Unit 5 Test Answers

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If the value of the US dollar declines in relation to other currencies, goods imported into the United States will

not be allowed to enter the country.

become less expensive.

remain the same in price.

become more expensive.

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Which statement explains a way how the Securities and Exchange Commission upholds fair business practices?

The SEC makes sure that banks follow federal laws.

The SEC tries to limit risk in the financial system.

The SEC generally oversees banking practices.

The SEC generally oversees financial advisers.

Which process helps countries import things they cannot make while allowing them to specialize in exports?

absolute advantage

isolation

competition

international trade

[BLANK]

Occupational Safety and Health Administration

Environmental Protection Agency

Food and Drug Administration

Securities and Exchange Commission

Which best describes a regressive tax?

a tax that charges low-income earners a lower percentage than high-income earners

a tax that charges an equal percentage to all

a tax that charges earners based on their professions

a tax that charges high-income earners a lower percentage than low-income earners

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