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WorksheetsChapter 17 Vocabulary Review
Total questions: 16
Worksheet time: 8mins
How was your day yesterday?
Have you paid your senior dues yet?
Yes
No
Have you ordered your cap and gown yet?
Yes
No
The __________________ is an international organization that makes loans and provides financial assistance and advice to developing countries.
Cartel
Free trade area
World Bank
Customs union
A _________________ is known to be at a relatively early stage in the process of economic development.
Customs union
Developing country
Free trade area
Cartel
A _________________ eliminates trade barriers between member countries and adopts a common external trade policy.
Customs union
Cartel
Free trade area
Developing country
A figure indicating on average how many years a person is expected to live is called _________________.
Developing country
External debt
Privatization
Life expectancy
Order these four countries from highest to lowest life expectancy.
Japan
Germany
United States
Argentina
_________________ is money that a country owes to foreign countries and banks.
Privarization
External debt
Customs union
World Bank
How much external debt do you think the United States has? (Hint: It's A LOT!)
$50 billion
$300 billion
$24 trillion
$35 trillion
The EU is an example of a _________________ because eliminates trade barriers between member countries and adopts a common external trade policy with outside countries.
Free trade area
Cartel
Customs union
Developing country
A ________________ is a group of countries committed to removing all trade barriers between each other, but pursuing independent external trade policies.
Customs union
Cartel
Free trade area
Developing country
A _____________ is a formal organization of producers that agree to coordinate prices and production.
Customs union
Cartel
Free trade area
Developing country
The change from government or public ownership/control to private ownership/control is called ____________________.
Cartel
Customs union
Free trade area
Privatization
NAFTA is an example of a ________________ because the countries removed trade barriers with each other, but each country has independent external trade policies.
Cartel
Free trade area
Customs union
Developing country
OPEC is an example of a _____________ because the member countries coordinate oil prices worldwide.
Developing country
Custom union
Free trade area
Cartel
