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Social-Studies-10
Social-Studies-10-RI3
| Question | Answer |
|---|---|
| Define Transnational Corporation | A corporation operating in two or more countries |
| Define Urbanization | Growth of towns and cities, as people migrate from rural areas in search of work and other opportunities |
| Define The World Trade Organization | Established to promote free trade and to help reduce trade barriers (tariffs) |
| Define The World Bank | Part of United Nations established in 1944 to fight poverty by promoting economic development |
| 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 |
| 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 |
| Whats a Crown Corporation? | A corporation owned by the government |
| Define the Bretton Woods Agreement | Agreement established a system of rules, institutions, and procedures for the postwar global economy |
| 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 |
| Whats a fixed exchange rate? | A rate set by the government |
| 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 |
| What is Inflation? | Inflation is when the countries prints out more currency and leads to the currency buying less |
| 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 |
| Define Centrally Planned Economic System | Government planners decided what goods to produce, and how much |
| Define Mutual Funds | When a company combines its clients money and invests it in a collection of stocks, bonds, and other securities |
| Whats a Recession? | A period of a reduced economic activity lasting longer than six months |
| Define Group of Eight (G8) | An informal group of the eight major industrial democracies |
| Define Subsidiaries | Companies controlled by the parent company |
| 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 |
| What does it mean when a country nationalizes an industry? | It means that the government takes over from private owners |
| Define Trade Liberalization | Process of removing barriers to trade |
| Whats Deregulation? | Deregulation is when you open the industry to more competition by removing government regulations |
| Define Deforestation | The destruction of forests by clearing or burning as a result of economic development |
| Define Agribusiness | Large-scale agricultural businesses like factory farms or feedlots |
Created by:
ChristopherMah
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