Answers EconomicsThe Global Economy

The Global Economy — Test Answers

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The Middle East is best associated with which internationally traded product?

electronics

manufactured goods

oil

bananas

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

agreed to use only two types of currency.

shared the same currency.

eliminated denominations for currency.

chose paper currency over coins.

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

to decrease trade

to limit imports

to create free trade

to establish quotas

How has a change in internet access from 2003 to 2019 most likely affected 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.

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.

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