AnswersFL-2106010-MJ Civics B-CRUnit Test

Globalization and International Trade Answers

10 verified answers1 views
1
Free Preview

Which scenario illustrates how higher productivity might result in a higher standard of living?

A
Kerzi’s company has met its production goals for the last three years. Last year the company achieved its goal by increasing the number of hours each employee works by five hours per week. This year, the company had to add more employees and increase the workweek.
B
Firouz’s company has automated much of its production. As a result, the company has been able to cut its workforce by half and still increase the factory’s output. The lower number of hours worked and the high output has increased the company’s productivity.
C
Liam’s company has streamlined production, which has resulted in the company making more goods in less time. As a result, the company has shortened the workday to six hours. Liam uses his extra free time to attend college classes. He hopes a degree will lead to a higher-paying career.
D
Tamira’s company has just been awarded a large contract to make airplane parts for the US military. The company won the contract by promising to provide the parts in a short period of time. To achieve high productivity, the company is increasing the workweek by 10 hours.
2
Free Preview

Review the table, which provides unemployment figures.

Question illustration
A
White Americans
B
Black or African Americans
C
Asian Americans
D
Hispanic or Latino Americans
3

What output do economists use when calculating an economy’s productivity?

A
gross domestic product
B
gross domestic product per capita
C
total number of work hours
D
total wages of all workers
4

To calculate the per capita rate, what should a country’s GDP be divided by?

A
the total number of people in the labor force
B
the total number of people looking for work
C
the total output of all factories and businesses
D
the total number of people living in the country
5

Marcus makes birdhouses, which he sells online. He can make three birdhouses a day. What is the best way for him to increase his productivity?

A
increase the sale price of each of his birdhouses
B
decrease the number of materials used in his birdhouses
C
increase the number of online advertisements he posts
D
decrease the amount of time it takes to make each birdhouse
6

What must economists adjust for when comparing a country’s GDP per capita from two periods several years apart?

A
employment
B
productivity
C
inflation
D
education
7

What is the definition of standard of living?

A
the average educational level of people in a country
B
the average salary earned by workers in a country
C
the level of employment available in each region of a country
D
the quantity and quality of goods and services available in a country
8

What does a productivity rate compare?

A
what different goods and services can be sold for
B
what is being produced to what is used to make it
C
what it costs to produce various goods and services
D
what consumers want versus what producers provide
9

Hoshi has a business making custom skateboards. To make each board, she needs seven layers of thin maple wood, glue, varnish, graphics, wheels, grip tape, and hardware. These supplies cost her $75 per board. She sells each board for $150.

A
$2
B
$75
C
$150
D
$225
10

What do economists mean by unemployment?

A
the state of any person who is not working in a job that pays wages
B
the state of people who do not have a job, but are actively looking for work
C
the state of people being replaced by robots or other forms of automation
D
the state of people being employed in one or more low-paying jobs

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

Measuring Economic Change

Quiz
10 verified answers

Opportunity Cost

Quiz
1 verified answers

Unit Test

Globalization and International Trade Answers…