AnswersFL-2106010-MJ Civics B-CRUnit Test

Unit Test — Unit test Answers

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Which is an advantage of having a diversified economy rather than a single-resource economy?

A
Countries with diversified economies are able to purchase more goods from other countries.
B
Countries with diversified economies provide better educational opportunities for their citizens.
C
Countries with diversified economies offer more social services to people who need them.
D
Countries with diversified economies can rely on other resources if one resource loses value.
2
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Which is a disadvantage of having a single-resource economy rather than a diversified economy?

A
The economy will not be able to support its citizens.
B
The economy will require citizens to pay higher taxes.
C
The economy will weaken if its resource loses value.
D
The economy can end up growing too fast, too quickly.
3

Jarrod is looking for a pickup truck for his small US-based business. He wants to buy a truck made in another country. When he goes to the dealership, he discovers that the price of the foreign-made truck is higher than US-made trucks. When he asks the salesperson about the higher price, the salesperson replies that it is because of a US tariff placed on foreign-made trucks.

A
It makes shipping trucks to the United States more expensive.
B
It is added to the price of foreign-made trucks sold in the US.
C
It increases the cost of building trucks for the US market.
D
It is added to the price of all trucks sold in the United States.
4

What is a trade barrier?

A
an inability to ship goods from one country to other places
B
weather patterns that affect shipping routes between countries
C
any obstacle that must be overcome to make a trade deal happen
D
any resource that competes with a resource in a different country
5

A Swedish shoe company greatly expands its market by accepting orders on its website from customers all over the world.

A
advancements in technology
B
the high quality of the shoes
C
trade deals between countries
D
the location of the shoe company
6

Which is the best example of a single-resource economy?

A
Saudi Arabia’s sale of oil to other countries accounts for nearly all of the country’s economy.
B
The United States buys billions of dollars of goods each year from the European Union.
C
China sells data processing machines, mobile phones, and other products to many countries.
D
Canada supplies most of the world’s maple syrup but this is only a small part of its economy.
7

What is a quota?

A
a limit placed on a good or service brought in from another country
B
the total number of goods and services coming into a country each year
C
a limit placed on the number of US products that people in the US can purchase
D
The number of goods that the United States sends to other countries each year
8

How can international trade agreements impact US workers?

A
by allowing employers to produce lower quality goods
B
by allowing employers to build factories in other countries
C
by allowing employers to lower factory safety standards
D
by allowing employers to raise the prices of consumer goods
9

Read what President Barack Obama said about trade policies in his weekly address from the White House on June 13, 2015."Trade that’s fair and free and smart will grow opportunity for our middle class. It will help us restore the dream we share, and make sure that every American who works hard has a chance to get ahead. That’s a cause worth fighting for—today, and every day I have the honor of serving as your President.”–President Barack Obama

A
He thinks that free trade policies do not benefit people in the United States.
B
He believes that free trade policies will help people in the US middle class.
C
He warns that free trade policies can have a negative effect on the American dream.
D
He worries that free trade policies may lead to job losses among the middle class.
10

Which is the best description of globalization?

A
Globalization describes anything that has an effect that may be felt around the world.
B
Globalization describes how easy it is for people to get from one country to another.
C
Globalization describes a city that has restaurants from many different cultural groups.
D
Globalization describes a city’s population with a large number of foreign-born inhabitants.

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