The Modern Global Economy — Unit test Answers

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The election of 2008 was historically significant for women because

there were potentially two women on the final ballot.

a third-party female candidate made a strong showing.

women outnumbered male candidates for the Senate.

women outnumbered male candidates for the House.

Which statement best describes the state of the economy when President Obama took office?

Inflation was out of control, and Americans could not afford basic necessities.

Financial institutions were failing, housing prices had fallen, and unemployment was rising.

Employment was increasing, and businesses were making record profits.

Inflation was rising, interest rates were rising, and housing prices were rising.

Which statement best summarizes a result of the 1994 midterm elections?

Democrats received a mandate to take a new approach to government.

Americans were apathetic and uninterested in the midterm election.

A Democratic president was left to work with a Republican Congress.

Voters showed they were willing to continue on the established path.

Study the graph showing the cost of personal computers over time.

Their price decreased by 50 percent, making computers more accessible to most consumers.

Their price increased by nearly 25 percent, limiting access to computers for consumers with lower incomes.

Their price remained roughly the same, making purchasing computers beyond the budget of most average consumers.

Their price consistently shifted, leading to fewer sales as computers were often too expensive for most consumers.

A provision of the General Agreement on Tariffs and Trade Treaty (GATT)

increased taxes on services between the US, Mexico, and Canada.

reduced international tariffs on industrial goods by forty percent.

increased US tariffs on agricultural products by forty percent.

ended taxes on goods traded by the US, Mexico, and Canada.

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