ECONOMIC GLOBALIZATION
ECONOMIC ORGANIZATIONS
ENVIRONMENTAL ISSUES
ECONOMISTS AND WHAT THEY ADVOCATE FOR
GENERAL KNOWLEDGE
100
What does this political cartoon represent?
the gold standard
100
what is the world bank?
Its role is to reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people (long term loans)
100
True or false the industrial revolution has had a negative impact on climate change
true
100
adam smith advocated for _______ and created the economic theory the “___________ hand”
free economy/free market
invisible
100
What's the difference between free trade and fair trade?
free trade:policies that permit inexpensive imports and exports, without tariffs or other trade barriers
fair trade:trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers.
200
What was the industrial revolution?
A period of rapid mechanization and urbanization in the 18th-19th centuries, which resulted in mass production and mass consumption
200
how does the WTO harm poor nations
through the agreements (must cut n social programs)
200
what is this political 
cartoon criticizing?
the paris agreement
200
who would agree with this quote Hayek or keynes "we must make the building of a free society once more an intellectual adventure a deed of courage"
hayek
200
Whats the boom and bust cycle?
how the economy fluctuates, boom=good economy bust=bad economy
300
is outsourcing
1)companies use local providers over other providers for goods/services
2)companies use other providers over local providers for goods/services
3)looking for a place to build new buildings
4)workers treated unfair and underpaid
2)companies use other providers over local providers for goods/services
300
True or false the IMF is an economic organization that gives out long term loans to poorer nations?
False, The IMF gives out short term loans and gives advice/help to get countries out of poverty.
300
what does this cartoon represent?
the industrial revolution harming the climate through pollution
300
what is free trade
1) trading things free of cost
2)international trade left to its natural course with lots of tariffs, quotas, and other restrictions
3) international trade left to its natural course without tariffs, quotas, or other restrictions.
3) international trade left to its natural course without tariffs, quotas, or other restrictions.
300
What are the negative impacts of sweatshops on the workers?
-low wages
-poor working conditions
-long working hours
-child labour
400
What is protectionism?
Protecting local economies from outsourcing creating local jobs and tariffs on imported goods
400
What is NAFTA and USMCA and name one difference.
NAFTA:Free trade agreements between canada usa and mexico
USCMA::support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America.
DIFFERENCE: usmca will be reviewed in 6 years and will last for 16
400
what negative impact does alberta oil sands have on the environment
degradation of forests and parts of the Athabasca River watershed.
400
Who was adam smith
Economist who believed in free market economy
400
What are BRICS nations and what do they do?
BRICS stands for Brazil, Russia, India, China, South Africa. Its purpose is to promote peace, security, development, and cooperation.
500
What are imports/exports and give an example of each
import:bring (goods or services) into a country from abroad for sale
ex bringing tropical fruits to canada
export:send (goods or services) to another country for sale.
ex.selling oil to other countries
500
What are tariffs/trade barriers and how does gatt affect them
a tax on imports or exports of goods between countries this is affected by gatt because is is the general Agreement on Tariffs and Trade
500
india is one of the world's biggest economy's and it is causing major environmental concerns like__________________ and _______________
speeding up climate change and pollution
500
which economist was most shift right,most shift left and most middle?
right:marx
left:hayek/friedman
middle:ricardo
500
How do multinational corporations impact globalization?
sustains international trade and fosters greater economic integration among countries