Economics Concepts and Definitions
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Questions and Answers

What is the term for a political and economic phenomenon encompassing broader areas of cooperation?

  • Regionalism (correct)
  • Regionalization
  • Globalism
  • Non-Aligned Movement

Which regional organization is facing challenges due to nationalism and populism?

  • ASEAN
  • European Union (correct)
  • NAM
  • APEC

What is the term for the movement of countries advocating for non-alignment during the Cold War?

  • New Regionalism
  • Non-Aligned Movement (NAM) (correct)
  • Regionalism
  • Globalism

What is the term for a regional concentration of economic flows?

<p>Regionalization (D)</p> Signup and view all the answers

What is the term for the United Kingdom's withdrawal from the European Union?

<p>Brexit (A)</p> Signup and view all the answers

What is the term for values material wealth and human-made laws?

<p>Globalism (D)</p> Signup and view all the answers

What has been argued by Peter Berger about the contemporary world?

<p>It is furiously religious (A)</p> Signup and view all the answers

Which organization has criticized the negative effects of economic globalization?

<p>World Council of Churches (C)</p> Signup and view all the answers

What is the term for the strict adherence to religious beliefs and practices?

<p>Religious Fundamentalism (A)</p> Signup and view all the answers

Who argued that modernization erodes religious practice?

<p>Secularization Theory (C)</p> Signup and view all the answers

What is the term for the spread of religious ideas globally?

<p>Religious Evangelization (D)</p> Signup and view all the answers

Who observed the correlation between religion and capitalism?

<p>Max Weber (B)</p> Signup and view all the answers

What is the term that refers to a state's authority over its territory and freedom from external interference?

<p>Sovereignty (A)</p> Signup and view all the answers

What is the term for the simultaneous occurrence of economic stagnation and inflation?

<p>Stagflation (D)</p> Signup and view all the answers

What was the main goal of the Concert of Europe?

<p>To restore pre-French Revolution order (B)</p> Signup and view all the answers

Which of the following leaders is associated with the advocacy of neoliberal policies?

<p>Both of the above (C)</p> Signup and view all the answers

Who is credited with promoting nationalism as a prerequisite for internationalism?

<p>Giuseppe Mazzini (D)</p> Signup and view all the answers

What is the term for the alliance of countries that opposed the Allied Powers during World War II?

<p>Axis Powers (C)</p> Signup and view all the answers

What is the term for the government spending program aimed at stimulating economic growth?

<p>Stimulus Package (D)</p> Signup and view all the answers

What is the term for the process of reducing trade barriers to promote free trade?

<p>Trade Liberalization (C)</p> Signup and view all the answers

What is the primary function of the Security Council in the United Nations?

<p>To maintain international peace and security (A)</p> Signup and view all the answers

What type of organization is primarily composed of member-states?

<p>International Organization (A)</p> Signup and view all the answers

What is the term for the practice of lowering labor and environmental standards to attract foreign investment?

<p>Race to the Bottom (A)</p> Signup and view all the answers

What is the term for the process of increasing interconnectedness between nations?

<p>Internationalization (A)</p> Signup and view all the answers

What is the term for the illegal trade of people for exploitation?

<p>Human Trafficking (A)</p> Signup and view all the answers

Which of the following organizations supports migrant communities?

<p>Chinese Consolidated Benevolent Association (D)</p> Signup and view all the answers

What is the term for the disproportionate impact of environmental problems on the poor?

<p>Environmental Justice (A)</p> Signup and view all the answers

What is the international agreement aimed at reducing greenhouse gas emissions?

<p>Kyoto Protocol (D)</p> Signup and view all the answers

Which of the following is a major contributor to environmental pollution?

<p>Buses &amp; Motorbikes (C)</p> Signup and view all the answers

What is the term for the warming of the Earth's surface due to greenhouse gas emissions?

<p>Global Warming (C)</p> Signup and view all the answers

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