Social Studies Review

The following are part of the 3tions of economic globalization EXCEPT one

• Liberalization

• Privitization

• Deregulation

• Tarrification

The loosening of government control

• Cyclical unemployment

• Deflation

• Liberalization

True or False

expansion of social relations and consciousness refers to the increasing number of connections and networks

• True

• False

changes in our perception of time and space refers to the feeling that the world is becoming a smaller place

• True

• False

refers to the stretching and acceleration of global networks

Government policies that restrict international trade to help domestic industries.

• Tariffs

• Economic Protectionism

It is also known as the “hidden tax”

• Teriffication

• Market Tax

• Exice Tax

a type of economic system where supply and demand regulate the economy, rather than government intervention.

the total value of goods and services a country provides in one year.

result of the decreased demand in labor that occurs at each season’s end