Exams

• Trade War


  Imposition of trade barrier can trigger off series of relations by trade partners
• Functions of the World Trade Organization

  • To resolve trade disputes
  • To monitor further trade liberation
• Foreign direct investments


  Long-term investment in another country or investment by a multinational corporation
• Responsibility of the national bank

  • Regulate commercial Banks
  • Control money supply
• Functions of the World Bank

  • Gives loans to development countries
  • Aims to reduce poverty
• Unemployment


  People do not have jobs and are actively looking for work
• Budget deficit


  When government spending is higher than government revenue
• Human capital


  Skills, abilities an Individual posses