Answers EconomicsThe Global Economy

The Global Economy — Test Answers

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"GDP per capita" means that the GDP is calculated per

person.

country.

day.

dollar.

Which statement best describes how globalization is affecting the world?

Globalization is growing less important as time passes.

Countries are growing less likely to trade with one another.

The world is becoming more globalized and connected.

Globalization has resulted in fewer connections among countries.

Trade agreements are helpful because they allow countries to

trade for necessary goods.

increase trade tax revenue.

help create new trade barriers.

influence foreign trade.

Tariffs and subsidies are both types of

monetary restrictions for the domestic producer.

economic benefits for the consumer.

economic benefits for the international producer.

positive and negative incentives.

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