RETAKE GLOBALIZATION VOCAB QUIZ

Globalization

• the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world

• A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs

• An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organization, and comply with minimum environmental and safety standards.

• a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.

Colombian Exchange

• mutual dependence of the economic activities of one person, company, region, or nation on those of another person, company, region, or nation

• An agreement for free trade between the United States and Canada and Mexico

• A shop or factory where workers work long hours at low wages under unhealthy conditions

• The exchange of plants, animals, diseases, and technologies between the Americas and the rest of the world following Columbus's voyages.

GDP

• A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located.

• The total market value of all final goods and services produced annually in an economy

• a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.

• international trade left to its natural course without tariffs, quotas, or other restrictions.

Transnational Corporation

• Military alliance created in 1949 made up of 12 non-Communist countries including the United States that support each other if attacked.

• An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organization, and comply with minimum environmental and safety standards.

• A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located.

• An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members.

Outsourcing

• international trade left to its natural course without tariffs, quotas, or other restrictions

• An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members.

• Complete control of a product or business by one person or group

• obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.

fair trade

• A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs

• A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located.

• international trade left to its natural course without tariffs, quotas, or other restrictions.

• An alternative to international trade that emphasizes small businesses and worker-owned and democratically run cooperatives and requires employers to pay workers fair wages, permit union organization, and comply with minimum environmental and safety standards.

Free trade

• A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs

• international trade left to its natural course without tariffs, quotas, or other restrictions.

• money for investment

• An agreement for free trade between the United States and Canada and Mexico

Capital

• money for investment

• A shop or factory where workers work long hours at low wages under unhealthy conditions

• An agreement for free trade between the United States and Canada and Mexico

• Complete control of a product or business by one person or group

Monopoly

• Complete control of a product or business by one person or group

• the interdependent economies of the world's nations, regarded as a single economic system

• An agreement for free trade between the United States and Canada and Mexico

• A shop or factory where workers work long hours at low wages under unhealthy conditions

sweatshop

• A shop or factory where workers work long hours at low wages under unhealthy conditions

• The exchange of plants, animals, diseases, and technologies between the Americas and the rest of the world following Columbus's voyages.

• the total market value of all final goods and services produced annually in an economy

• international trade left to its natural course without tariffs, quotas, or other restrictions.