Energy Independence and Security

Play an AI-generated podcast conversation about this lesson

What is energy independence, according to President Richard Nixon?

A situation where oil prices are determined by the global market

A situation where oil becomes much less relevant to global affairs

A situation in which domestic energy production is adequate to meet the country's needs without depending on any foreign resources (correct)

A situation where oil production is controlled by the government

What is one of the measures to pursue energy security?

Exporting oil to other countries

Reducing the use of electric vehicles

Lowering the demand for transportation fuels through the prudent expansion of the use of alternative fuel (correct)

Increasing the demand for transportation fuels

What percentage of the world's oil is used in the transportation sector?

20.21%

50.21% (correct)

30.21%

60.21%

Which country contributes 26% of the supply distribution of oil demand worldwide?

Saudi Arabia Signup and view all the answers

What is one of the ways to support energy independence?

Opening additional onshore and offshore areas to oil and gas exploration Signup and view all the answers

What is another way to support energy security?

Supporting research and development of clean coal and clean gas technologies Signup and view all the answers

What percentage of resources is consumed by the residential and agricultural sectors?

8.94% Signup and view all the answers

What is a potential threat to states' revenue collection due to globalization?

Earnings hidden in foreign financial institutions Signup and view all the answers

What is the term for an investment made by a firm or individual in one country into business interests located in another country?

Foreign Direct Investment (FDI) Signup and view all the answers

What is a result of economies of scale?

Reduced cost per unit Signup and view all the answers

What is a consequence of globalization on national sovereignty?

Decreased national sovereignty Signup and view all the answers

What is equity in the context of companies?

The value of shares issued by a company Signup and view all the answers

What is the primary goal of the New International Economic Order (NIEO)?

To improve the existing international economic system Signup and view all the answers

Which countries are represented by the acronym BRICS?

Brazil, Russia, India, China, and South Africa Signup and view all the answers

What is one of the principles of the New International Economic Order (NIEO)?

Adopting new economic agreements that give special treatment to LDCs Signup and view all the answers

What is the purpose of the New International Economic Order (NIEO)?

To provide an opportunity for new states to participate in international economic arena Signup and view all the answers

Which country has been reported to be the richest country today based on GDP expressed in purchasing power parity?

China Signup and view all the answers

What is one of the goals of the New International Economic Order (NIEO)?

To transfer advanced technologies from developed countries to developing countries Signup and view all the answers

What is the significance of the New International Economic Order (NIEO)?

It provides an opportunity for developing countries to realize economic development Signup and view all the answers

What is the primary goal of the Eurasian Economic Union (EEU)?

To regain Russia's global prestige as a 'great power' Signup and view all the answers

What is the total cost of the six corridors of railways, roads, pipelines, ports, and logistics hubs under the Belt and Road Initiative (BRI)?

6 trillion dollars Signup and view all the answers

What is the name of the currency reserve fund created by the BRICS countries?

BRICS Contingency Fund Signup and view all the answers

Who introduced the institutional innovations under the Belt and Road Initiative (BRI)?

Xi Jinping Signup and view all the answers

What was the capital of the BRICS New Development Bank when it was created in July 2015?

100 billion dollars Signup and view all the answers

Which year did China join the World Trade Organization (WTO)?

2001 Signup and view all the answers

What is the concept promoted by Hu Jintao in China?

Harmonious Society Signup and view all the answers

Which country has been a major outsourcing destination for United States companies?

India Signup and view all the answers

Who is credited with bringing India to the global power stage?

Narendra Modi Signup and view all the answers

What is the definition of culture according to Sir Edward Tylor?

A complex whole which includes knowledge, belief, art, law, morals, custom, and any other capabilities and habits acquired by man as a member of society Signup and view all the answers

What is a consequence of cultural exchange in the contemporary world?

The making and remaking of culture in different societies Signup and view all the answers