tfch17 - Chapter Seventeen: Global Society 1. The World...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter Seventeen: Global Society 1. The World Trade Organization (WTO) has no judicial responsibility with regard to international trade. a. TRUE b. *FALSE 2. The International Monetary Fund (IMF) was originally established as a way to provide investments for developing countries. a. TRUE b. *FALSE 3. International Monetary Fund (IMF) loans usually require debtor governments to take a more interventionist role in the economy. a. TRUE b. *FALSE 4. Among other things, the World Bank Group (WBG) encourages private sector investment in developing countries. a. *TRUE b. FALSE 5. To compete for foreign investment, countries feel pressured to reduce taxes and government services, and weaken the labour and environmental protection laws. a. *TRUE b. FALSE 6. Hot money refers to profits made from illegal activities such as drug trafficking. a. TRUE b. *FALSE 7. From an anti-globalization viewpoint, the Canadian government’s economic policy during the 1990s supported the development of an international capital market at the expense of the unemployed. a. *TRUE b. FALSE 8. Most damage to domestic industries in Third World countries comes from capital-intensive industries in rich countries. a. *TRUE b. FALSE 9. Subsidies and other ways to protect industrial development in Third World countries are an issue that has created significant conflict between the World Trade Organization and the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/16/2010 for the course SOC 101 taught by Professor Barrym during the Fall '09 term at Waterloo.

Page1 / 4

tfch17 - Chapter Seventeen: Global Society 1. The World...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online