China Vocabulary Flashcards
(39 cards)
What is a Budget Deficit?
When a government’s expenses exceed its revenue.
A key indicator of a government’s financial health.
Define Trade Imbalance/Deficit.
When a country imports more goods and services than it exports.
This can affect a country’s economy and currency value.
What is a Tariff?
A tax on imported goods, used to protect domestic industries.
Tariffs can increase the price of foreign goods.
What does WTO stand for?
World Trade Organization.
It regulates international trade and resolves trade disputes.
What are Intellectual Property Laws?
Legal protections for inventions, ideas, and creative works like patents and copyrights.
They encourage innovation by protecting creators’ rights.
What is Free Trade?
International trade without tariffs, quotas, or other restrictions.
Promotes economic efficiency and consumer choice.
Define Subsidies.
Government financial support to businesses or industries to lower costs and promote production.
Subsidies can distort market competition.
What are Recalls in a consumer context?
When a product is withdrawn from the market due to safety or quality issues.
Recalls are essential for consumer protection.
What is Foreign Aid?
Money or resources given by one country to another, often for development or disaster relief.
It can be bilateral or multilateral.
Who are Economic Refugees?
People who leave their country to escape poverty and find better living conditions elsewhere.
They often seek better economic opportunities.
What is a Nuclear Arsenal?
A country’s collection of nuclear weapons.
It is a critical component of national security for nuclear powers.
Define Superpower.
A nation with dominant influence or power globally, especially militarily and economically.
Superpowers shape international relations and policies.
What is the International System?
The global structure of political and economic relationships between nations.
It encompasses alliances, conflicts, and trade relationships.
What is the International Arms Market?
The global trade of weapons and military equipment.
It includes both legal and illegal transactions.
Define Offensive Weapon.
A weapon designed to attack rather than defend.
Examples include missiles and bombs.
What is a Coalition?
A temporary alliance between countries for a common goal, often military or political.
Coalitions can enhance collective security.
What is International Law?
Legal rules and agreements that govern relations between countries.
It includes treaties and customary international law.
What are Sanctions?
Penalties or restrictions placed on a country to force policy changes, often economic.
Sanctions can impact trade and diplomatic relations.
True or False: Non-interventionist refers to a policy of avoiding involvement in foreign conflicts.
True.
Non-interventionism emphasizes national sovereignty.
Define Autonomy.
The right or condition of self-government.
Autonomy can apply to regions within a country.
What is a Separatist?
A person or group seeking independence from a larger political entity.
Separatist movements often arise from cultural or ethnic differences.
What is Prison Labor?
Work done by prisoners, sometimes used in state industries or exports.
It raises ethical questions about labor rights.
Define Reunification in the context of China.
The process of bringing together divided regions of a country, like China’s goal with Taiwan.
Reunification remains a contentious political issue.
What characterizes an Open Society?
A society with transparent governance, personal freedoms, and open access to information.
Open societies promote democratic values.
