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Purpose of international trade organization – promotes fair and balanced trade

Purpose of international trade organization – promotes fair and balanced trade. Problem with exchanging currency – cost more to do business because of bank fees. European Union’s currency – EURO. Russian currency/money- RUBLE.

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Purpose of international trade organization – promotes fair and balanced trade

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  1. Purpose of international trade organization – promotes fair and balanced trade
  2. Problem with exchanging currency – cost more to do business because of bank fees
  3. European Union’s currency – EURO
  4. Russian currency/money-RUBLE
  5. How does nature play a role in acid rain problem – air currents carry toxic smoke
  6. 2 effects of the CHERNOBYL nuclear disaster – people got sick, drinking water was unsafe to drink
  7. MAIN problem to AIR pollution in United Kingdom- automobile exhaust emissions
  8. Problem entrepreneur’s face in RUSSIA – difficult to start; court don’t protect property rights
  9. How can a country invest in human capital? TRAINING, EDUCATION, HEALTH CARE
  10. 3 types of economic systems- traditional-command- market
  11. Why do Most countries operate on MIXED ECONOMY instead of full market – Government regulations
  12. Main causes of ACID RAIN-coal burning factories & automobile/car emissions
  13. How is CHERNOBYL safe –covered it in concrete
  14. Problem with nuclear power- disposal of nuclear waste
  15. Economy of a country with a LARGE number of natural resources – is GOOD
  16. EntrepreneursINCREASE a countries GDP by – creating BUSINESSES that create JOBS
  17. 2 natural resources helped RUSSIAN economy – OIL & NATURAL GAS
  18. Embargos against a country are successful –because citizens in the country suffer
  19. Why were other countries concerned about CHERNOBYL? Radioactive material fell on them
  20. Solution to reduce air pollution in the United Kingdom? development of cleaner coal
  21. Challenge Germany faces in trying to reduce acid rain problems –stopping other countries to stop burning fossil fuels
  22. 2 solutions to air pollution in the UK- monitoring air quality and smoke free zones (smokeless zones)
  23. 2 examples of capital resources – machines and tools 2 examples of human resources – employees and their education, healthcare, and training
  24. GDP- value of goods and services produced WITHIN a country
  25. EMBARGO – BAN
  26. MARKET economy- citizens and businesses make decision
  27. CAPITAL resources= resources used to create products
  28. HUMAN capital- abilities and skills
  29. Tariff- TAX
  30. Command economy- GOVERNMENT makes economic decisions
  31. Entrepreneur- person takes a risk to open a BUSINESS
  32. Quota- LIMIT
  33. Traditional economy – based on customs and traditions
  34. Mixed economy- based on TWO Economic systems
  35. GNP- value of goods and services produced WITHIN AND OUTSIDE a country
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