Test 6 - Organizations and Legislation

Question 1

What was designed to require nations to buy allowances of “carbon credits” to decrease CO2 and reduce greenhouse emissions?

Answer 1

Kyoto Protocol

Question 2

What was established at the end of WWII to provide capital needed to rebuild war-torn Japan and Western Europe?

Answer 2

World Bank

Question 3

What is the American system of mandatory social insurance?

Answer 3

Social Security

Question 4

What type of trade agreements respect national sovereignty and allow countries to consider their national and moral interests?

Answer 4

Bilateral trade agreements

Question 5

What banking system allows banks to not hold all their deposits in reserve?

Answer 5

Fractional Reserve Banking

Question 6

What global organization was created to maintain international peace?

Answer 6

United Nations

Question 7

What system controls the money supply of the United States?

Answer 7

Federal Reserve System

Question 8

What was originally established to monitor currency exchange?

Answer 8

IMF

Question 9

What organization holds a policy of “most-favored nation”?

Answer 9

WTO

Question 10

What agreement among they United States, Canada, and Mexico encouraged free trade?

Answer 10

NAFTA

Question 11

What was one of the first antitrust laws enacted in the United States?

Answer 11

Sherman Act