Use the Following to Answer Questions

question 48

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-A Scottish factory worker and poet who wrote about the inequalities and exploitation of industrial life and called on the "master" of the mill to behave in a benevolent fashion toward his employees.

• A)steam engine
• B)Indian cotton textiles
• C)middle-class values
• D)lower middle class
• E)Karl Marx
• F)Ellen Johnston
• G)Labour Party
• H)Luddites
• I)socialism in the United States
• J)Progressives
• K)Russian Revolution of 1905
• L)caudillos
• M)Latin American export boom
• N)Mexican Revolution
• O)dependent development

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Definitions:

Comparative Advantage

The ability of an individual or economy to produce goods or services at a lower opportunity cost than competitors, leading to specialized production and trade.

World Trade Organization

An international organization established to supervise and liberalize world trade, dealing with the rules of trade between nations.

Global Trade

The exchange of goods, services, and capital across international borders and territories.

Trade Disputes

Conflicts that arise between countries or parties due to disagreements over trade policies, tariffs, or market access.