Unit Test Answers

The chart shows a circular flow model describing the movement of goods and services.

is the process of an economy’s increasing industrialization, standard of living, and economic wealth.

Which technologies have made global communication instant and more effective? Choose three answers.social mediawireless devicessmart phonesautomobilesprinted newspapers

What are the most likely reasons a US corporation would open a factory in China? Choose four answers.to take advantage of affordable land pricesto take advantage of abundant resourcesto take advantage of lower labor coststo take advantage of favorable tax lawsto take advantage of US employment opportunities

One social issue often facing developing countries is

"GDP per capita" means that the GDP is calculated per

How has globalization made countries more interdependent? Choose five answers.Countries now rely on one another for vital resources.Countries now rely on each other for new industries.Countries now rely on one another for chances to import and export.Countries now rely on one another to lower their GDP.Countries rely on each other for cheaper products.Countries now rely on one another for an employment base.

The graph shows gross domestic product in the US private sector from 2009 to 2017.

Which is the best example of outsourcing?

One sign of transition to a mixed-market economy is the establishment of

Which statement best describes how globalization connects the world?

Global trade provides consumers with

Recent improvements in have increased the pace of globalization.

What does the International Monetary Fund (IMF) seek to accomplish for developing countries?

The Czech Republic’s decision in 2003 to join the European Union indicated that the Czech Republic

The graph shows households in the world with internet access from 2003 to 2019.

In a transitional economy, a(n) ________ economy is changing to a mixed-market economy.

Why are environmental problems common in developing countries?

One factor that indicates a developed economy's standard of living is its

The map shows the world’s gross domestic product.Based on the map, which is the best conclusion that can be drawn about the economies of the US and Western Europe?

A country that has multinational corporations is most likely to be

Read this excerpt describing the mission of the World Bank.The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.

Why might developed economies want to outsource manufacturing and other jobs to developing economies?

The graph shows China’s workforce from 2000 to 2019.

Technologies that allow for instant worldwide communication include