Globalization and Micro-entrepreneurs Flashcard

Front

Economic Interdependence means:

Back

Countries rely on each other for trade

Front

In the concept of Free Trade, countries control the flow of goods and services with.

Back

little to no government control

Front

A tariff is another name for a ______ on goods imported from another country.

Back

tax

Front

Globalization can have a negative impact on developed countries because ___________.

Back

jobs leave the country

Front

According to the textbook, which continent receives the least amount of foreign investment?

Back

Africa

Front

In Botswana, what did food vendors turn into restaurants?

Back

Caravans (RVs)

Front

What is a microcredit organization?

Back

They provide small business loans

Front

In Africa, most of the countries are…

Back

Developing

Front

In the global connections, the book says that 50% of people who receive a micro loan...

Back

Are out of poverty in 10 years