Social Review

Question 1

Global Village

Answer 1

The idea that the entire world and its inhabitants are becoming one large community interconnected by technology.

Question 2

Bretton Woods

Answer 2

Created the International Monetary Fund, the establishment of rules.

Question 3

Maquiladoras

Answer 3

Factories tariff-free, processing and manufacturing then exporting finished goods.

Question 4

Primary

Answer 4

Level in which the process of raw goods.

Question 5

Secondary

Answer 5

Level in which manufacturing.

Question 6

Tertiary

Answer 6

Level of services.

Question 7

Quaternary

Answer 7

The level where technology is made ad used.

Question 8

Quaternary

Answer 8

A level where technology is made ad used.

Question 9

Urbanization

Answer 9

Moving from rural to urban areas to increase towns and cities.

Question 10

Human Development Index

Answer 10

Measurement of social and economical development in a country.

Question 11

European Union

Answer 11

the biggest and most powerful common market.

Question 12

Keynes

Answer 12

Believed that unrestricted capitalism caused wars, unemployment and communism.

Question 13

Hayek

Answer 13

Didn’t trust government control and believed supply and demand, valued free trade.

Question 14

Friedman

Answer 14

Less government control, more free markets.

Question 15

World Trade Organization

Answer 15

International organization that works on improving trade relations.

Question 16

Homogenization

Answer 16

The process of making things uniform or similar, tren of uniformity.

Question 17

Free trade

Answer 17

Allowing importing and exporting without any tariffs placed on goods.

Question 18

North American Free Trade Agreement

Answer 18

Canada, U.S.A, Mexico - Improve trade by removing tariffs.

Question 19

Maquiladoras

Answer 19

Factories tariff-free, processing and manufacturing are then exporting finished goods.

Question 20

Flag of convience

Answer 20

A flag waved around in an area the is not the country of the owner.

Question 21

Outsourcing

Answer 21

Hiring another company, usually from another area to do certain jobs.

Question 22

Containerization

Answer 22

Using shipping containers to export and import goods.

Question 23

International Monetary Fund

Answer 23

Works with World Bank to bring stability to affairs and expand world trade.

Question 24

Four Forces of Global Economics

Answer 24

Transportation, trade, technology, and media.

Question 25

Hybridization

Answer 25

Blending media and communications technology resulting in new modes of expression and cross-cultural consumption.

Question 26

Globalization

Answer 26

Process of making the world more interdependent economically, socially, politically, environmentally, and technologically.

Question 27

Media concentration/convergence

Answer 27

Merges of media transnationals that result in a concentration of ownership

Question 28

Interdependence

Answer 28

The dependence of two or more people or things on each other.

Question 29

Transnationals

Answer 29

Corporations that operate in two or more countries.

Question 30

Cultural mosaic

Answer 30

Variety of culture and identity.

Question 31

Democracy

Answer 31

Political system in which the law applies equally to everyone.

Question 32

Traditions

Answer 32

Customs of family or culture.