AnswersMCS Economics BLWriting Workshop: The Effects of Globalization

Writing Workshop: The Effects of Globalization — Unit test Answers

15 verified answers1 views
1
Free Preview

National Export InitiativeFTA Tariff ToolEuropean UnionAssociation of Southeast Asian Nations

A
National Export Initiative
B
FTA Tariff Tool
C
European Union
D
Association of Southeast Asian Nations
2
Free Preview

difficultvagueappropriateeasy

A
difficult
B
vague
C
appropriate
D
easy
3

Globalization is the process of

l
limiting exhange of goods and services.
c
connecting the world over time.
r
requiring or relying on something.
f
focusing on certain goods and services.
4

Why do developing countries usually have less variety in their economic activities?

L
Limited access to education means that people are not trained to work in industry or technology.
F
Focusing on one or two economic activities leads to more rapid economic development.
D
Developing countries are usually small and have limited populations and resources.
P
People prefer the lifestyle that accompanies traditional activities such as farming.
5

What is a benefit associated with free trade?

i
increased government revenue from tariffs
e
enhanced innovation and technology
l
limited market access for domestic industries
h
higher inflation due to import competition
6

How did NAFTA affect the economies of participating countries?

A
by creating unrestricted trade benefits
B
by raising employment rates and standards of living
C
by creating a balance of exports and imports
D
by increasing the overall volume of production
7

What type of economic growth do most developed economies experience?

A
rapid growth
B
unpredictable growth
C
moderate growth
D
slow growth
8

The North American Free Trade Agreement created a free trade zone between Canada, the United States, and .

Answer not available
9

An exchange rate table makes it easy to compare the

A
different currency denominations used by a single country.
B
cost to produce the currency used by a single country.
C
value of the currencies for two or more countries.
D
unemployment rates for two or more countries.
10

best

b
benefits producers or consumers when taking action.
p
pushes producers or consumers to act on the government's behalf.
m
motivates producers or consumers to take action.
f
forces producers or consumers to act in a certain way.
11

What should be included in an informative essay? Check all that apply.properly cited sourcesemotional languageparenthetical citationssmooth transitionssupporting details

A
properly cited sources
B
emotional language
C
parenthetical citations
D
smooth transitions
E
supporting details
12

Why does an increase in literacy rates often accompany an increase in per capita income?

P
People who have higher-paying jobs often have the time available to develop literacy skills.
D
Developing countries have higher-than-average literacy rates, which typically leads to higher income.
P
People who can read and who receive an education are eligible for higher-paying jobs.
D
Developed countries often attempt to raise low literacy rates to improve income.
13

What are standards designed to do? Check all that apply.protect consumerssupport domestic industrieslimit importsensure safetyoffer domestic industries an advantage

p
protect consumers
s
support domestic industries
l
limit imports
e
ensure safety
o
offer domestic industries an advantage
14

A factory owner might decide to manufacture shirts in Pakistan instead of the United States because

i
it is less expensive to make shirts there.
i
it is worth paying more for foreign labor.
w
workers in Pakistan are more skilled.
w
workers in Pakistan work fewer hours.
15

In developed economies, less-educated workers

h
have more jobs to choose from.
a
are often more highly skilled than other workers.
m
may be outsourced to other nations.
c
can have difficulty finding work.

Did you find these answers helpful?

More from this Course

Quiz
15 verified answers

Unit Test

Quiz
14 verified answers

Unit Test

Quiz
10 verified answers

Writing Workshop: The Effects of Globalization

Writing Workshop: The Effects of Globalization —…