Social 10-1 Unit 3 Review Questions (Version B)

socialism

communism

market economy

command economy

globalization

global disparity

global diversity

global interdependence

International economic activity is increasing interdependence among nations

Nations that violate human rights often face sanctions by the international community

Nations that resist new technological developments will lose competitiveness in world markets

International conferences encourage national leaders to discuss their important economic issues

oil and gas consumption

use of hydroelectric power

the purchase of solar panels

consumption of grain products such as bread

Reduce the sovereignty of Third World nations

Create job opportunities for people in the First World

Escape environmental and other controls on their activities

Reduce the "brain drain" experienced by Third World nations

Consumption of oil will soon lead to a global shortage

Disparity exists between global oil production and consumption

Global demand for oil has greatly increased over the past 50 years

The extraction of crude oil has greatly increased over the past 50 years.

the military exploit the poor

the well-to-do exploit the poor nations

the poor nations are sharing their goods

poor nations really have a great deal of wealth

sharing the world's wealth

individuals really value the importance of the cow and treat it well

the rich nations helping the poor nations

the rich nations leaving the poor nations alone

NAFTA benefits both developing and developed nations

NAFTA promotes economic globalization and everyone is happy to participate

Freer markets are desirable for most nations

NAFTA has negative effects that people do not realize such as job loss.

The EU is concerned about the economic loss with Britain leaving.

The EU is concerned about the economic loss with Greece staying.

The EU breaking up in the near future.

The development disparities that exists within Europe.

Inflation is part of the family.

Inflation is only temporary and will shortly disappear from their lives.

Initially, inflation was suppose to be temporary, but it is still here and growing.

Inflation is a normal aspect of society today.