Ch 15,16,17,21

Question 1

Euro

Answer 1

Currency

Question 2

Fiscal

Answer 2

Balance between taxes and government spending

Question 3

Reserve currency

Answer 3

Stable, trusted money of a major country that is used for international trade

Question 4

Euro dollars

Answer 4

US dollars circulating in Europe

Question 5

EMU

Answer 5

European monetary union devised at Maastricht in 1991

Question 6

ECB

Answer 6

European Central Bank

Question 7

Sovereign debit crisis

Answer 7

A national government owes so much that it could default

Question 8

Default

Answer 8

Country announces it cannot pay its debts

Question 9

Devalue

Answer 9

Currencies worth the declines

Question 10

Austerity

Answer 10

Cutting government expenditures in order to balance budget

Question 11

Bailout

Answer 11

Emergency loan to country or company and difficulty

Question 12

Soft power

Answer 12

Influence to cultural, legal, and moral example

Question 13

NATO

Answer 13

National Atlantic treaty organization 1949

Question 14

UNPROFOR

Answer 14

The 1992-1995 UN protection Force supposed to keep peace in Croatia and Bosnia

Question 15

IFOR

Answer 15

The 1995 Implementation Force

Question 16

KFOR

Answer 16

The 1999 Kosovo Force

Question 17

North Atlantic Treaty

Answer 17

The 1994 treaty of alliance formed NATO

Question 18

Common market

Answer 18

Early and in formal name for European economic community

Question 19

Tariff

Answer 19

Tax on imports

Question 20

Confederation

Answer 20

Political union looser and a federation

Question 21

Technocart

Answer 21

On elected to governing official, usually a financial expert

Question 22

Quota

Answer 22

Numerical limit on imports

Question 23

Subsidy

Answer 23

Government payment to prop up an industry

Question 24

Trade blocs

Answer 24

Geographic regions that trade mostly among themselves and keep non-bloc goods

Question 25

Comparative advantage

Answer 25

the country should make only what they can produce efficiently and trade for other products

Question 26

Dumping

Answer 26

Selling goods a board for less than it cost to produce them

Question 27

Standing committee

Answer 27

Top governing body of China's Communist Party

Question 28

Cadres

Answer 28

Communist members in official positions, backbone of China system (framework)

Question 29

Zhongnanhai

Answer 29

Beijing compound of China's top officials

Question 30

Archipelago

Answer 30

Cluster of islands

Question 31

Totalitarian

Answer 31

Dictatorship that attempts total control

Question 32

Authoritarian

Answer 32

Dictatorial over regime but milder Totaltarian

Question 33

Open door

Answer 33

1900 US policy of China trade open to all and keeping China intact

Question 34

Trade deficit

Answer 34

Buying more from other countries then you sell to them

Question 35

RMB

Answer 35

Renminbi "peoples money", China's currency

Question 36

Rapproachement

Answer 36

French for approaching

Question 37

Meiji

Answer 37

Japan's period of rapid modernization starting in 1868

Question 38

Manchukuo

Answer 38

Japanese puppet stage in Manchuria, 1931 to 1945

Question 39

Non-recognition

Answer 39

Refusal to grant diplomatic recognition

Question 40

Embargo

Answer 40

Ban on shipping goods to certain countries

Question 41

Attaché

Answer 41

Military officer serving in an Embassy

Question 42

Second order consequence

Answer 42

Later impact of a policy choice

Question 43

MITI

Answer 43

Ministry of international trade and industry

Question 44

S curve

Answer 44

Typical pattern of economic growth

Question 45

Deflation

Answer 45

Overall, long-term full of prices

Question 46

Inflation

Answer 46

Overall, long term rise of prices

Question 47

Outsourcing

Answer 47

Moving production to lower-wage countries

Question 48

Peg

Answer 48

To fix one currency in relation to another, the opposite of float

Question 49

Yuan

Answer 49

China's currency

Question 50

Float

Answer 50

To let market forces cause a currency to rise or fall in relation to others

Question 51

Protectionism

Answer 51

Policy of keeping out foreign goods

Question 52

Trade surplus

Answer 52

Selling more to other countries than you buy from them

Question 53

Recession

Answer 53

Transient, short term economic downturn

Question 54

Depression

Answer 54

Major, long term economic down fall

Question 55

Keynesian economics

Answer 55

Government spending to boost consumption and fight recession

Question 56

Exchange rate

Answer 56

How much one currency buys of another

Question 57

Fixed exchange rate

Answer 57

One currently buys a set number of other currencies

Question 58

Floating exchange rate

Answer 58

One currency buys varying number of other currencies

Question 59

Bubble

Answer 59

Market that has gone too high

Question 60

Bretton woods

Answer 60

1944 agreement to fix exchange rates

Question 61

International monetary fund

Answer 61

Makes loans to stabilize currencies

Question 62

World Bank

Answer 62

Makes loans to lift up poor countries

Question 63

Special Drawing Rights

Answer 63

Artificial currency the IMF uses to make loans

Question 64

Conventional wisdom

Answer 64

U examined but widely believed assumptions

Question 65

Purchasing power parity

Answer 65

True worth of currency

Question 66

Victorian

Answer 66

Related to reign Britians Queen of Victoria 1837-1901

Question 67

World Trade Organization

Answer 67

UN-related body, successor to GATT, promotes free trade

Question 68

European Union

Answer 68

Confederation of most of Europe. Began as common market in 1957

Question 69

Transnational

Answer 69

Related to the world as a whole.

Question 70

Collective group

Answer 70

Something that all use free, such as air

Question 71

Arable

Answer 71

Useable for food growing

Question 72

Green Revolution

Answer 72

The 1960s improvements in plant varieties, especially rice

Question 73

Desiccation

Answer 73

Drying out

Question 74

Sahel

Answer 74

Narrow band south of Sahara

Question 75

BTC

Answer 75

Baku-Tbilisi-Ceyhan, pipeline from Azerbaijan through Georgia to the Turkish coast

Question 76

Riparian

Answer 76

Country along and with rights to a river