalization
Challenges and Opportunities
Sustainable Prosperity
Civic Responsibility
Acronyms
100

A German Leader who rose to power in WW2

Adolf Hitler

100

What is it called when the government sells public services to a private company?

Privatization 

100

The area of the earths surface that is necessary to sustain the resources used and waste made by humans

Ecological Footprint

100

What is Civic Responsibility 

The responsibilities of a Citizen 

100

What does NAFTA stand for?

North American Free Trade Agreement

200

What is Reparations?

Payment for damages done to countries after war

200

When companies contract out a portion or all of its work to another company (often in a different country) 

Outsourcing

200

Accepting responsibility and taking care of the earths resources

Environmental Stewardship

200

What is an example of a Blood Resource

Diamonds, Oil, Coca, Coffee, Minerals like coltan, gold, tin etc 

- There are natural Resources extracted in conflict zones or a way that compromises human rights

200

What does GDP stand for?

Gross Domestic Product


300

An economic and political model that opposes capitalism 

Communism

300

Is a Crown Corporation Government regulated or Privately regulated

Government (it is the opposite of a private company)

300

A job that is often in underdeveloped countries, pollutes the oceans and can cause deaths due to the hard work and dangerous conditions

Shipbreaking
300

What are measures that protect workers and the enviroment?

Labour Standards

300

What does WTO stand for?

World Trade Organization

400

What is the precursor organization to the World Trade Organization (WTO)

The General Agreement on Tariffs and Trade (GATT)

400

A process when countries reduce or remove trade barriers like tariffs and quotas

Trade Liberalization

400

When the people of a country have everything that they need to be healthy and live good lives in all aspects of life (the economy, environment and social wellbeing), over time

Sustainable Prosperity 

- Quality of Life would be if they have those things currently

400

Name at least 2 out of 5 rights that a human has in the Universal Declaration of Human rights

Political (to participate in political decisions), Civil (To participate in society), Equality (to not be discriminated against), Economic (to have basic needs met), Cultural (to practice traditions)

400

What does the USMCA stand for?

United States Mexico Canada Agreement

- It replaced NAFTA in 2020 to help support North-American jobs and economy (fairer and more balanced trade)

500

This agreement created the World Bank, the International Monetary Fund, and the General Agreement on Tariffs and Trade (WTO precursor) to help re-build economies after the war

Bretton Woods Agreement

500

What is Foreign Investment?

An investment made by a firm or individual into business interests located in another country 

500

What is the purpose of the Paris Agreement?

To lower emissions and the earths temperature

500

What is the gap between peopleā€™s need for new solutions to problems and their ability to supply those solutions called

The Ingenuity Gap

500

What does NGO stand for?

Non - Government Organization

- Non-profits that rely on donations 

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