trade 2 Flashcards

1
Q

Globalization economic

A

More efficient, more competition, general positive effect

Benefits because quality will increase

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Globalization ecology

A

Rainforest reduction
Negative impact
Habitat of wildlife is reduced

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Globalization Politcs

A

Human rights, democracy, right for workers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Globalization cultural

A

Reduce cultural differences

Globalization gives more mixed cultures

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Product dumping

A

Waste products, can also be sold in for cheap prices

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Turnover tax

A

Purchase and sales
Export and import within EU b2b 0%
Export and import outside EU, vat of country sold to

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Free trade

A

Competition between local and imported products decreases prices and increases quality

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

GATT

A

general agreements on tariffs and trade

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

WTO

A

World trade orgainzaion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Partial trade agreement

A

Two or more countires liberalize trade of prodcuts categories

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Free trade area

A

Trade in goods and service is fully liberalized between two or more countries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Customs union

A

AN FTA plus common external tariff

How well did you know this?
1
Not at all
2
3
4
5
Perfectly