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social 10 > vocab 3 + 4 > Flashcards

vocab 3 + 4 Flashcards

(98 cards)

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1
Q

hayek

A
  • procapitalism
  • mistrusted government control
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2
Q

keynes

A
  • advocated for government intervention in the economy
  • promoted consumption
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3
Q

friedman

A
  • originally supported keynes but changed his mind
  • advocated against government control
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4
Q

IMF

A

international monetary fund
- funded through quotas
- a country’s quota is based on the size
- USED TO BAIL OUT ECONOMIES

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5
Q

world bank

A
  • provides loans to countries in need
  • USED TO BUILD UP ECONOMIES
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6
Q

gross domestic product

A

total value of all the goods and services produced in an economy

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7
Q

GDP per capita

A

GDP divided by the population

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8
Q

G7

A

an intergovernmental organization
- US
- germany
- japan
- the UK
- france
- italy
- EU
- canada
suspended: russia

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9
Q

agribusiness

A

covers the production, processing, and distribution of farm-based goods

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10
Q

bretton woods conference

A
  • 1944
  • established the IMF and the world bank
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11
Q

outsourcing

A

ex. job loss, unlivable wages, inequality, promotion of poverty

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12
Q

tariff

A

taxes that dicourage bringing in imports from abroad

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13
Q

NAFTA/USMCA

A

north american free trade agreement
* 1994
encourages trade between:
- US
- mexico
- canada

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14
Q

free market economy

A
  • no government intervention
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15
Q

global supply chains

A
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16
Q

shipbuilding/shipbreaking

A
  • bangladesh
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17
Q

stewardship

A

accepting responsibility for ensuring that resoures remain stable

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18
Q

united nations (UN)

A
  • 1945
  • to increase political and economic cooperation among its member countries
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19
Q

multinational/transnational

A

involving several countries or individuals

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20
Q

protectionism

A
  • policy of protecting industries from foreign competition
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21
Q

trade liberalization

A

the removal of restrictions on free exchange of goods between nations

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22
Q

interdependence

A

the state of beign dependant upon one another

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23
Q

recession

A

a period of economic decline
- 2 successive quarters of GDP reduction

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24
Q

kyoto protocol

A
  • 1997
  • 141 countries
    international treaty on climate change
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25
paris agreement
* 2015 - international treaty on climate change - working towards reduction in greenhouse gas emissions
26
deregulation
removal of regulations
27
adam smith
- private ownership - competition - CAPITALISM -
28
GATT/WTO
general agreement on tariffs and trade renamed world trade organization
29
european union (EU)
* 1991 - promotes security and justice - works to create free trade zones - britain recently left
30
free trade
international trade without restrictions
31
human development index (HDI)
- life expectancy - education/literacy - GDP per capita
32
import
recieving good and services abroad
33
export
selling goods and services abroad
34
knowledge economy
economy is measures based on quality, quantity and accessibility of the information NOT production
35
sustainability
the ability to be maintained at a certain rate
36
privatization
transfer of public to private busniss ownership
37
karl marx
- communism - public ownership
38
OPEC
organization of the petroleum exporting countries * 1960 - 14 oil rich member states control close to 40% of the worls oil population
39
UNICEF
united nations international childrens emergency fund - to overcome poverty, violence, disease, and discrimination in a childs path
40
human rights watch
to uphold human dignity and advance the cause of human rights
41
amnesty international
for the protection of human rights
42
non - governmental organizations (NGO's)
- depends on volunteers and donations - recieve grants or contracts from the gov. - targets more specific goals
43
epidemic
sudden increase in a disease (specific for a single population)
44
pandemic
an epidemic that affects a large number of people
45
human trafficking
the recruitment, transportations of people through force or fraud - aims to exploit them for profit
46
referendum
direct vote by the electorate
47
inalienable rights
something that is not transferable or able to be taken away
48
subsidies
direct or indirect payment to individuals or firms
49
G20
- canada - australia - indonesia - saudi arabia - italy - argentina - brazil - united kingdom - russia - turkiye - south korea - south africa - US - germany - china - japan - france
50
- procapitalism - mistrusted government control
hayek
51
- advocated for government intervention in the economy - promoted consumption
keynes
52
- originally supported keynes but changed his mind - advocated against government control
friedman
53
international monetary fund - funded through quotas - a country's quota is based on the size - USED TO BAIL OUT ECONOMIES
IMF
54
- provides loans to countries in need - USED TO BUILD UP ECONOMIES
world bank
55
total value of all the goods and services produced in an economy
gross domestic product
56
GDP divided by the population
GDP per capita
57
an intergovernmental organization - US - germany - japan - the UK - france - italy - EU - canada suspended: russia
G7
58
covers the production, processing, and distribution of farm-based goods
agribusiness
59
- 1944 - established the IMF and the world bank
bretton woods conference
60
ex. job loss, unlivable wages, inequality, promotion of poverty
outsourcing
61
taxes that dicourage bringing in imports from abroad
tariff
62
north american free trade agreement * 1994 encourages trade between: - US - mexico - canada
NAFTA/USMCA
63
- no government intervention
free market economy
64
global supply chains
65
- bangladesh
shipbuilding/shipbreaking
66
accepting responsibility for ensuring that resoures remain stable
stewardship
67
* 1945 - to increase political and economic cooperation among its member countries
united nations (UN)
68
involving several countries or individuals
multinational/transnational
69
- policy of protecting industries from foreign competition
protectionism
70
the removal of restrictions on free exchange of goods between nations
trade liberalization
71
the state of beign dependant upon one another
interdependence
72
a period of economic decline - 2 successive quarters of GDP reduction
recession
73
* 1997 - 141 countries international treaty on climate change
kyoto protocol
74
* 2015 - international treaty on climate change - working towards reduction in greenhouse gas emissions
paris agreement
75
removal of regulations
deregulation
76
- private ownership - competition - CAPITALISM -
adam smith
77
general agreement on tariffs and trade renamed world trade organization
GATT/WTO
78
* 1991 - promotes security and justice - works to create free trade zones - britain recently left
european union (EU)
79
international trade without restrictions
free trade
80
- life expectancy - education/literacy - GDP per capita
human development index (HDI)
81
recieving good and services abroad
import
82
selling goods and services abroad
export
83
economy is measures based on quality, quantity and accessibility of the information NOT production
knowledge economy
84
the ability to be maintained at a certain rate
sustainability
85
transfer of public to private busniss ownership
privatization
86
- communism - public ownership
karl marx
87
organization of the petroleum exporting countries * 1960 - 14 oil rich member states control close to 40% of the worls oil population
OPEC
88
united nations international childrens emergency fund - to overcome poverty, violence, disease, and discrimination in a childs path
UNICEF
89
to uphold human dignity and advance the cause of human rights
human rights watch
90
for the protection of human rights
amnesty international
91
- depends on volunteers and donations - recieve grants or contracts from the gov. - targets more specific goals
non - governmental organizations (NGO's)
92
sudden increase in a disease (specific for a single population)
epidemic
93
an epidemic that affects a large number of people
pandemic
94
the recruitment, transportations of people through force or fraud - aims to exploit them for profit
human trafficking
95
direct vote by the electorate
referendum
96
something that is not transferable or able to be taken away
inalienable rights
97
direct or indirect payment to individuals or firms
subsidies
98
- canada - australia - indonesia - saudi arabia - italy - argentina - brazil - united kingdom - russia - turkiye - south korea - south africa - US - germany - china - japan - france
G20

social 10 (3 decks)

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