Social-Studies-10-RI3
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each of the black spaces below before clicking
on it to display the answer.
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| Define Transnational Corporation | A corporation operating in two or more countries
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| Define Urbanization | Growth of towns and cities, as people migrate from rural areas in search of work and other opportunities
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| Define The World Trade Organization | Established to promote free trade and to help reduce trade barriers (tariffs)
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| Define The World Bank | Part of United Nations established in 1944 to fight poverty by promoting economic development
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| Define United Nations | An international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and the achieving of world peace
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| Define International Monetary Fund | Agency of the United Nations established in 1944 in order to help world economy by encouraging countries to adopt sound policies affecting exchange rates and currency values. They promote trade
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| Whats a Crown Corporation? | A corporation owned by the government
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| Define the Bretton Woods Agreement | Agreement established a system of rules, institutions, and procedures for the postwar global economy
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| The Bretton Woods Agreement led to? | The international monetary system which was a global network where institutions promote international trade and regulate the currency among Western countries
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| Whats a fixed exchange rate? | A rate set by the government
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| Define Gold Standard | Where all printed money such as the paper dollar could be converted to gold and could be cashed for gold at any time
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| What is Inflation? | Inflation is when the countries prints out more currency and leads to the currency buying less
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| What are floating exchange rates? | This means that the exchange rate is no longer fixed by the government, but has found its own value in the foreign exchange market
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| Define Centrally Planned Economic System | Government planners decided what goods to produce, and how much
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| Define Mutual Funds | When a company combines its clients money and invests it in a collection of stocks, bonds, and other securities
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| Whats a Recession? | A period of a reduced economic activity lasting longer than six months
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| Define Group of Eight (G8) | An informal group of the eight major industrial democracies
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| Define Subsidiaries | Companies controlled by the parent company
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| Whats the difference between capital-intensive production and labour-intensive production? | Capital-intensive production is the use of machinery and labour-intensive production is work done by hand
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| What does it mean when a country nationalizes an industry? | It means that the government takes over from private owners
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| Define Trade Liberalization | Process of removing barriers to trade
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| Whats Deregulation? | Deregulation is when you open the industry to more competition by removing government regulations
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| Define Deforestation | The destruction of forests by clearing or burning as a result of economic development
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| Define Agribusiness | Large-scale agricultural businesses like factory farms or feedlots
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Created by:
ChristopherMah
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