Creator: BradOttawa
Description:
International Economics
Set followers: 1
Eco 2121
The World economy is formed through what process?
Country A removing tariffs on goods from Country B is an example of...
Country A changes labour laws to more closely resemble the laws of country B, this is an example of...
Economists will measure the importance of trade inside a country with what ratio?
The measure of the percentage of a countries income which is made up by trade is also known as...
Economists describe the process of globalization through the economic sphere as...
4 factors can be used to measure the process of Economic Integration, they are...
What factor of population became highly regulated following the First World War?
The factor of Economic integration that involves the movement of people across markets
The factor of Economic Integration which is measured by the amount of foreign capital in the domestic market
The factor of economic integration that is displayed when the prices of similar goods in desperate markets approach one another.
What is the 1944 economic conferance that was formed with the goal of defining and regulating the global market?
The International Monetary Fund and The World Bank were formed at what international conferance?
This economic institution is known as the 'Lender of Last Resort'
This institution lends both Technical & Financial Assistance to and distressed state
This institution functions by allowing member states to buy 'shares' in its funds
The leader of this institution is decided by the European Union
This institutions Leader is chosen by the United States of America
This institution was originally the 'General Agreement of Tariffs and Trade'(GATT)
The main goal of this prototype Trade agreement was to establish more trade rules internationally while decreasing the presence of Tariffs
The GATT became this organization officially after the Uruguay round ended in 1995
One of WTO 2 guiding principles, this one states that a nation must treat goods produced in a foregin market as the same as domestic goods
One of WTO 2 guiding principles, this one prohibits countries from having tariffs, regulations, or quotas that vary between countries.
The principle of Non-Discriminations exists to make a more competitive world economy and reduce the existence of this principle.
There are 3 kinds of Regional Trade Agreements, they are...
A Bilateral Trade Agreement is
A Plurilateral Trade agreement is
A Multilateral trade agreement is
The 5 levels of Regional Trade Agreement Integration are
A Partial Trade Agreement is
Define a Common External Tariff
Why are Regional Trade Agreements(RTA) allowed to exist despite breaching WTO's Non-Discriminations Principle?