Poverty
The actual number of poor people below the defined poverty line is know as __________.
What is Absolute Poverty?
The trade model that stresses the role of government in trade and emphasizes the important of balance-of-payment surpluses is the __________.
What is Mercantilist Model?
__________ was the German thinker who pioneered the theories of socialism and communism.
Who is Karl Marx?
__________ was formed by the United States, Canada, and Mexico to promote free trade among them.
What is The North American Free Trade Agreement (NAFTA)?
__________ priests and scholars at the top of the caste system.
What is Brahmans?
__________ is the level of poverty that is based on the society in question.
What is Relative Poverty?
__________ is the theory that each country specializes in producing specific products in order to better trade with other states.
What is Comparative Advantage?
__________ argue that globalization has increased economic growth and decreased global inequality.
Hint: not a specific name
Who is a globalist?
Relaxed patent protection for brand-name drugs by allowing poor countries to manufacture generic medicines is __________ Agreement.
What is Doha?
The second-highest group in the caste system includes those in the military, lawmakers, and rulers are called __________.
What is Ksatriyas?
__________ is defined as living on less than $1 a day.
What is Extreme Poverty?
The __________ theory supports government subsidies of private industry.
What is Strategic Trade?
The Scottish economist and historic proponent of the capitalist system is __________.
Who is Adam Smith?
__________ created in 1947 to promote free trade and to reduce tariffs and other trade barriers.
What is General Agreement on Tariffs and Trade (GATT)?
The third highest group in the caste system was known as __________ which includes, merchants, landowners, industrialists, and artisans.
What is Vaisyas?
The income level under which people cannot adequately sustain themselves is __________.
What is Poverty Line?
A __________ is the difference between the value of goods and services that a country buys overseas and the value of what it sells to other countries.
What is Trade Deficit?
Those who generally perceive globalization as a negative and destructive force that is responsible for the increasing of global inequality and poverty and the declining levels of human welfare are known as __________.
Who is an anti-globalist?
The __________ Agreement was created to develop closer economic and political ties between Brazil and Argentina.
What is Program for Integration and Economic Cooperation (PIEC)?
The laborers and farm workers in the caste system were known as __________.
What is Sudras?
The contrast between those who have and those who do not have access to the Internet and other forms of digital communication is known as the __________.
What Global Digital Divide?
A __________ occurs when the value of exported goods and services is larger than the value of imported goods and services.
What is Trade Surplus?
__________ is a leading financier, philanthropist, and critic of corporate globalization.
Who is George Soros?
The __________ is the trade group created to integrate Latin American economies and foster stronger trading ties with the United States.
What is Mercosur?
__________ were the outcasts excluded from the caste system.
What is the Untouchables?