APHUG New Econ & Sustainable Development 7.7/7.8

APHUG New Econ & Sustainable Development 7.7/7.8

By Austin Woodside

Match

Match the following term to its explanation:

• IMF

• Purpose of IMF

• Interest

• Goals of World Bank

• Periphery

International Monetary Fund

Provides no-interest loans to low-income countries to help stabilize world economy.

Where you pay back more than what was given to you.

Reduce poverty, increased shared prosperity, and promote sustainable development worldwide.

Poorer countries who benefit from the loans of richer countries to develop their infrastructure.

• International Monetary Fund

• Provides no-interest loans to low-income countries to help stabilize world economy.

• Where you pay back more than what was given to you.

• Reduce poverty, increased shared prosperity, and promote sustainable development worldwide.

• Poorer countries who benefit from the loans of richer countries to develop their infrastructure.

Multiple Choice

Which country would have the cheapest labor?

• Core

• Semi-periphery

• Periphery

Open Ended

What is the purpose of the International Monetary Fund (IMF)?

Match

Match the following prompts to the correct explanation:

• 12.8 Trillion

• 5 Years

• Cause of 2008 Crisis

• Equity

• Consequences of 2008 Crisis

Amount of money (GDP) lost due to 2008 recession.

Time it took for Britain to return to its prerecession size (GDP & GNP)

U.S. mortgage dealers had issued high-risk mortgages to homebuyers who could not pay it.

Difference between the value of the property and what is still owed.

Numerous homeowners couldn't pay so they either abandoned their house or sold it under value.

• Amount of money (GDP) lost due to 2008 recession.

• Time it took for Britain to return to its prerecession size (GDP & GNP)

• U.S. mortgage dealers had issued high-risk mortgages to homebuyers who could not pay it.

• Difference between the value of the property and what is still owed.

• Numerous homeowners couldn't pay so they either abandoned their house or sold it under value.

Open Ended

Share 1 thing you learned:

Multiple Choice

Which of the following continents was negatively impacted the most from the U.S. recession in 2008?

• Asia

• South America

• Africa

• Europe

Multiple Choice

Which of the following continents was least impacted the most from the U.S. recession in 2008?

• Asia

• South America

• Africa

• Europe

Open Ended

Define logistics

Open Ended

What is "just-in-time delivery"?

Multiple Choice

What term can be used to describe "post-fordism"?

• Manufacturing

• Automation

• Steel

• Iron

Multiple Choice

Automation through the use of robots sounds like ...

• Fordism

• Post-fordism

• Subsistence

• Commercial

Multiple Choice

Which of the following is an effect on outsourcing countries or countries (MDC) who own the companies that use cheap/enslaved labor?

• Loss of jobs in the MDC

• Gain of jobs in the LDC

• Technology transfer to LDC

• Possible access to higher than average wages depending on the skills required.

Multiple Choice

Which of the following is an effect/impact on outsourcing countries (MDC) or countries who own the companies that use cheap/enslaved labor?

• Gain of jobs in the LDC

• Domino effect leading to other similar businesses or suppliers also outsourcing

• Technology transfer to LDC

• Possible access to higher than average wages depending on the skills required.

Multiple Choice

Which of the following is an effect/impact on outsourcing (MDC) countries or countries who own the companies that use cheap/enslaved labor?

• Gain of jobs in the LDC

• Workers may be stuck in low-paying jobs

• Goods available at lower prices

• Possible access to higher than average wages depending on the skills required.

Poll

Would you rather outsource manual labor or manufacturing to LDCs for cheaper goods or have MDCs provide labor or manufacturing for more expensive goods.

• Outsource manual labor or manufacturing to LDCs for cheaper goods

• MDCs provide labor or manufacturing for more expensive goods.

Open Ended

Share 2 things you learned about sustainable development!