3 Week Test 14/11/22

Question 1

Actors

Answer 1

Players on the world stage that participate in global governance, exercise power, make decisions, solve problems and improve lives

Question 2

Agrotechnologies

Answer 2

The application of modern technologies, such as irrigation technology to agriculture

Question 3

Antarctic convergence

Answer 3

a natural boundary in the Southern Ocean which loops
all the way around the Antarctic continent and separates cold north-flowing waters from the warmer waters of the subantarctic

Question 4

Banana Republic

Answer 4

A country whose economy is dependent on one or few commodities, often leading to a politically unstable state

Question 5

Bandwidth Throttling

Answer 5

The deliberate slowing of internet service by an internet service provider (ISP)

Question 6

Bilateral

Answer 6

Between two parties

Question 7

Bioprospecting

Answer 7

The process of discovery and commercialisation of new products based on biological resources

Question 8

Colonialism

Answer 8

The policy or practice of a power extending control over weaker nations or people

Question 9

comparative advantage

Answer 9

when a country specialises in producing only those
goods that can be produced efficiently and at the lowest opportunity cost

Question 10

Council of the European Union

Answer 10

represents the governments of member countries and
promotes/defends national interests. The government
ministers share power over EU budget and legislation
with the European parliament

Question 11

de-skilling

Answer 11

when traditional skills and crafts may be lost when
production technology replaces manpower

Question 12

Doha Development Round

Answer 12

the trade-negotiation round of the WTO that began in
2001 (also known as the Doha Round or the Doha
Development Agenda)

Question 13

Domain

Answer 13

a territory or activity over which control is exercised

Question 14

domestic monopoly

Answer 14

when a single firm controls a large proportion of the
domestic market (25% or greater). This may mean
domestic prices are kept high as there is less competition

Question 15

Dutch disease

Answer 15

the negative consequences as a result of large increases in a country’s income. It is usually associated with the discovery of natural resources, particularly oil reserves, but can also result from any large increase in foreign currency such as FDI

Question 16

economies of scale

Answer 16

the ability to reduce costs proportionately by increasing the scale of production

Question 17

empowerment

Answer 17

to give power or authority to someone. Female
empowerment involves the fuller participation of women in a nation’s economy and society

Question 18

European Commission

Answer 18

an executive body that is responsible for proposing and implementing EU laws, monitoring treaties and the day- to-day running of the EU. Members are appointed by EU national governments

Question 19

European Council

Answer 19

sets the EU’s overall political direction and priorities. It is made up of the heads of state or government of EU
member countries

Question 20

European Parliament

Answer 20

represents the 500 million EU citizens and is directly
elected by them. Adopts the laws proposed by the
Commission. Shares power over EU budget and
legislation with the Council of the European Union

Question 21

Fairtrade

Answer 21

a value-based organisation and trademark that aims to
tackle injustices of the globalised economy. Fairtrade
aims to pay farmers a guaranteed minimum price, offer
fair terms of trade and make payment of an additional
development premium for reinvestment