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social 10 > vocab 3 + 4 > Flashcards

vocab 3 + 4 Flashcards

1
Q

hayek

A
  • procapitalism
  • mistrusted government control
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2
Q

keynes

A
  • advocated for government intervention in the economy
  • promoted consumption
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3
Q

friedman

A
  • originally supported keynes but changed his mind
  • advocated against government control
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4
Q

IMF

A

international monetary fund
- funded through quotas
- a country’s quota is based on the size
- USED TO BAIL OUT ECONOMIES

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5
Q

world bank

A
  • provides loans to countries in need
  • USED TO BUILD UP ECONOMIES
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6
Q

gross domestic product

A

total value of all the goods and services produced in an economy

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7
Q

GDP per capita

A

GDP divided by the population

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8
Q

G7

A

an intergovernmental organization
- US
- germany
- japan
- the UK
- france
- italy
- EU
- canada
suspended: russia

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9
Q

agribusiness

A

covers the production, processing, and distribution of farm-based goods

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10
Q

bretton woods conference

A
  • 1944
  • established the IMF and the world bank
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11
Q

outsourcing

A

ex. job loss, unlivable wages, inequality, promotion of poverty

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12
Q

tariff

A

taxes that dicourage bringing in imports from abroad

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13
Q

NAFTA/USMCA

A

north american free trade agreement
* 1994
encourages trade between:
- US
- mexico
- canada

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14
Q

free market economy

A
  • no government intervention
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15
Q

global supply chains

A
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16
Q

shipbuilding/shipbreaking

A
  • bangladesh
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17
Q

stewardship

A

accepting responsibility for ensuring that resoures remain stable

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18
Q

united nations (UN)

A
  • 1945
  • to increase political and economic cooperation among its member countries
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19
Q

multinational/transnational

A

involving several countries or individuals

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20
Q

protectionism

A
  • policy of protecting industries from foreign competition
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21
Q

trade liberalization

A

the removal of restrictions on free exchange of goods between nations

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22
Q

interdependence

A

the state of beign dependant upon one another

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23
Q

recession

A

a period of economic decline
- 2 successive quarters of GDP reduction

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24
Q

kyoto protocol

A
  • 1997
  • 141 countries
    international treaty on climate change
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25
Q

paris agreement

A
  • 2015
  • international treaty on climate change
  • working towards reduction in greenhouse gas emissions
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26
Q

deregulation

A

removal of regulations

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27
Q

adam smith

A
  • private ownership
  • competition
  • CAPITALISM -
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28
Q

GATT/WTO

A

general agreement on tariffs and trade
renamed world trade organization

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29
Q

european union (EU)

A
  • 1991
  • promotes security and justice
  • works to create free trade zones
  • britain recently left
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30
Q

free trade

A

international trade without restrictions

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31
Q

human development index (HDI)

A
  • life expectancy
  • education/literacy
  • GDP per capita
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32
Q

import

A

recieving good and services abroad

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33
Q

export

A

selling goods and services abroad

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34
Q

knowledge economy

A

economy is measures based on quality, quantity and accessibility of the information NOT production

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35
Q

sustainability

A

the ability to be maintained at a certain rate

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36
Q

privatization

A

transfer of public to private busniss ownership

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37
Q

karl marx

A
  • communism
  • public ownership
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38
Q

OPEC

A

organization of the petroleum exporting countries
* 1960
- 14 oil rich member states control close to 40% of the worls oil population

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39
Q

UNICEF

A

united nations international childrens emergency fund
- to overcome poverty, violence, disease, and discrimination in a childs path

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40
Q

human rights watch

A

to uphold human dignity and advance the cause of human rights

41
Q

amnesty international

A

for the protection of human rights

42
Q

non - governmental organizations (NGO’s)

A
  • depends on volunteers and donations
  • recieve grants or contracts from the gov.
  • targets more specific goals
43
Q

epidemic

A

sudden increase in a disease (specific for a single population)

44
Q

pandemic

A

an epidemic that affects a large number of people

45
Q

human trafficking

A

the recruitment, transportations of people through force or fraud
- aims to exploit them for profit

