Social 10-1 Unit 3 Quiz -A

Responsible management and use of land and resources so that future generations will enjoy healthy environments is called?

• stewardship

• crown corporations

• economic nationalism

• sustainable development

A tax on imported goods or services meant to reduce competition with domestic goods or services is called?

• trade liberalization

• tariff

• deregulation

• privatization

An area of sea around a country's shoreline from which the country has the exclusive right to extract natural resources is called?

• free trade

• trading bloc

• economic nationalism

• exclusive economic zone

The process of reducing barriers to trade is called?

• free trade

• trade liberalization

• knowledge economy

• ecological ethics

A government-owned business created to provide essential products and services to people.

• trading bloc

• privatization

• crown corporation

• deregulation

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs is called?

• sustainable development

• ecological ethics

• exclusive economic zone

• subsidiary

Direct financial help, such as loans or lower taxes, that the government provides to an industry.

• subsidiary

• tariff

• stewardship

• subsidy

Industries that use knowledge to produce economic benefits is called?

• deregulation

• economic nationalism

• privatization

• knowledge economy

The international significance of the Bretton Woods conference was that

• it established rules and regulations to keep former colonies economically weak

• it established organizations that would assist with international economic development after World War II

• it was the first time both the communist and capitalist nations worked out international trade agreements

• it signified the end of World War II

Prior to Bretton Woods most currencies in the world were fixed at an exchange rate based on:

• gold

• silver

• platinum

• supply and demand