The International Labor Organization, Social Accountability International and the World

question 5

Multiple Choice

The International Labor Organization, Social Accountability International and the World Trade Organization are examples of _____.

• A) agencies of the United Nations
• B) nongovernmental organizations
• C) anticapitalistic movements
• D) agencies of the European Union
• E) intergovernmental groups created by NAFTA

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Definitions:

Nonrenewable Resource

A nonrenewable resource is a natural resource that cannot be replenished or takes a very long time to replenish at the same rate it is consumed or used.

Saving Rates

The proportion of disposable income that is saved by households rather than spent on goods and services.

Real GDP

The total market value of all final goods and services produced in a country in a given year, adjusted for inflation.

Constant Returns To Scale

The property whereby long-run average total cost stays the same as the quantity of output changes.