Unit Test — Unit test Answers

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In 2020 Washington’s leading import was

A
petroleum oils.
B
passenger motor vehicles.
C
natural gas.
D
video game consoles.
3

What are Washington’s economic goals? Select three options.encouraging business growthincreasing international tradeincreasing natural resourcesstarting new industriesusing resources carefully

A
encouraging business growth
B
increasing international trade
C
increasing natural resources
D
starting new industries
E
using resources carefully
4

Someone who wants to have money in the future can either save or

A
take out a mortgage.
B
make an investment.
C
use several credit cards.
D
borrow money from a friend.
5

Which did Washington experience in the years just after World War II? Select five options.new industriesnew forms of governmentgrowth of citiesnew forms of transportationgrowth of suburbsadvances in technology

A
new industries
B
new forms of government
C
growth of cities
D
new forms of transportation
E
growth of suburbs
F
advances in technology
6

People are good managers of their assets when they

A
spend more on wants than needs.
B
buy as much stock as possible.
C
spend, save, and invest responsibly.
D
pay high interest rates on credit cards.
7

Which social change was a direct result of the baby boom in Washington?

A
rise in segregation
B
growth in population
C
improvement in health care
D
end to discrimination
8

This map shows mean household income in Washington counties.

Question illustration
A
There is no mean household income in the state.
B
There is little poverty in the state.
C
There is no poverty around large cities.
D
There is much wealth in heavily populated areas.
9

How many people were employed in Washington in 2022?

A
approximately 2.2 million
B
approximately 2.5 million
C
approximately 3.8 million
D
approximately 4.9 million
10

Which is true of service industries?

A
They produce goods to be traded.
B
They involve the use of knowledge and information.
C
They require natural resources for production.
D
They involve the use of raw materials.
11

Carl Maxey used legal action to

A
maintain segregated schools.
B
bring an end to the cold war.
C
fight for civil rights.
D
support the computer industry.
13

One of the challenges free trade agreements may cause for some regions is

A
reduced innovation.
B
fewer imports.
C
decreased cooperation.
D
job loss.
14

What was the goal of NAFTA? Choose three answers.to eliminate barriers to trade between the three membersto force some industries to end all operationsto increase economic cooperation between countriesto decrease employment in all regionsto eliminate taxes on imports and exports

A
to eliminate barriers to trade between the three members
B
to force some industries to end all operations
C
to increase economic cooperation between countries
D
to decrease employment in all regions
E
to eliminate taxes on imports and exports
15

Which is a need rather than a want?

A
going to the movies or to a play
B
buying medicine to treat an illness
C
buying a car to impress neighbors
D
taking a trip to relax and have fun
16

The chart shows sources of income for retirement.

A
retirement is far away for most people and of little concern.
B
Social Security will cover the costs of people who retire.
C
it is wise to have retirement income from several sources.
D
keeping a budget will guarantee people a worry-free retirement.
18

Why did Washington's GDP drop in 2020?

A
a decline in tourism.
B
a shortage of technology workers.
C
the COVID-19 pandemic.
D
a decrease in natural resources.
19

A high level of employment in Washington is an indicator of

A
economic success.
B
equal wealth distribution.
C
a gross domestic product.
D
increasing imports.
20

To be a wise financial planner, it is most important to know

A
how much college costs.
B
what assets are available.
C
the cost of luxury items.
D
what interest rates are.

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