An agency of the UN that is controlled by its 184 member countries, which provides loans to less developed countries that are in financial difficulty.
What is World Bank
100
G7
What is a group of the seven major industrial democracies that meets at annual summits to discuss economic and foreign policies
100
TNCs
What is Transnational Corporations
100
the destruction of forests by clearing or burning as a result of economic development, such as building roads or conversion to crop-land, or through changes in earth's vegetation due to global warming
What is deforestation
100
the process of reducing barriers to trade
What is trade liberalization
200
A tax imposed on imports to increase their price and thus reduce competition with domestic products.
What is tariff
200
NAFTA
What is 1994 treaty among Canada, The United States, and Mexico to improve trade by removing tariffs and other economic barriers.
200
a market in which government would regulate nothing and all businesses and property could be privately owned
What is free market economy
200
In order to produce one barrel of oil, it takes _____ number of barrels of fresh water.
What is 3 to 5
200
opening an industry to more competition by removing government regulations
What is deregulation
300
A period of reduced economic activity lasting longer than six months
What is a recession
300
IMF
What is International Monetary Fund
300
This event allowed for the economic theory of free market economics to catch on.
What is End of the Cold War
300
While the demand for oil and gas grows, the supply of these resources is limited. When a barrel of oil is burned, it is gone forever. In time, the supply of _____________ ___________will run out.
What is fossil fuels
300
providing debt relief for less developed countries
What is World Bank or IMF
400
The obligation to maintain resources in a sustainable manner.
What is stewardship
400
WTO
What is World Trade Organization
400
Two synonyms for planned economy
What is command or communist
400
_______________ _________ in Canada can prevent a company from dumping waste into freshwater lake.
What is environmental laws/legistlation
400
_____________ occurs when one company hires another company to fulfill certain tasks in production resulting in job loss at home.
What is outsourcing
500
An agreement forged after WWII in New Hampshire, by 44 countries to establish a system of rules, institutions, and procedures for the postwar global economy.
What is Bretton Woods Agreement
500
GATT
What is an international general agreement between 1947 and 1995 that aimed to reduce trade barriers among member countries. It later became the WTO
500
government owned companies in Canada.
What is crown corporations
500
The Canadian government has been concerned about the impact of foreign investment on the country's economic independence and identity. This concern is called ______________ _____________