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International Business > Chapter 5&6 Test > Flashcards

Chapter 5&6 Test Flashcards

1
Q

What is NAFTA?

A

The north american free trade agreement.

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2
Q

Who is involved in NAFTA?

A

Canada, USA and Mexico.

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3
Q

What is the population of Canada?

A

33.3 million

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4
Q

What language do Canadians speak?

A

English, French

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5
Q

What is the GDP of Canada?

A

1,501 billion

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6
Q

How many jobs are created in Canada with NAFTA?

A

4.3 million jobs.

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7
Q

What is the population of the US?

A

304.1 million

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8
Q

What language do they speak in the US?

A

English

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9
Q

What is the GDP?

A

14,441 GDP

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10
Q

How many jobs are created in the US?

A

25.1 billion

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11
Q

What is the population of Mexico?

A

106.7 million population

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12
Q

What is the language in Mexico?

A

Spanish

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13
Q

What is the GDP of Mexico?

A

1087 billion

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14
Q

How many jobs in Mexico are created?

A

9.3 million

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15
Q

What is the FTA?

A

Free trade agreement

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16
Q

What is the FIPA?

A

Foreign investment promotion and protection agreement

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17
Q

Countries in the FTA

A

Honduras, Chile, Korea, Lebanon

18
Q

Countries in the FIPA

A

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

19
Q

Countries in the EU

A

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

20
Q

Countries that use the euro

A

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

21
Q

Advantages of NAFTA common currency.

A

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.

22
Q

Disadvantages of NAFTA common currency.

A

Low canadian dollar, us customers are attracted to cheap.

23
Q

WTO

A
  • 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
24
Q

APEC (asia-pacific economic cooperation)

A
  • 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
25
Q

G7

A
  • 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
26
Q

G20

A
  • 19 countries + the EU
  • address economic growth issues
  • want more economic growth
  • improve women’s economic empowerment
  • strengthen resilience of the global financial system
27
Q

OECD (organization for economic cooperation and development)

A
  • 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
28
Q

World Bank

A
  • 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
29
Q

IMF

A
  • 189 countries
  • foster global monetary cooperation
  • secure financial stability
  • facilitate trade
  • reduce poverty
  • carribean financial management
  • strengthening national bank of ukraine
30
Q

OPEC

A
  • 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
31
Q

What is CSR

A

corporate social responsibility

32
Q

What is CSR

A

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

33
Q

CSR principles

A
  • providing a safe and healthy work environment
  • adopting fair labour policies
  • donating to charity
  • protecting the environment
  • avoiding price discrimination
  • being truthful in advertising
34
Q

CSR benefits

A
  • market yourself
  • attract and keep good employees
  • choose what to do
35
Q

CSR criticisms

A
  • cost money
  • time and energy
  • maybe not always ethical
36
Q

why is roots international

A
  • stores across the world

- international manufacturing facilities

37
Q

how does roots follow CSR

A
  • stringent workplace code of conduct
  • high standards
  • dignity, well being and rights of workers
  • safe and healthy working conditions
38
Q

how is roots involved in CSR

A
  • jane goodall foundation (wildlife research)
  • right to play (child development using sports)
  • waterkeeper alliance (protect lake ontario)
39
Q

what is imperialism

A

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

40
Q

what is relativism

A

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

41
Q

NGO’s

A

non profit organizations which is mostly composed of volunteers

42
Q

examples of NGOS are

A

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

International Business (2 decks)

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