Economic Development — Cumulative exam Answers
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The graph shows US trade with China from 1990 to 2018.
T
The United States has a trade surplus with China.C
China’s economy is declining, which has harmed trade.T
The United States has a trade deficit with China.C
China’s economy is improving, which has helped trade.22
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When individuals are looking for jobs but are unable to find work, they are said to be .
Answer not available
23
This graph shows changes in GDP and the unemployment rate in the United States in recent years.Which statement most accurately describes the trends shown on this graph?
W
When GDP falls, unemployment rises.G
GDP and unemployment have little to do with each other.W
When GDP rises, unemployment rises as well.G
GDP and unemployment rise at times of world crises.24
Why do developing countries usually have less variety in their economic activities?
L
Limited access to education means that people are not trained to work in industry or technology.F
Focusing on one or two economic activities leads to more rapid economic development.D
Developing countries are usually small and have limited populations and resources.P
People prefer the lifestyle that accompanies traditional activities such as farming.25
What decisions does the business cycle help businesses make? Choose four answers.whether to stay at old facilities or move to new facilitieswhether to grow or shrink the businesswhether to keep or change productswhether to increase or decrease productionwhether to hire or lay off workerswhether to invest or save money
w
whether to stay at old facilities or move to new facilitiesw
whether to grow or shrink the businessw
whether to keep or change productsw
whether to increase or decrease productionw
whether to hire or lay off workersw
whether to invest or save moneyDid you find these answers helpful?
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