Chapter 5&6 Test

Question 1

What is NAFTA?

Answer 1

The north american free trade agreement.

Question 2

Who is involved in NAFTA?

Answer 2

Canada, USA and Mexico.

Question 3

What is the population of Canada?

Answer 3

33.3 million

Question 4

What language do Canadians speak?

Answer 4

English, French

Question 5

What is the GDP of Canada?

Answer 5

1,501 billion

Question 6

How many jobs are created in Canada with NAFTA?

Answer 6

4.3 million jobs.

Question 7

What is the population of the US?

Answer 7

304.1 million

Question 8

What language do they speak in the US?

Answer 8

English

Question 9

What is the GDP?

Answer 9

14,441 GDP

Question 10

How many jobs are created in the US?

Answer 10

25.1 billion

Question 11

What is the population of Mexico?

Answer 11

106.7 million population

Question 12

What is the language in Mexico?

Answer 12

Spanish

Question 13

What is the GDP of Mexico?

Answer 13

1087 billion

Question 14

How many jobs in Mexico are created?

Answer 14

9.3 million

Question 15

What is the FTA?

Answer 15

Free trade agreement

Question 16

What is the FIPA?

Answer 16

Foreign investment promotion and protection agreement

Question 17

Countries in the FTA

Answer 17

Honduras, Chile, Korea, Lebanon

Question 18

Countries in the FIPA

Answer 18

Argentina, Uruguay, Venezuela, Mali, Thailand, Russia, Poland, Romania

Question 19

Countries in the EU

Answer 19

Sweden, Finland, Ireland, UK, Netherlands, Denmark, Belgium, Germany, France, Spain, Portugal, Italy, Macedonia, Greece, Turkey, Hungary, Romania, Bulgaria, Luxembourg, Poland, etc.

Question 20

Countries that use the euro

Answer 20

Portugal, Spain, France, Italy, Finland, Estonia, Latuia, Lithuania

Question 21

Advantages of NAFTA common currency.

Answer 21

Stability for exporters, importers, tourists, investors and creditors. Eliminates the risk of exchange rates and eliminates the cost and inconvenience of constantly converting currency. Common trade is less east west.

Question 22

Disadvantages of NAFTA common currency.

Answer 22

Low canadian dollar, us customers are attracted to cheap.

Question 23

WTO

Answer 23

• 164 members since july 29th, 2016
• rules of trade between nations
• wants trade to go smoothly, predictably and freely
• provide financial assistance to developing countries
• countries need to increase share

Question 24

APEC (asia-pacific economic cooperation)

Answer 24

• 21 members
• 1989
• australia, chile, china, japan, etc.
• facilitate economic growth and prosperity in the region
• promoting regional economic integration
• encouraging economic and technical cooperation
• enhancing human security

Question 25

G7

Answer 25

- largest industrialized democracies - us, canada, france, germany, italy, japan and uk - no russia - discuss global economic governance, international security, and every policy - trade more because most wealthy countries are involved

Question 26

G20

Answer 26

- 19 countries + the EU - address economic growth issues - want more economic growth - improve women's economic empowerment - strengthen resilience of the global financial system

Question 27

OECD (organization for economic cooperation and development)

Answer 27

- 35 members - promote policies that will improve the economic and social well being of people around the world - enhance capacity of partner countries to incorporate migration

Question 28

World Bank

Answer 28

- all countries or most - have to join IMF - economic development - 12,700 projects - pacific regional connectivity program - madagascar, public finance, stability - rapid employment solomon islands

Question 29

IMF

Answer 29

- 189 countries - foster global monetary cooperation - secure financial stability - facilitate trade - reduce poverty - carribean financial management - strengthening national bank of ukraine

Question 30

OPEC

Answer 30

- petroleum exporting - algeria, angola, ecuador, gabon, iran, iraq, kuwait, libya, nigeria, qatar, saudi arabia, united arab emirates and venenzuala - coordinate and unify petroleum policies - develop innovative global monitoring products

Question 31

What is CSR

Answer 31

corporate social responsibility

Question 32

What is CSR

Answer 32

-voluntary activities undertaken by a company to operate in an economic, social and environmentally sustainable manner

Question 33

CSR principles

Answer 33

- providing a safe and healthy work environment - adopting fair labour policies - donating to charity - protecting the environment - avoiding price discrimination - being truthful in advertising

Question 34

CSR benefits

Answer 34

- market yourself - attract and keep good employees - choose what to do

Question 35

CSR criticisms

Answer 35

- cost money - time and energy - maybe not always ethical

Question 36

why is roots international

Answer 36

- stores across the world | - international manufacturing facilities

Question 37

how does roots follow CSR

Answer 37

- stringent workplace code of conduct - high standards - dignity, well being and rights of workers - safe and healthy working conditions

Question 38

how is roots involved in CSR

Answer 38

- jane goodall foundation (wildlife research) - right to play (child development using sports) - waterkeeper alliance (protect lake ontario)

Question 39

what is imperialism

Answer 39

-a policy of extending a country's power and influence through diplomacy

Question 40

what is relativism

Answer 40

knowledge, truth and morality exist in relation to culture, society or historical context

Question 41

NGO's

Answer 41

non profit organizations which is mostly composed of volunteers

Question 42

examples of NGOS are

Answer 42

free the children, fair-trade labelling organization, ten thousand villages, international organization for standardization and acumen fund