Unit Test Answers

Creating export processing zones, passing tax laws that favor businesses, and encouraging outsourcing __________. A. are actions NGOs can take to benefit growing economies B. are typical ways in which the US helps other nations' economies C. are ways that have helped developing economies to grow D. have not been successful in fostering economic success Please select the best answer from the choices provided.

All of the following jobs could be placed in the quinary economic sector except __________. A. a firefighter B. a corporate chief executive officer C. a worker in a unionized auto factory D. a school teacher Please select the best answer from the choices provided.

Which of the following statements about the economies of the world is false? A. The US economy is the largest in the world when measured per country. B. Four of the top five economies, measured in GDP per person, are located in Europe. C. The bottom five economies, measured in GDP per person, are located in Africa. D. The US economy is the largest in the world when measured in GDP per person. Please select the best answer from the choices provided.

All of the following are examples of unpaid labor, except __________. A. cooking for one’s own family B. cleaning the house of a wealthy family for small wages C. taking care of one’s children or elderly family members D. working in the family vegetable garden Please select the best answer from the choices provided.

What effect do tax incentives have on economic development? A. Tax incentives have no impact on economic development. B. Tax incentives only allow the rich to get richer and the poor to get poorer. C. Tax incentives encourage international trade of human or physical resources. D. Tax incentives only affect economic development when a nation creates an important technology. Please select the best answer from the choices provided.

According to Walt Rostow's modernization model, a country becomes developed when __________. A. it becomes agriculturally self-sufficient B. it mobilizes capital for business investments, thereby increasing its exports C. it has a high literacy rate and widespread access to education for people of all social classes D. it has an economy based on the production of goods and services demanded by the global economy Please select the best answer from the choices provided.

The next best alternative given up when making a choice is called the __________. A. opportunity cost B. comparative advantage C. primary objective D. negative consequence Please select the best answer from the choices provided.

How much of the United States female population works outside of the home? A. half B. two-thirds C. three-quarters D. one-third Please select the best answer from the choices provided.

After a devastating earthquake hit Haiti in 2010, the economic leaders of the free world forgave Haiti's debt. Will this action likely hurt or help Haiti's development? Explain.

What are the cons of a mixed market economy for most citizens? Select four answers.There may be a sizable gap between rich and poor people.It can be very difficult for citizens to start private businesses.Citizens must pay for most basic necessities by themselves.There is no guarantee of steady employment for many citizens.Citizens may pay higher taxes than in other economic systems.Citizens often purchase their own health care and higher education.

Using complete sentences, give at least two reasons why many women throughout the world work in the informal, rather than the formal, economic sector.

The image shows a portion of the US Constitution.The US Constitution’s democratic ideology is most significant in Westernization because it is

Read the passage below and answer the question that follows. In 2009, the author Pawel Bozyk described Brazil as a newly industrialized country. While its economy has not yet reached that of highly developed countries, Brazil has moved itself into being a significant member of the international economy. What economic model does Brazil fit into, regarding its development path? A. Gross Domestic Product Improvement B. Genuine Progress Indicator C. Rostow’s Modernization Model D. Wallerstein’s World Systems Theory Please select the best answer from the choices provided.

Two-thirds of all illiterate adults worldwide are men. Please select the best answer from the choices provided.

The fact that economies can trade products almost instantly online supports which ideas? Check all that apply.Modern technology speeds up cultural diffusion.Modern technology could interfere with the process of globalization.Culture is best spread with face-to-face interaction between people.Globalization is occurring at a faster rate today than in the past.Online trading is an authentic way to spread culture.