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The British government provided charters to various companies that gave them monopolies on trade in certain parts of the world. The government would also give these companies exclusive access to sell to their colonies. These companies would then share part of their revenue with the British government. This is an example of what economic theory?
An economic policy that stresses trade protectionism and intends to send the problems of protectionism to other countries is know as
A plan by which a country balances its budget by cutting all non-essential spending is known as a(n):
___ can be particularly destabilizing for governments. As prices continue upward, citizens feel like they are no longer able to afford basic staples; dissatisfaction with the government increases as well.
The international economic system set up after World War II to promote capitalism, free trade and economic growth is known as
One problem with the General Agreement on Tariffs and Trade (GATT) was
When we speak of the broadening of globalization, we mean
We refer to an economic policy of blocking or restricting trade from other countries in order to provide advantages to domestic industries as
A situation where a government runs out of cash and is unable to make minimum payments on its debt is known as a(n)
The preferential trading status that members of the General Agreement on Tariffs and Trade gave to each other was known as
One reason a country might choose to manipulate their currency to make it cheaper is
Currency rates that are allowed to change minute-by-minute in response to supply and demand are said to
The iPod, developed in the United States, manufactured in China, shipped through South Korea, and marketed and sold around the world, is an example of
The shift from agriculture to industrial production in the 1800s was known as the
Country X is a state where the government controls all businesses and decides what will be produced, and when and how much it will cost once it reaches market. This is an example of what type of economy?
Countries that place safety restrictions on what can be imported are engaging in a form of a(n)
The economic ideas of Adam Smith and David Ricardo, among others, form the foundation of which theory?
Which economic theory believes that state and private businesses should be as separate as possible?
Economic integration can lead to what type of peace?
Cutting off foreign support to a country in order to get it to change its behavior is known as what kind of sanction?
The fact that Afghanistan receives the most developmental aid in the world shows that
What development has made financial sanctions more difficult in the past thirty years?
After the Iranian government took control of American hostages in 1979, the United States froze all Iranian bank accounts in the United States. This is an example of what type of sanction?
____ is the name of the organization created to represent the interests of African states.
Which of the following represents the most extreme step a country could take in trying to eliminate trade with another country?
The international organization composed of states in the North and South American continents is the
One economic reason that Japan attacked Pearl Harbor in 1941 was
One of the major factors affecting the success of humanitarian aid is
Targeting sanctions against a neutral country that does business with the primary target of the sanctions is known as
Which of the following best summarizes the impact sanctions have on a targeted state’s economy
The freezing of a country's assets held in another country is known as what kind of sanction?
If an economically powerful state wished to influence an economically weaker ally, they might try to use
Smart sanctions are _____ regular sanctions.
Sanctions that reduce or completely cut off goods coming into and/or out of a target country are known as
Which of the following best summarizes the relationship between development aid and economic growth?
Which of the following best summarizes the typical reaction of leaders in states targeted by sanctions?
They tighten their grip on power and become more authoritarian
According to the textbook, the main reason that countries use sanctions regardless of their questionable effectiveness is because
A tax on products imported from one country into another is called a(n)
Money can be used to threaten, to persuade, and to encourage. This is an example of how money is
Which of the following is NOT a determinant of military aid according to the text?
The United States cuts monetary assistance to Colombia because it believes Colombia is not doing as much as it should to combat the illegal drug trade. This is an example of what kind of sanction?
Scholars estimate that what percentage of sanctions meet their goals at a modest or greater level?
The organization responsible for monitoring compliance with nuclear non-proliferation is the
Sanctions that specifically target leaders of a country and not citizens are known as:
In 2003 the UN prohibited countries from selling weapons to the Democratic Republic of the Congo. This is an example of a(n)
Hugo Chavez taking control of oil fields in Venezuela from Western oil companies on behalf of the Venezuelan government is an example of
Purchasing a foreign company to make it part of your supply chain is known as
Early European colonies _____ later European colonies.
A modified form of import substitution industrialization that focused on promoting the production of competitive exportable goods was known as
One measure of a country’s development is its
The economic theory popular in the 1950s and 1960s that said that countries should develop along a path similar to Europe and North America was
A(n) ______ involves overthrowing the government and is very often done by the military.
Using state funds to pay off private or semi-private supporters is known as
Which organization would be most likely to be responsible for handling an outbreak of a new disease?
One important measure of poverty used by the UN is the percentage of people in a country living on less than ____ dollars a day.
One weakness of world systems theory is that
Microcredit tends to benefit which of the following groups the most?
More people die from ____ than from war.
The process of maintaining control over smaller, developing countries by keeping strong, dependent links to their government is known as
A Gini coefficient of 0 means
Modernization theory failed in part because
there were already lots of developed countries that provided competition
When a company in one country invests in a company in another country and gains control of the company by doing so, we call it
The economic theory that stresses developing one’s economy through cutting off international trade and replacing it with protectionist domestic production is
A wealthy country that tends to produce manufactured goods and services for export is known as a(n)
Cost of living in Mexico is much lower than in Norway. Thus to make sense of differences in GDP per capita we need to adjust for that fact. Making such an adjustment is an example of which concept
The country in which a multinational corporation owns other companies is known as the
The three components of the Human Development Index (HDI) are
GDP per capita, life expect, education levels
_____ are loans from the International Monetary Fund that come with specific policies and adjustments that receiving countries must make.
One measure for gauging the inequality within a country is
Historical and environmental factors that affect a country’s development are known as what kinds of factors?
We refer to the concept that having an abundance of a valuable material like oil in your country might hinder your country’s economy as a(n)
The Big Mac Index is a quick way of measuring
Roughly what percentage of the world’s population lives below what would be defined as the poverty line in the United States?
One major criticism of the _____ was that it was a “top-down” approach that prescribed a one-size-fits-all magic bullet approach to economic development.
McDonald’s expands into China and opens chains in the country. This is an example of
Canada can disagree more easily with China’s human rights policies than Bangladesh can because Canada is less vulnerable to economic coercion. Canada’s actions are best an example of
The new emphasis on free market economics that rose to prominence in the 1980s was called
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