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18 Cards in this Set
- Front
- Back
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IMF |
International Monetary Fund Head quarters in Washington, D.C foster global monetary cooperation secure financial stability, facilitate international trade, Promote high employment. And sustainable. Economic growth and redyce poverty |
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WTO |
World trade organization Only intetnational organization dealing with the rules of trade between nations. |
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Nafta |
North american free tade agreement 3 country accord negioated by the governments of canada mexico and the U.S. |
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Embargo |
An official ban on trade or other commercial activity with a particular country |
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Tariff Tax |
Tax imposex on imported good and services. Used to restrict trade making them more expensive for consumers. |
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Social responsibility |
A duty every individual has to perform so as to maintain a balance between the economy and ecosystems. |
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EEOC |
Equal employment opportunity commission Is federal agency that enforces civil rights laws against workplace discrimination |
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Consumerism |
The protection or promotion of the interests of consumers. |
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Consumer Bill of Right |
The right to safety The right to be informed The right to choose The right to be heard |
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Monopoly |
The exclusive possesion or control of the supply or trade in a commodity or service. |
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Oligopoly |
Limited competition, in which. A market is shared by a small number of producers or sellers |
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CPI |
Consumer Price Index Examines the weighted averageof prices of a basket of consumer goods and services: transportation,food and medical care. |
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PPI |
Producer price index Measures the average change in selling prices received by domestic producers of goods and services over time. |
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GDP |
Gross Domestic Product Quantative measure of a nations total economic activity. |
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Capitalism |
Economic and political system where the countrys trade and industry are controlled by private owners for profit rather than by state. |
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Shareholder |
An owner of shares in a company |
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Stockholder |
A shareholder |
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Free enterprise |
An economic system in which private business operates in competition. And largely free of state control |
