Unit 8 A The United States and the World Flashcards


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1

its main business is the improvement of human living conditions

Economics and Social Council

2

countries politically and economically dominated by
another country

satellites

3

executive body of China

State Council

4

the idea that countries should cooperate to promote
common aims

internationalism

5

most developed countries are located here

Northern Hemisphere

6

a system in which all major economic decisions are
made by a central government

command economy

7

a representative government in which no rulers inherit office

republic

8

the British equivalent of the American Republican Party

Conservatives

9

the difference between the value of a country's exports
and its imports

balance of trade

10

group that oversees trade among nations

World Trade Organization