econ last2

Which of the following is an example of a regional economic bloc?

A. the North Atlantic Free Trade Agreement

Because it focuses specifically on agriculture, the International Olive Council is not considered an intergovernmental organization.

F

Intergovernmental organizations focus only on political and economic issues.

F

Using complete sentences, explain what is meant by "globalization."

Responses may vary but should include some or all of the following information: Globalization refers to the formation of multinational corporations, the formation of international organizations like the IMF and WTO, the removal of trade barriers between countries, and the growth of regional economic blocs like NAFTA and the EU

Describe the role of intergovernmental organizations, and provide examples of the types of organizations that exist today.

Responses may vary but should include some or all of the following information: Intergovernmental organizations are important in today's world. Three or more states form these organizations in order to pursue and promote shared goals. These organizations focus on economic, social, environmental, and political issues, and pursue scientific study. Examples of intergovernmental organizations include the World Health Organization (WHO), which is committed to minimizing disease outbreaks and promoting healthy living and diet; the Organization of Arab Petroleum Exporting Countries (OAPEC), which promotes the oil trade as well as cooperation between member states; and the International Whaling Commission, which monitors whale stocks in waters around the globe to ensure the continuation of whale species.

Using complete sentences, describe three negative effects of globalization.

Responses may vary but should include some or all of the following information: Negative effects of globalization include the spread of undesirable elements like military weaponry, the reduction of cultural diversity, the exploitation of weaker nations by stronger ones, and excessive power being focused in large multinational corporations.

Using complete sentences, identify three positive effects of globalization.

Responses may vary but should include some or all of the following information: Positive effects of globalization include the creation of a "global village" to increase understanding and reduce tensions between nations, increased efficiency and prosperity, and the spread of ideas and technology, including democracy, telecommunications, and medical advancements.

Using complete sentences, describe the advantages of the European Union.

Responses may vary but should include some or all of the following information: The European Union (EU) is an economic and political partnership between European nations that was formed in 1994. It created a single market for these countries, eliminating trade barriers and adopting the Euro as a common currency. The production and population of the EU exceeds that of the US.

The World Health Organization (WHO) is specifically responsible for all of the following except __________

providing food during crisis situations

Responses may vary but should include some or all of the following information: Negative effects of globalization include the spread of undesirable elements like military weaponry, the reduction of cultural diversity, the exploitation of weaker nations by stronger ones, and excessive power being focused in large multinational corporations.

the Nuclear Non-Proliferation Treaty