AP Human Geography / Unit 7: Industrial and Economic Development Patterns and Processes
7.6 Trade and the World Economy
Notes
- Comparative advantage, free trade agreements (USMCA, EU), WTO, IMF, World Bank.
- Neoliberal policies, outsourcing, offshoring.
Practice
USMCA is a:
Replaced NAFTA.
Moving production to another country to lower costs is:
Cheaper labor.
The IMF and World Bank lend money mainly to:
International finance.
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