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WSET ® Level 4 D2 Business of Wine flashcards

Theme 4

This class was created by Brainscape user Matthew Wharldall. Visit their profile to learn more about the creator.

By: Matthew Wharldall
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Decks in this class (16)

4.1.1 Globalisation
What is globalisation,
What are the 4 causes of globalis...,
How has technology and communicat...
11  cards
4.1.2 Specialisation and Trade
What is an absolute advantage,
What is a comparative advantage,
What are the advantages of specia...
4  cards
4.1.5 Types of Trading Blocs
What is a customs union,
What are the advantages of a cust...,
How does a customs union create i...
15  cards
4.1.6 Restrictions on Free Trade
What is a tarriff,
On the diagram before the tarriff...,
When imports are high what happen...
25  cards
4.1.1 Terms of Trade
What is the equation of the terms...
1  cards
4.1.7 Balance of Payments
What is the balance of payments,
What is the current account withi...,
What are income transfers current...
10  cards
4.1.8 Exchange Rates
What is an exchange rate,
What are the 3 types of exchange ...,
What is a floating exchange rate
23  cards
4.1.9 International Competitvness
What is international competitive...,
What are the two ways to measure ...,
How does one calculate relative u...
10  cards
4.2.1 Absolute and Relative Poverty
What is absolute poverty,
What is relative poverty,
What are the causes of absolute a...
7  cards
4.2.2 Inequality
What is wealth,
What is income,
What are the two ways in which we...
20  cards
4.3.1 Measures of Development
0  cards
4.3.2 Factors Influencing Growth and Devlopment
What are the 4 main factors affec...,
What is a primary product,
What does mining account for of s...
20  cards
4.3.3 Strategies Influencing Growth and Development
What are the 6 market based strat...,
How does trade liberalisation imp...,
What are the 6 advantages of trad...
56  cards
MACRO FACTS
What is the budget deficit in the uk,
What is the national debt of the uk,
What expansionary policy was used...
11  cards
4.4.1 The Role of the Financial Sector
What is a financial market,
What are the 4 roles of a financi...,
Explain the facilitate saving rol...
12  cards
4.5.4 Macro Policies in a Global Market
What is transfer pricing
1  cards

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Theme 4

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