Which term refers to the global problem involving developed and developing nations?

North-South conflict

____________ is a country's ability to produce a good at a lower

opportunity cost than another country can.

Comparative advantage

What is the name for a system in which private citizens own the factors of production?

market economy

In which form of governmen t do the executive and legislative functions both reside in an elected assembly?

parliamenta ry system

What eliminated all trade barriers among the United States, Canada, and Mexico?

NAFTA

In a ___________system of government, power is centralized.

unitary

What is the policy of protecting domestic industries from foreign competition by placing tariffs on imports?

protectionism

The ________________ makes China's national policy.

Politburo

The ____________ more often involved a clash of ideas rather than a clash of arms.

Cold War

Who is the chief executive officer of the United Nations?

secretary-genera