Unit Six Lesson Sixteen Economics

The movement of money into and out of a country through foreign investment and other financial activities

• Developed country

• Capital flow

• Economic development

• Human Capital

The cancellation of all or part of a debt

• Capital flow

• Extreme poverty

• Debt forgiveness

• Exports

A wealthy, industrialized country in which the majority ofpeople have more than enough income to meet their basic needs

• Developed country

• least developed country

• Foreign debt

• Extreme poverty

A low- to medium-income country in which most people have less access to goods and services than the average person

• Least developed country

• Developing country

• Economic development

• Extremely developed

The process by which a country makes economic progress and raises its standard of living

• Developing country

• Extreme poverty

• Debt forgiveness

• Economic development

A condition in which people are too poor to meet basic survival needs, including food, shelter, and clothing

• Extreme poverty

• Economic development

• Foreign debt

• Debt forgiveness

The part of a country’s total debt that is owed to foreign creditors

• Least developed country

• Foreign debt

• Debt forgiveness

• Capital flow

A country that suffers from severe poverty and low standards of living

• Human capital

• Foreign debt

• least developed country

• Extreme poverty

Which international organization offers economic advice and assistance to countries with financial problems?

• United Nations

• International Monetary Fund

• World Trade Organization

• World Bank

What is the role of nongovernmental organizations in the globalization process?

• To protect the environment from the harmful effects of global trade

• To help lift people out of poverty around the world

• To campaign on behalf of social issues associated with globalization

• All answers are correct