Proponents of Globalization and Reduced Trade Restrictions Would Argue That

question 82

Multiple Choice

Proponents of globalization and reduced trade restrictions would argue that they are largely responsible for:

• A) reducing by half the number of people living in extreme poverty, howbeit, five years later than the U.N.'s goal.
• B) reducing by half the number of people living in extreme poverty five years ahead of the U.N.'s goal.
• C) reducing by two-thirds the under-five mortality rate as scheduled by the U.N.'s goal.
• D) reducing by half the number of people living without sustainable access to safe drinking water five years ahead of the U.N.'s goal.

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Definitions:

Floating Exchange Rate

A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market.

Fixed Exchange Rate

A currency system in which the value of a country's currency is tied to the value of another single currency, a basket of other currencies, or another measure of value, such as gold.

Trade Barriers

Trade Barriers are government-imposed restrictions on the free exchange of goods and services between countries, including tariffs, quotas, and subsidies.

Free Trade

An economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move freely across borders.