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IB final exam With 100% ACCURATE QUESTIONS AND ANSWERS GRADED A+
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JACKLINEIB final exam With 100% ACCURATE QUESTIONS AND ANSWERS GRADED A+
Terms in this set (99)
is a right granted to the inventor of a produce of process that excluded others from making,
Patent
using, or selling the invention.
are words or symbols that distinguish a product and its manufacturer. protection last indefinitely,
Trademarks
provided the word or symbol continues to be distinctive.
gives creators of original works the freedom to public or dispose of them as they choose. can
Copyrights reproduce the work, derive new works from it, sell or distribute it, perform it, and display it
publicly.
trend towards greater economic, cultural, political and technological interdependence among
Globalization
national institutions and economics.
Cultural literacy detailed knowledge of a culture that enables a person to function happily and effectively within it.
refers to a manufacturer or seller being held liable for placing defective product into the hands of
Product liability
a consumer.
IB final exam
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, 9/19/24, 10:00 AM
is the total value of final goods and services produced within a nation in a particular year, plus
GNP income earned by its citizens. (measures the value of goods and services that the country's
citizens produce regardless of their location).
Globalization debate the tone of the debate is more civil and reasoned to the benefit of all parties involved.
Culture set of values, beliefs, rules, and institutions held by a specific group of people.
Totalitarianism the belief that every aspect of people's lives must be controlled to preserve order.
Pluralism the belief that both private and public groups belong in politics.
Anarchism the belief that only individuals and private groups can preserve political liberties.
can be traced to Rome in the 5th century B.C, and is the most common legal tradition. Based on a
detailed set of written rules and statutes that constitute a legal code. It can be less adversarial
Civil law
than common law because the legal code defines all obligations, responsibilities, and privileges
of the parties to a contract.
system originated in England 10 centuries ago. flexible because it takes into account particular
situations and circumstances. It is based on; tradition- or a nation's legal history. Precedent- or
Common law
past cases that have come before the courts. And usage- or how laws are applied in specific
situations.
Purchasing power parity relative ability of two nations' currencies to buy the same "basket" of goods in those two nations
is a composite statistic of life expectancy, education, and income per capita indicators, which are
Human development index
used to rank countries into four tiers of human development.
is a currency system in which governments try to maintain their currency value constant against a
Exchange rate system
specific currency or good.
Spot rate Exchange rate requiring delivery of traded currency within two business days.
Forward rate rate at which two parties will exchange currencies on a specified future date.
Merchantilism Nations accumulate financial wealth by encouraging exports and discouraging imports.
Three pillars maintain trade surplus, government intervention, exploit colonies
IB final exam
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