Unit Test — Unit test Answers

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21
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Politcal, social, and economic opportunities are more available to women, ethnic and religious minorities, and other underrepresented populations in --

A
Cultures that embrace democracy and individual freedoms.
B
Cultures that rely on migrant labor.
C
Cultures that operate under theocracies.
D
Cultures that use command economies.
22
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All of the following are indicators of a high dependency rate except __________.

A
a rapid population growth
B
a high death rate and a high birth rate
C
a low life expectancy
D
a high average age
23

A mixed economy has strong elements of both __________ and __________ economies.

A
planned . . . traditional
B
market . . . planned
C
market . . . traditional
D
planned . . . command
24

Which nation has a communist command economy?

A
Norway
B
North Korea
C
South Korea
D
the United States
25

What is the relationship between Gross Domestic Product (GDP) and the Human Development Index (HDI)?

A
A high GDP is related to a high quality of life and high development.
B
A low GDP is related to a high quality of life and low development.
C
A low GDP is related to a low quality of life and high development.
D
A high GDP is related to a low quality of life and high development.
26

In a low-income household in the developed world, more than 30% of a woman’s income typically goes toward __________.

A
transportation costs
B
child care
C
clothing and incidentals
D
the repayment of educational loans
27

Which statement best describes a command economy?

A
Government intervention in economic choices is strictly forbidden.
B
The government determines economic choices and makes most decisions.
C
The decisions made by producers and consumers drive all economic choices.
D
Producers and consumers make some economic choices while the government makes others.
28

The goal of a market economy is to

A
sustain self-sufficiency.
B
preserve traditional customs.
C
create equality within a society.
D
promote free economic choices.
29

One of the most significant problems facing governments with low GDP is that a low GDP often results in __________.

A
lower-than-average infant mortality rates
B
less available tax revenue
C
increased economic growth
D
lower unemployment rates
30

The US economy is based heavily on __________ sector jobs.

A
primary
B
secondary
C
tertiary
D
quaternary
31

Read the statement below and answer the question that follows.Relationships with family, friends, and community far outweigh money or things. Which of the following indicators would most likely use the statement above as a justification for its measurements?

A
Walt Rostow's Modernization Model
B
the Genuine Progress Indicator
C
the Gross Happiness Index
D
the Human Development Index
32

What is one way US workers are affected when jobs are outsourced to less-developed countries?

A
US workers are not affected when jobs are outsourced.
B
US workers have to move internationally to do their jobs.
C
More people come to the US to lighten US workers' workload.
D
Workers in foreign countries do US workers' jobs for less money.
33

Although China’s total economic output, measured by Gross Domestic Product (GDP), is third largest in the world, it is considered a developing nation. What is most likely the most important factor for this designation?

A
China’s government spends money on things that do not benefit human development.
B
China has a large population, so its GDP per person is only modest.
C
China has a strong economy but weak literacy and school attendance rates.
D
China’s high rates of disease offset the country's economic gains.
34

Informal labor is part of every country's economy.Please select the best answer from the choices provided.

A
T
B
F
35

A comparative advantage is the ability of a country to produce a particular good or service at a lower ____________ than another country.

A
opportunity cost
B
production cost
C
absolute advantage
D
manufacturing advantage Please select the best answers from the choices provided.
36

Which of the following scenarios would not be considered part of the informal sector?

A
Jane sells copies of illegally downloaded videos to her friends.
B
Allen, a middle school student, is paid to mow lawns for his neighbors.
C
Miguel pays cash for a stack of children’s books at a yard sale.
D
Erin pays taxes on each paycheck she receives at work.
37

How do debt repayment and structural adjustment terms hamper economic development?

A
Only wealthy nations need to repay their debts, so it slows their progress.
B
This is no longer a problem because debt repayment was completely erased after World War II.
C
Both measures rob a developing nation of money it could use to invest in social welfare improvements.
D
They always penalize highly developed nations rather than underdeveloped ones.
38

Child trafficking is most similar to __________.

A
slavery
B
war games
C
international travel
D
child protection
39

Which of the following statements about female illegal migrant workers is false?

A
Their work is unregulated by the government.
B
They lack access to legal protections.
C
Their wages usually are higher than similar formal sector jobs in the same economy.
D
Many workers are forced into harsh working conditions, abusive situations, or slavery.
40

A mixed market economy tends to exist under a

A
communist government that provides little regulation.
B
democratic government that provides some regulation.
C
representative government that provides no regulation.
D
socialist government that provides a lot of regulation.

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