D: Different countries use different currencies.

B: Businesses can take advantage of favorable laws to make products cheaply.; B: Businesses can take advantage of favorable taxes to make products cheaply.; B: Businesses can take advantage of new forms of technology to make products cheaply.; B: Businesses can take advantage of faster technology to make products faster.

D: Different countries use different currencies.

Answers OHS ELA 10 S2 2021Prescriptive Test

Unit Test Answers

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Most countries use the dollar as their currency.

Countries in Asia use the euro as their currency.

Different countries use different currencies.

All countries are required to use the same currency.

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

People who have higher-paying jobs often have the time available to develop literacy skills.

Developing countries have higher-than-average literacy rates, which typically leads to higher income.

People who can read and who receive an education are eligible for higher-paying jobs.

Developed countries often attempt to raise low literacy rates to improve income.

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

Answer not available

How did NAFTA affect the economies of participating countries?

by creating unrestricted trade benefits

by raising employment rates and standards of living

by creating a balance of exports and imports

by increasing the overall volume of production

An exchange rate table makes it easy to compare the

different currency denominations used by a single country.

cost to produce the currency used by a single country.

value of the currencies for two or more countries.

unemployment rates for two or more countries.

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

Limited access to education means that people are not trained to work in industry or technology.

Focusing on one or two economic activities leads to more rapid economic development.

Developing countries are usually small and have limited populations and resources.

People prefer the lifestyle that accompanies traditional activities such as farming.

The graph shows US trade with China from 1990 to 2018.

The United States has a trade surplus with China.

China’s economy is declining, which has harmed trade.

The United States has a trade deficit with China.

China’s economy is improving, which has helped trade.

Which process helps countries import things they cannot make while allowing them to specialize in exports?

absolute advantage

isolation

competition

international trade

four

Businesses can take advantage of favorable laws to make products cheaply.

Businesses can take advantage of favorable taxes to make products cheaply.

Businesses can take advantage of new forms of technology to make products cheaply.

Businesses can take advantage of new forms of democracy to make products cheaply.

Businesses can take advantage of faster technology to make products faster.

Which form of transportation has led to more efficient business in a global market?

helicopters

high-speed trains

tractor trailers

cargo ships

A reason that countries trade with each other is

to help their neighbors.

to get products they cannot produce.

to sell goods they do not need.

to share excess resources.

What is a benefit associated with free trade?

increased government revenue from tariffs

enhanced innovation and technology

limited market access for domestic industries

higher inflation due to import competition

If the value of the US dollar declines in relation to other currencies, goods imported into the United States will

not be allowed to enter the country.

become less expensive.

remain the same in price.

become more expensive.

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

it is less expensive to make shirts there.

it is worth paying more for foreign labor.

workers in Pakistan are more skilled.

workers in Pakistan work fewer hours.

Why might a country choose to devalue its currency?

to please its trading partners

to encourage exports

to encourage imports

to reduce taxes

National Export InitiativeFTA Tariff ToolEuropean UnionAssociation of Southeast Asian Nations

National Export Initiative

FTA Tariff Tool

European Union

Association of Southeast Asian Nations

Which describes the difference between a trade surplus and a trade deficit?

A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports.

A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production.

A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.

In developed economies, less-educated workers

have more jobs to choose from.

are often more highly skilled than other workers.

may be outsourced to other nations.

can have difficulty finding work.

Globalization is the process of

limiting exhange of goods and services.

connecting the world over time.

requiring or relying on something.

focusing on certain goods and services.

Did you find these answers helpful?

Unit Test Answers

19 verified answers

Free Preview

most

Most countries use the dollar as their currency.

Countries in Asia use the euro as their currency.

Different countries use different currencies.

All countries are required to use the same currency.

Free Preview

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

People who have higher-paying jobs often have the time available to develop literacy skills.

Developing countries have higher-than-average literacy rates, which typically leads to higher income.

People who can read and who receive an education are eligible for higher-paying jobs.

Developed countries often attempt to raise low literacy rates to improve income.

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

Answer not available

How did NAFTA affect the economies of participating countries?

by creating unrestricted trade benefits

by raising employment rates and standards of living

by creating a balance of exports and imports

by increasing the overall volume of production

An exchange rate table makes it easy to compare the

different currency denominations used by a single country.

cost to produce the currency used by a single country.

value of the currencies for two or more countries.

unemployment rates for two or more countries.

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

Limited access to education means that people are not trained to work in industry or technology.

Focusing on one or two economic activities leads to more rapid economic development.

Developing countries are usually small and have limited populations and resources.

People prefer the lifestyle that accompanies traditional activities such as farming.

The graph shows US trade with China from 1990 to 2018.

The United States has a trade surplus with China.

China’s economy is declining, which has harmed trade.

The United States has a trade deficit with China.

China’s economy is improving, which has helped trade.

Which process helps countries import things they cannot make while allowing them to specialize in exports?

absolute advantage

isolation

competition

international trade

four

Businesses can take advantage of favorable laws to make products cheaply.

Businesses can take advantage of favorable taxes to make products cheaply.

Businesses can take advantage of new forms of technology to make products cheaply.

Businesses can take advantage of new forms of democracy to make products cheaply.

Businesses can take advantage of faster technology to make products faster.

Which form of transportation has led to more efficient business in a global market?

helicopters

high-speed trains

tractor trailers

cargo ships

A reason that countries trade with each other is

to help their neighbors.

to get products they cannot produce.

to sell goods they do not need.

to share excess resources.

What is a benefit associated with free trade?

increased government revenue from tariffs

enhanced innovation and technology

limited market access for domestic industries

higher inflation due to import competition

If the value of the US dollar declines in relation to other currencies, goods imported into the United States will

not be allowed to enter the country.

become less expensive.

remain the same in price.

become more expensive.

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

it is less expensive to make shirts there.

it is worth paying more for foreign labor.

workers in Pakistan are more skilled.

workers in Pakistan work fewer hours.

Why might a country choose to devalue its currency?

to please its trading partners

to encourage exports

to encourage imports

to reduce taxes

National Export InitiativeFTA Tariff ToolEuropean UnionAssociation of Southeast Asian Nations

National Export Initiative

FTA Tariff Tool

European Union

Association of Southeast Asian Nations

Which describes the difference between a trade surplus and a trade deficit?

A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports.

A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production.

A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.

In developed economies, less-educated workers

have more jobs to choose from.

are often more highly skilled than other workers.

may be outsourced to other nations.

can have difficulty finding work.

Globalization is the process of

limiting exhange of goods and services.

connecting the world over time.

requiring or relying on something.

focusing on certain goods and services.

Did you find these answers helpful?

Unit Test Answers

More from this Course

TRY EDGENUITY HACKS

Unit Test Answers

More from this Course

TRY EDGENUITY HACKS