Chapter 11 definitions

Question 1

Gross domestic product?

Answer 1

the total value of goods and services produced in a country in a calendar year

Question 2

Group of eight (G8)?

Answer 2

group of the eight major industrial democracies that meet at annual summits to discuss economic, foreign policies

Question 3

Global governance

Answer 3

a global system of rules to manage global affairs. It is not global government

Question 4

The Canadian international development agency (CIDA)

Answer 4

government agency responsible for administering foreign aid programs in less developed countries

Question 5

Subsidiary

Answer 5

a company that is controlled by a parent company

Question 6

Human capital

Answer 6

the knowledge, skills and talents that workers have

Question 7

intermodal transportation

Answer 7

a system in which several types of transportation are used to move freight, especially when the starting point and ending point are far apart

Question 8

container

Answer 8

standardized units for carrying freight that can be transferred directly to truck trailers or rail cars. They offer security as well