global economics, economics homework help

_________ established the machinery for multilateral (many-nation) negotiations.

European Union

World Trade Organization

General Agreement on Tariffs and Trade

Tariffs of Abominations

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____________ is a move toward an integrated world.

GATT

Developing nations

Globalization

Multinational

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All of the following would be considered a multinational EXCEPT:

Ford Motors Company

Shell Oil Company

Chevron Oil Company

All of these are multinationals.

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The WTO succeeded the GATT.

True

False

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Which of the following is one thing that specialization and division of labor have in common?

They both lowers productivity.

They both increase productivity.

They both have negative effect on the world economy.

Only specialization has a positive effect on the economy while division of labor does not.

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_________ group of six European countries formed in 1951 to coordinate iron and steel production to ensure peace among member countries.

EU

ECSC

GATT

World Trade Organization

—————————————

The FTAA was set up for the European nations to reduce trade barriers amongst them.

True

False

———————————————

Solar power is considered a ________.

renewable energy source

tariff energy

non renewable energy source

division of labor

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Which is considered the biggest nonrenewable energy source?

wood

grass

oil

solar power

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Wind-generated electricity is a ________.

nonrenewable energy source

renewable energy source

solar power

biggest nonrenewable energy source