Answers Summer School English II LA-English Language Arts 10 CRPrescriptive Test

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Which statement best describes how globalization is affecting the world?

Globalization is growing less important as time passes.

The world is becoming more globalized and connected.

Globalization has resulted in fewer connections among countries.

Countries are growing less likely to trade with one another.

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How can a nation benefit from effectively exporting its goods?

Its citizens can buy cheaper goods.

Its businesses can invest in the future.

Its domestic spending increases.

Its citizens have more money.

The graph shows China’s workforce from 2000 to 2019.

agriculture and away from services.

services and away from agriculture.

industry and away from services.

agriculture, services, and industry.

What kind of advantage does a country have if it can make a product more efficiently?

an import advantage.

an export advantage.

a comparative advantage.

an absolute advantage.

Which region is most likely to export bananas to the United States?

Europe

Central America

Middle East

Asia

In regard to trade, the United States

imports goods and services only.

exports goods and services only.

does not import or export goods and services.

imports and exports goods and services.

Read this news report about a planned devaluation of the bolivar, the currency of Venezuela.The president of Venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. The official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. By increasing the bolivar value of exports of oil to the US and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations.In response to the announcement, the people of Venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases.

followed the law of supply and demand.

allowed the exchange rate to remain unchanged.

increased the number of bolivars needed to buy one dollar.

decreased the number of bolivars needed to buy one dollar.

One factor that indicates a developed economy's standard of living is its

growth in outsourcing rates.

strong social connections.

high levels of education.

low GDP per capita.

The chart below shows an exchange rate table.

US dollar.

Swiss franc.

Japanese yen.

euro.

What role does competition play in international trade?

It results in higher prices.

It discourages imports.

It drives down prices for consumers.

It does away with the need for investment.

Which trade organization is responsible for 90% of the world’s trade?

the EU

ASEAN

the WTO

NAFTA

Globalization leads to more trade between

consumers.

businesses.

factories.

countries.

Global trade provides consumers with

more options and lower prices.

fewer options and lower prices.

more options and higher prices.

fewer options and higher prices.

Which of these factors would strengthen demand for a nation’s currency on the international market? Select all that apply.high domestic inflation stability of governmentvictory in warhigh gross domestic productdefeat in warlow unemployment rates

high domestic inflation

stability of government

victory in war

high gross domestic product

defeat in war

low unemployment rates

It’s important for countries to exchange currencies so that goods from other nations can be

manufactured.

destroyed.

traded.

regulated.

Read this excerpt describing the mission of the World Bank.The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.

The World Bank is a source of financial assistance.

The World Bank aims to improve living standards.

The World Bank provides low-interest loans and credit.

The World Bank serves people of different income levels.

How might foreign investment be problematic for a transitioning economy?

Foreign investment can temporarily slow economic growth.

It may be difficult to adjust to another nation’s influence.

A foreign government may seize control of the country.

The transitioning economy must adopt a foreign currency.

As of 2013, which of these countries had the highest GDP per capita?

Uganda

the United States

Switzerland

Brazil

Which is the best example of a country that is dependent on other countries?

a country that has little fertile soil

a country that has no imports

a country with grain surpluses

a country with a diverse economy

How has globalization made countries more interdependent? Choose five answers.Countries now rely on one another for vital resources.Countries now rely on each other for new industries.Countries now rely on one another for chances to import and export.Countries now rely on one another to lower their GDP.Countries rely on each other for cheaper products.Countries now rely on one another for an employment base.

Countries now rely on one another for vital resources.

Countries now rely on each other for new industries.

Countries now rely on one another for chances to import and export.

Countries now rely on one another to lower their GDP.

Countries rely on each other for cheaper products.

Countries now rely on one another for an employment base.

The best time for Americans to import French cheese is when they can

exchange a combination of goods and US dollars for euros.

buy the most euros for US dollars.

buy the most US dollars for euros.

exchange US dollars for pesos and then for euros.

