International Economic
Why do countries specialize in making a certain product? For example, Vietnam and Brazil focuses on Coffee
To increase Productivity and efficiency
What is name of the market to exchange, buy or sell different countries currency?
FX, Forex or currency market
Producing at the lowest opportunity cost
Comparative Advantage
A fiat currency that is used in multiple countries officially and recognized by the government
monetary union
Which NGO provides loans to foreign country, in order to pay for fiscal operation or fiscal debt?
The IMF or World Bank
A corporation that has multiple factories, location or headquarters around the world?
Multi National Corporation (MNC)
Why do business and consumers need foreign currency
For Imports, exports, tourism and international trade
Producing more output with less inputs, for example the USA can build more airplanes than anyone else on the planet, because of productivity
Absolute Advantage
The monetary union in Europe
The Euro
Currently, Argentina owes the World Bank 200 billion, What type of economic policy would get Argentina out of international debt?
Supply-side policy or Demand side policy?
Supply side policy, will increase Argentina to produce more products in the long run
Name a reason why MNC are not wanted in developing countries?
Exploitation of labor
Pollution
Unregulated and not responsible for their actions in a developing country
What is the name of the market to trade crypto currency? For example, Bitcoin, Dogecoin, and Cardano
CX, Cryptocurrency exchanges are websites where individuals can buy, sell, or exchange cryptocurrencies for other digital currency or traditional currency. The exchanges can convert cryptocurrencies into major government-backed currencies,
When Germany exports more goods than imports goods, this creates a Trade..........
Trade surplus
What is the United States largest financial system/ market called
What is a synonym or another word for international debt?
External Debt
The Red Cross, United Nation, and charities are consider what type of organization?
What is a Non Government Organization (NGO)
An international type of monetary reserve asset created by the International Monetary Fund (IMF), to provide liquidity/money supply, thus has five types of currency, it starts with S.....
special drawing rights
When the US imports everything or too much and produces very little exports, we have trade.......
Trade deficit
Currency needed to buy imports or goods abroad and it starts with an R
reserve currency
Why can't countries print money to pay for international debt?
It would cause massive inflation
What type of business sector is Agriculture and Raw material?
Primary Sector
Name a currency that is consider an asset for SDR and is used in France?
Euro
When Exports = Imports in Trade, this is called
Trade Balance
Where the central bank located for the E.U. and the Euro?
Frankfurt, Germany
If Argentina can't pay the 200 billion back to the World Bank, how can the U.N. help Argentina pay back the debt and spur economic growth and development in the LR, This is called: Starts with a D
debt cancellation