global economics, economics homework help

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

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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.

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GATT

Developing nations

Globalization

Multinational

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All of the following would be considered a multinational EXCEPT:

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Ford Motors Company

Shell Oil Company

Chevron Oil Company

All of these are multinationals.

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The WTO succeeded the GATT.

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True

False

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

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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.

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EU

ECSC

GATT

World Trade Organization

—————————————

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

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True

False

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Solar power is considered a ________.

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renewable energy source

tariff energy

non renewable energy source

division of labor

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Which is considered the biggest nonrenewable energy source?

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wood

grass

oil

solar power

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Wind-generated electricity is a ________.

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nonrenewable energy source

renewable energy source

solar power

biggest nonrenewable energy source