AnswersEA Academy Civics 9Globalization and International Trade

Globalization and International Trade — Unit test Answers

15 verified answers
1
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Which is the best definition of international trade?

A
the number of types of currencies you can find in the world
B
the act of leaving one country and going to another country
C
the buying and selling of goods between different countries
D
the number of nationalities in a person’s family background
2
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What is one way banking has changed in the 21st century?

A
Customers can now open savings accounts that earn interest.
B
Customers can now apply for checking accounts at all banks.
C
Customers can now get personal loans at local bank branches.
D
Customers can now do banking on their computers or phones.
3

How do government programs contribute to differences in unemployment rates?

A
Government unemployment programs pay only people who lose their jobs because of automation.
B
Government unemployment programs pay only people who lose their jobs because of foreign workers.
C
Government unemployment programs vary by state in how much they pay and for how long.
D
Government unemployment programs result in people being stuck in cycles of poverty for generations.
4

Review the circle graph, which shows different sources of federal tax revenue.

Question illustration
A
income tax
B
excise tax
C
payroll tax
D
estate tax
5

During her campaign, a candidate for president talks about her plans for the federal budget. She stresses the need to increase spending for schools and other educational programs. The candidate wins and becomes the president of the United States. She submits her budget proposal, which includes a lot more funding for schools.

A
The president signs the federal budget into law.
B
Congress debates the president’s budget proposal.
C
The president tells Congress they must approve her budget proposal.
D
Congress replaces the president’s budget with their own proposals.
6

Review the photograph.

Question illustration
A
The governors of the impacted states would provide funds from their state budgets.
B
The president would tell the US Treasury to send money to the area affected by the flood.
C
Congress would approve a large sum of money in discretionary spending for various recovery efforts.
D
Mandatory spending for existing programs would be redirected to help individuals and businesses.
7

Review the diagram.

Question illustration
A
Each branch represents several decisions that a person could make.
B
Each branch represents a decision that leads to other choices.
C
Each branch represents a different person making a decision.
D
Each branch represents the correct choice a person could make.
8

One source of federal tax revenue is fees. The government charges fees for specific services it provides. What is an example of this kind of fee?

A
Esteban noticed that, after he got a raise, more money was taken out of his paycheck.
B
Sanjay and his family had to pay to use a camping spot at Yellowstone National Park.
C
Flora was surprised when the price of a pair of headphones produced in China increased.
D
Makayla’s new dog-walking business required a large sum in payroll taxes for her employees.
9

What do many entrepreneurs commonly do if their idea is not successful at first?

A
sell the idea to someone else
B
give up on the idea
C
spend more money advertising the idea
D
rework the idea multiple times
10

Which is a barrier to international trade?

A
bad weather
B
natural disasters
C
high prices for locally produced products
D
the vast distance between some countries
11

What is one of the benefits of trade policies that eliminate barriers in international trade?

A
More international trade translates to higher wages for all workers in the United States.
B
There are more goods and services available, and this competition drives down prices.
C
Sales of US products increase due to fewer foreign products in the marketplace.
D
Working conditions improve for employees in each of the trading partner countries.
12

Which describes a country with a single-resource economy?

A
It has a large budget for social programs that help its citizens.
B
It relies on one natural resource that it sells to other countries.
C
It sells several products to countries that are in need.
D
It buys a variety of products from one specific country.
13

How do economists use the GDP per capita rate?

A
They compare individual wealth in different countries.
B
They compare the standard of living in different countries.
C
They contrast the unemployment rate in different countries.
D
They contrast the productivity rate in different countries.
14

Read what President Bill Clinton said about interest rates in his 1996 State of the Union address."Lower interest rates have made it easier for businesses to borrow and to invest and to create new jobs. Lower interest rates have brought down the cost of home mortgages, car payments, and credit card rates to ordinary citizens.”—President Bill Clinton, January 23, 1996

A
Lower interest rates lead to higher prices for goods.
B
Lower interest rates do not help the economy improve.
C
Lower interest rates lead to more spending and more jobs.
D
Lower interest rates are better for businesses than for citizens.
15

Local officials in a small town are discussing a proposal to construct an outdoor stage in central downtown. They agree to survey individuals, organizations, and businesses in the community before they make a decision.

A
Different community groups might value the proposal differently.
B
The officials need all community members to agree on the proposal.
C
Different community groups’ opinions are valued more than others.
D
The officials need all community members to contribute to the project.

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