Unit 2 Social 10

Question 0

Ecological footprint?

Answer 0

The area of the earths surface, necessary to sustain the level of resources a person uses and the waste they create.

Question 1

Containerization?

Answer 1

The transporting of goods in standard sized shipping containers.

Question 2

Economic Depression?

Answer 2

A period of low economic activity accompanied by high levels of unemployment.

Question 3

Foreign aid?

Answer 3

Money, supplies, and other goods as well as the expertise given by one country to another.

Question 4

Free-trade?

Answer 4

Trade without tax

Question 5

Gross national income?

Answer 5

The amount if money earned by everyone in the country.

Question 6

Market economy?

Answer 6

Government regulations are reduced to a minimum - businesses are free to make decisions.

Question 7

Non-government regulations?

Answer 7

An organization established by groups of people to work toward specific goals and to gain public support

Question 8

Outsourcing?

Answer 8

Businesses strategy that involves reducing costs by using cheaper supplies and production of using cheaper labor

Question 9

Reparations?

Answer 9

The set of making amends of a wrong doing.

Question 10

Sanctions?

Answer 10

An economic penalty meant to pressure governments to agree to carry out certain actions

Question 11

Sustainability?

Answer 11

The degree to which earths able to provide the resources necessary to meet people’s needs.

Question 12

Trade liberalization?

Answer 12

Reducing or removing trade barriers, so goods can move around the world freely

Question 13

Global north?

Answer 13

The developed world

Question 14

Global south

Answer 14

The developing world.

Question 15

Prosperity?

Answer 15

Doing well and having an abundance of resources.

Question 16

Disparity?

Answer 16

The difference between people in a economic sense.

Question 17

What is the Bretton woods conference?

Answer 17

It was a meeting between 44 countries to discuss preventing another war.
WW II wasn’t over yet
They didn’t want another war to damage their economies.

Question 18

Who was John Maynard Keynes?

Answer 18

He was an economist that believed…
Government should help/ influence spending during recessions and depressions.
Raised taxes during prosperitys and recoveries, lower during recessions and depressions.
Ensure that people always have money to spend.

Question 19

Who was Fredrick Hayek?

Answer 19

Was an economist that believed…
Government should make rules for the economy but never interfere.
No interfering with competition
Lots of government control would lead to a totalitarian government ex: hitler, N. Korea

Question 20

What is the work bank?

Answer 20

Owned by government members
Reduces poverty in developing countries
Funds specific projects

Question 21

What is the International Monetary Fund?

Answer 21

Sets dependable international exchange rates
Provides emergency short-term loans to countries
Promotes good governance- get rid of corruption

Question 22

What is GATT?

Answer 22

General agreement one tariffs and trade.
Aims to gradually eliminate tariffs and trade barriers.
Establishes trade rules
Set rules to protect copyright and intellectual property.

Question 23

What was the Kyoto protocol?

Answer 23

Meeting that created a goal to reduce green house gases.

Canada failed to meet the goal.

Question 24

What are some aspects of the Alberta tar sands?

Answer 24

Oil is extracted by using lots of energy out of the oil sands.
Their goal is to lower the energy needed.
Oil is a non renewable source

Question 25

What does the case study “the fourth R” talk about?

Answer 25

It talks about the three Rs (reduce, reuse and recycle) but it also talks about refuse.
Refuse to buy items that are over packaged.

Question 26

What is NAFTA?

Answer 26

North America Free Trade Agreement.
An agreement between Mexico, Canada and the USA.
There are no taxes or tariffs between these countries.

Question 27

What are the aspects of the sustainable livelihood chart?

Answer 27

Vulnerability/shock
Natural assets
Human assets
Social assets 
Physical assets 
Policies, institutions and processes

Question 28

What are natural assets?

Answer 28

Land, water, forests, fertile soil

Question 29

What are human assets?

Answer 29

Health, family, education, skills and knowledge, local labor

Question 30

What are social assets?

Answer 30

Non government organizations support, government support, community support and family support systems

Question 31

What are some policies, institutions and processes?

Answer 31

International agreements, community organizations, legal systems, property rights, agricultural subsides, competition.

Question 32

Who was Friedman?

Answer 32

Economist who np believed…
No government involvement whatsoever.
Student of Hayek

Question 33

What are subsides?

Answer 33

A benefit given from the government to a group or individual

Ex: school tuition fees are partly payed for by the government so more people an afford education.