CS 31 - Global Economy -vocabulary

The use of tools, materials, and skills to meet human needs is known as __________.

• Technology

• Biology

• Art

• Philosophy

The __________ is a late 20th century innovation that increased global communication.

• The internet

• The telegraph

• The printing press

• The steam engine

The __________ is a late 20th century innovation that increased global communication.

• Internet

• Television

• Radio

• Telegraph

Late 20th century advances that increased communication and productivity in the US economy.

• information technology

• biotechnology

• transportation technology

• industrial and manufacturing technology

__________ involves doing business on the internet, replacing brick-and-mortar business.

• e-commerce

• retail commerce

• traditional commerce

• street commerce

_______ are the fastest selling communication device in history.

• smartphones

• tablets

• laptops

• smartwatches

A _______ is a multinational company operating in several countries.

• transnational business

• binational business

• domestic enterprise

• regional firm

_______ involves communications, free trade, and lower shipping costs allowing people, products, and resources to flow freely around the world.

• Globalization

• Isolationism

• Protectionism

• Nationalism

_______ is a free trade agreement between the USA, Mexico, and Canada.

• NAFTA

• EU

• ASEAN

• MERCOSUR

The _______ establishes rules for global trade and helps settle trade disputes.

• World Trade Organization

• International Monetary Fund

• North Atlantic Treaty Organization

• United Nations