What is the benefit in reaching the absolute advantage in the production of one good?

to produce more units of a good than other countries

to produce fewer units of a good than other countries

to produce more units of a good while using fewer resources

to produce fewer units of a good while using fewer resources

Purchasing power parity is used to compare the gross domestic product between

businesses.

consumers.

stock markets.

countries' currencies.

Which situation is the best example of opportunity cost?

A country chooses to produce bananas instead of wheat.

A country chooses to invest in manufacturing and agriculture.

A country chooses to specialize in producing paper products.

A country chooses to export all of its products.

If investors can earn 10 percent interest in an account in Mexico but just 3 percent in the United States, those investors will most likely

continue to invest in the United States and have no effect on the exchange rate.

want to invest in Mexico and cause the exchange rate to rise.

try to do anything possible to keep the exchange rate from changing.

want to invest in Mexico, which will cause the peso to appreciate.

The graph shows households in the world with internet access from 2003 to 2019.

A 30 percent increase in internet access has most likely had little effect on globalization.

A 40 percent decrease in internet access has most likely had little effect on globalization.

A 50 percent increase in internet access has most likely sped up globalization.

A 60 percent decrease in internet access has most likely slowed down globalization.

What steps must countries take to transition to a mixed-market economy? Check all that apply.They must establish state-owned businesses.They must decrease private ownership.They must establish a fair labor market.They must discourage foreign investment.They must open up trade to other countries.

They must establish state-owned businesses.

They must decrease private ownership.

They must establish a fair labor market.

They must discourage foreign investment.

They must open up trade to other countries.

Which statement accurately describes a developing country?

The country's population has a high growth rate.

The country has a high standard of living.

The country's population has a high life expectancy.

The country has a high GDP per capita.

Which of these statements most accurately describes currencies in North America?

All countries in North America use the US dollar.

All countries in North America use the euro.

North American countries have done away with separate currencies.

Each country in North America uses its own currency.

A currency shared by several countries in Europe is the.

Answer not available

Aging populations can be a problem for developed countries because

there are fewer younger workers coming into the workforce.

most older workers demand top-level pay and full benefits.

many older people are skilled in manufacturing, not technology.

younger workers cannot find jobs when older people work longer.

The chart below shows an exchange rate table.

Japan's currency shows that it has the strongest economy of any country.

The value of each currency is shown in relation to the US dollar.

It would take six British pounds to purchase one US dollar.

Swiss francs are the strongest currency in Europe.

The chart below shows an exchange rate table.

119

121

four

by shipping raw materials to manufacture goods in other countries

by shortening travel time

by opening up new trade markets worldwide

by connecting business partners the fastest

by increasing options for travel destinations

The chart below shows an exchange rate table.

It would look the same because exchange rate tables do not change.

It would look different because exchange rate tables change constantly.

It would look different because exchange rate tables change once a month.

It would look different because more countries will have started to use euros.

Trade agreements can cause jobs to go to countries that provide those jobs

efficiently.

expensively.

freely.

gradually.

What does the International Monetary Fund (IMF) seek to accomplish for developing countries?

The IMF establishes industries and technologies in developing countries.

The IMF helps a developing country’s citizens establish bank accounts.

The IMF gives college aid to qualified individuals in developing countries.

The IMF provides economic advice and loans to developing countries.

The chart below shows an exchange rate table.

less than a pound

more than a pound

exactly one pound

about eight pounds

The primary benefit of a Free Trade Agreement is that they

allow countries to charge high tariffs on imports and exports.

allow countries to more easily buy what they do not produce.

have fewer economic restrictions than trade organizations.

can fund international finance projects.

Technologies that allow for instant worldwide communication include

high-speed trains and naval ships.

mobile phones and Internet access.

airplanes and container shipping.

outsourcing and new trade markets.

There would be no separation between one country’s economy and another’s if the entire world

shared the same currency.

chose paper currency over coins.

eliminated denominations for currency.

agreed to use only two types of currency.

rising inflation.

price deflation.

declining inflation.

increased imports.

Who decides which currency each country in the world uses?

the United Nations

each individual country

the European Union

the United States

Which region specializes in diamonds?

