Exam Review Flashcards
When was the UN created?
October 1945
How many countries originally formed the UN?
51
What is the UN?
Organization working to solve humanitarian problems.
What does the UN work to do?
Promote human rights, protect the environment, fight disease, foster development, reduce poverty
How many organizations are within the UN?
30
What are the UN’s 4 purposes?
peace and security, friendly relations between nations, solve international problems, promote human rights
What can the UN do to help developing countries using the help of one of its partner associations?
Make loans to developing countries, improve the quality of drinking water, work to expand food production.
What is something the UN does not do?
It does not make laws. It cannot force action from any state.
What fields does the UN have responsibilities in?
Economic, social, cultural, educational and health fields.
Who are the 5 permanent members of the Security Council?
China, France, Russia, UK and US.
What can the Security Council do?
Settle disputes between two nations, start peacekeeping missions, impose financial sanctions, demand a cease-fire, authorize military action to ensure decisions are carried out.
What is macroeconomics?
The study of larger economic topics.
What is microeconomics?
The study of individual economic topics.
When and how did the great depression start?
1929 after a 25% drop in Dow Jones stock index.
When and how did the great depression end?
1939 when the second world war started due to the high demand in products such as ammunition, ships, weapons, etc.
What did Roosevelt do during the great depression to help stabilize inflation?
Increased production demands, which increased jobs and steadily decreased inflation rates.
What is the difference between debt and deficit?
Debt is owing money, deficit is spending more than you have/gain.
What is surplus?
When a country’s earnings are greater than its spendings.
Who does Canada owe money to?
Mostly to its population and institutions.
What is an acceptable inflation rate?
2-3% is good because it helps grow an economy.
How did Zimbabwe’s economy crash?
Its inflation occurred due to people under viewing the currency, so they started selling stuff for more and more money, which drastically decreased the Zimbabwean dollar’s value.
What is the difference between fiscal policy and monetary policy?
Fiscal policy is controlled by the government, monetary policy is controlled by the central bank of a country.
What do central banks do?
They provide services and funding to the government.
Which central bank influences other central banks?
The United States’.
Developed countries tend to have _____ birth and death rates than developing countries.
Lower.
Developed countries tend to have _____ fertility rates than developing countries.
Higher.
Developed countries tend to have _____ life expectancy than developing countries.
Higher.
Developed countries tend to have _____ infant mortality rates than developing countries.
Lower.
Developed countries tend to have _____ literacy rates than developing countries.
Higher.
What were the imperial powers of the World?
France, Britain, Germany, Italy, Belgium, US, Japan.
What regions were the targets for colonization and why?
African and Asian countries due to the cheap raw materials found there. They also brought up a new market to sell these products to, eventually bringing in more money.
Generally, developing countries have _____ GDP per capita and per capita income.
Low.
Developing countries have a _____ percentage of economy and workforce in agriculture.
High.
Developing countries are usually reliant on…
One crop or resource for export.
Developed countries typically spend less on _____ and more on _____.
Less on food and more on health and education.
