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LESSON 2 Page 2
  • Shaine Bambico

  • 問題数 31 • 9/17/2024

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    問題一覧

  • 1

    Has biggest impacts in society

    Economy

  • 2

    A special institution that organizes all production, consumption

    Economy

  • 3

    3 Sectors of Economy

    Primary Sector Secondary Sector Tertiary Sector

  • 4

    Extracts raw materials

    Primary Sector

  • 5

    Gains the raw materials

    Secondary Sector

  • 6

    involves services rather than goods

    Tertiary Sector

  • 7

    5 International Financial Institutions

    The Bretton Woods System GATT WTO OECD, OPEC, & EU NAFTA

  • 8

    The fruit of remnants of WWI

    The Bretton Woods System

  • 9

    Expression of currency in terms of gold

    First Element

  • 10

    Official Monetary authority

    Second Element

  • 11

    Rates, plus , minus 1% margin

    Second Element

  • 12

    Establishment of an overseer

    Third Element

  • 13

    Elimination of restrictions

    Fourth Element

  • 14

    Us dollarbecones global currency

    Fifth Element

  • 15

    IFI means

    International Financial Institutions

  • 16

    GATT means

    General Agreement on Tariffs and Trade

  • 17

    A forum of 23 member countries

    GATT

  • 18

    WTO means

    World Trade Organizations

  • 19

    IMF means

    International Monetary Fund

  • 20

    Helps countries which are in trouble who could not obtain money

    IMF

  • 21

    Serves as a lender

    IMF

  • 22

    WB means

    World Bank

  • 23

    more long term approach Edradication of money

    WB

  • 24

    OECD means

    Organization for economic cooperation and development

  • 25

    How many members are there in OECD

    35 members

  • 26

    most encompassing club of the richest countries in the world

    OECD

  • 27

    OPEC means

    Organization of Petroleum Exporting Countries

  • 28

    5 countries that mentioned in OPEC

    Iraq Iran Saudi Arabia Venezuela Kuwiat

  • 29

    This countries did not adopt Euro as basic currency

    Great Britain Denmark Sweden

  • 30

    NAFTA means

    North American Free Trade Agreement

  • 31

    A trade pact between us, mexico, and Canada on January 1, 1994

    NAFTA