46
Q

referendum

A

direct vote by the electorate

47
Q

inalienable rights

A

something that is not transferable or able to be taken away

48
Q

subsidies

A

direct or indirect payment to individuals or firms

49
Q

G20

A
  • canada
  • australia
  • indonesia
  • saudi arabia
  • italy
  • argentina
  • brazil
  • united kingdom
  • russia
  • turkiye
  • south korea
  • south africa
  • US
  • germany
  • china
  • japan
  • france
50
Q
  • procapitalism
  • mistrusted government control
A

hayek

51
Q
  • advocated for government intervention in the economy
  • promoted consumption
A

keynes

52
Q
  • originally supported keynes but changed his mind
  • advocated against government control
A

friedman

53
Q

international monetary fund
- funded through quotas
- a country’s quota is based on the size
- USED TO BAIL OUT ECONOMIES

A

IMF

54
Q
  • provides loans to countries in need
  • USED TO BUILD UP ECONOMIES
A

world bank

55
Q

total value of all the goods and services produced in an economy

A

gross domestic product

56
Q

GDP divided by the population

A

GDP per capita

57
Q

an intergovernmental organization
- US
- germany
- japan
- the UK
- france
- italy
- EU
- canada
suspended: russia

A

G7

58
Q

covers the production, processing, and distribution of farm-based goods

A

agribusiness

59
Q
  • 1944
  • established the IMF and the world bank
A

bretton woods conference

60
Q

ex. job loss, unlivable wages, inequality, promotion of poverty

A

outsourcing

61
Q

taxes that dicourage bringing in imports from abroad

A

tariff

62
Q

north american free trade agreement
* 1994
encourages trade between:
- US
- mexico
- canada

A

NAFTA/USMCA

63
Q
  • no government intervention
A

free market economy

64
Q
A

global supply chains

65
Q
  • bangladesh
A

shipbuilding/shipbreaking

66
Q

accepting responsibility for ensuring that resoures remain stable

A

stewardship

67
Q
  • 1945
  • to increase political and economic cooperation among its member countries
A

united nations (UN)

68
Q

involving several countries or individuals

A

multinational/transnational

69
Q
  • policy of protecting industries from foreign competition
A

protectionism

70
Q

the removal of restrictions on free exchange of goods between nations

A

trade liberalization

71
Q

the state of beign dependant upon one another

A

interdependence

72
Q

a period of economic decline
- 2 successive quarters of GDP reduction

A

recession

73
Q
  • 1997
  • 141 countries
    international treaty on climate change
A

kyoto protocol

74
Q
  • 2015
  • international treaty on climate change
  • working towards reduction in greenhouse gas emissions
A

paris agreement

75
Q

removal of regulations

A

deregulation

76
Q
  • private ownership
  • competition
  • CAPITALISM -
A

adam smith

77
Q

general agreement on tariffs and trade
renamed world trade organization

A

GATT/WTO

78
Q
  • 1991
  • promotes security and justice
  • works to create free trade zones
  • britain recently left
A

european union (EU)

79
Q

international trade without restrictions

A

free trade

80
Q
  • life expectancy
  • education/literacy
  • GDP per capita
A

human development index (HDI)

81
Q

recieving good and services abroad

A

import

82
Q

selling goods and services abroad

A

export

83
Q

economy is measures based on quality, quantity and accessibility of the information NOT production

A

knowledge economy

84
Q

the ability to be maintained at a certain rate

A

sustainability

85
Q

transfer of public to private busniss ownership

A

privatization

86
Q
  • communism
  • public ownership
A

karl marx

87
Q

organization of the petroleum exporting countries
* 1960
- 14 oil rich member states control close to 40% of the worls oil population

A

OPEC

88
Q

united nations international childrens emergency fund
- to overcome poverty, violence, disease, and discrimination in a childs path

A

UNICEF

89
Q

to uphold human dignity and advance the cause of human rights

A

human rights watch

90
Q

for the protection of human rights

A

amnesty international

91
Q
  • depends on volunteers and donations
  • recieve grants or contracts from the gov.
  • targets more specific goals
A

non - governmental organizations (NGO’s)

92
Q

sudden increase in a disease (specific for a single population)

A

epidemic

93
Q

an epidemic that affects a large number of people

A

pandemic

94
Q

the recruitment, transportations of people through force or fraud
- aims to exploit them for profit

A

human trafficking

95
Q

direct vote by the electorate

A

referendum

96
Q

something that is not transferable or able to be taken away

A

inalienable rights

97
Q

direct or indirect payment to individuals or firms

A

subsidies

98
Q
  • canada
  • australia
  • indonesia
  • saudi arabia
  • italy
  • argentina
  • brazil
  • united kingdom
  • russia
  • turkiye
  • south korea
  • south africa
  • US
  • germany
  • china
  • japan
  • france
A

G20

social 10 (3 decks)

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