Global Interdependence Keywords List

Goods and services purchased from other countries are called:

• Imports

• Exports

• Tariffs

• Quotas

Trade which involves items that have a physical existence and can actually be seen

• Visible trade

• Export trade

• Physical trade

• Invisible trade

What is trade in travel and tourism, and business and financial services called?

• Trade in goods

• Trade in services

• International trade

• Domestic trade

What is a movement that aims to create direct long-term sustainable trading links with producers in LICs?

• Fair Trade

• Globalization

• Industrialization

• Urbanization

A group of countries that share trade agreements between each other is called a:

• Trade Union

• Economic Bloc

• Trade Bloc

• Customs Union

What is money, goods, or services owed by an individual, organization, or government to another called?

• Debt

• Asset

• Revenue

• Equity

What is aid provided by many countries and organized by an international body such as the United Nations called?

• International Aid

• Global Assistance

• Foreign Support

• Multinational Relief

Tied aid is ...

• A form of aid with no conditions

• Aid given without any restrictions

• Aid that must be used to buy goods or services from the donor country

• Aid that can be used for any purpose

The HIPC initiative is a program designed to:

• Provide debt relief to heavily indebted poor countries

• Increase taxes in developing countries

• Promote tourism in poor countries

• Support technological advancements in wealthy nations

External shocks in tourism are:

• unexpected events that affect the tourism industry

• planned events that boost tourism

• regular seasonal changes in tourism

• government policies promoting tourism