Central America

Middle East

Europe

Sub-Saharan Africa

In a transitioning economy, what is a downside of rapid economic growth?

Rapid economic growth can be difficult to regulate.

Rapid economic growth benefits only the wealthy.

Rapid economic growth usually leads to a crash.

Rapid economic growth may stifle cultural growth.

Each currency has a changing value relative to other currencies. This is referred to as a currency's _______.

exchange rate

currency value

exchange value

currency rate

Why are environmental problems common in developing countries?

The citizens of developing countries have not been educated about the dangers of pollution and the need to protect resources.

People in developing countries travel long distances by car to get to work and school, leading to air pollution and habitat destruction.

Rapid growth of new industries and technology has led to an enormous increase in environmental woes in developing countries.

Developing countries often specialize in manufacturing and providing raw materials, which can seriously harm the environment.

What is one stated purpose of the World Trade Organization?

to create a common currency

to encourage the expansion of exports

to monitor trade policies of many countries

to establish direct trade agreements between countries

Which statements accurately describe a country’s currency? Select all that apply.The currency is easily divisible.The currency can be used in any other country.The currency has a value that can change.The currency has denominations.The currency has a value that must stay the same.

The currency is easily divisible.

The currency can be used in any other country.

The currency has a value that can change.

The currency has denominations.

The currency has a value that must stay the same.

Trade agreements are helpful because they allow countries to

trade for necessary goods.

increase trade tax revenue.

influence foreign trade.

help create new trade barriers.

The table compares two countries and two products.

focus both on its petroleum and seafood industries

focus on the seafood industry only

focus on the petroleum industry only

decide to find another industry to focus on

One social issue often facing developing countries is

democratic rule is easily obtainable.

reluctance to accept change.

a shortage of natural resources.

very high population growth.

Which situation might cause a country to specialize?

bananas grown far from major transportation

seafood in an area with few fishing vessels

electronics in a city with few trained workers

wheat production in a region with fertile soil

What is an example of a country that makes use of another nation’s currency?

France

Germany

Panama

Mexico

best

The US and Western Europe are strong because they have high GDPs.

The US and Western Europe are weak because they have low GDPs.

The US and Western Europe are strong because they have low GDPs.

The US and Western Europe are weak because they have high GDPs.

Why do most countries both export and import goods?

to eliminate competition from other economies

to decrease the production of goods domestically

to rely entirely on foreign economies

to get a good mix of goods and services

The graph below shows the value of the US dollar versus the Canadian dollar.

rising against the Canadian dollar.

falling against the Canadian dollar.

more than twice that of the Canadian dollar.

about half that of the Canadian dollar.

What can be a result of free trade? Check all that apply.trade imbalancesdecreased productionlower economic growthincreased pollutionexploitation of workersnew opportunities

trade imbalances

decreased production

lower economic growth

increased pollution

exploitation of workers

new opportunities

most likely

Free trade helps every nation.

Free trade has drawbacks for participants.

Free trade will eliminate poverty.

Free trade must be carefully monitored.

International trade organizations promote free trade by encouraging countries to

maintain their tariffs.

establish their trade quotas.

reduce their trade barriers.

develop their products.

What is the most common reason why countries create trade agreements?

to limit imports

to create free trade

to establish quotas

to decrease trade

Countries establish internal economic zones in order to

limit foreign investment.

make solving disputes easier.

have fewer economic restrictions.

create manageable amounts of imports.

Which factor plays a role in establishing the value of a country’s currency?

the attractiveness of the currency design

the location of the country

supply and demand

distance between countries

What are the most likely reasons a US corporation would open a factory in China? Choose four answers.to take advantage of affordable land pricesto take advantage of abundant resourcesto take advantage of lower labor coststo take advantage of favorable tax lawsto take advantage of US employment opportunities

to take advantage of affordable land prices

to take advantage of abundant resources

to take advantage of lower labor costs

to take advantage of favorable tax laws

to take advantage of US employment opportunities

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