The United States and Globalization, Economics Assignment Homework Help

QUESTION 1

1. Countries trade with each other because resources are not evenly distributed across the globe.TRUE

   FALSE

2 points  

QUESTION 2

1. A country's political system does NOT affect its level of economic development.TRUE

   FALSE

2 points  

QUESTION 3

1. The World Bank gives grants to less-developed countries to fund economic development.TRUE

   FALSE

2 points  

QUESTION 4

1. Less developed nations have high literacy rates.TRUE

   FALSE

2 points  

QUESTION 5

1. People in a less developed nation tend to have a higher standard of living.TRUE

   FALSE

2 points  

QUESTION 6

1. U.S. companies export technological and business assistance to other companies worldwide.TRUE

   FALSE

2 points  

QUESTION 7

1. In less developed countries, children of wealthy families who attend colleges and universities often move to more developed countries to further their careers.TRUE

   FALSE

2 points  

QUESTION 8

1. Citizens in a developed nation tend to have greater political freedom.TRUE

   FALSE

2 points  

QUESTION 9

1. The International Monetary Fund assists countries by providing clothing to lesser developed countries.TRUE

   FALSE

2 points  

QUESTION 10

1. Consumers benefit from international trade because they have more choices among products to purchase.TRUE

   FALSE

2 points  

QUESTION 11

1. People in a developed nation tend to have a higher standard of living.TRUE

   FALSE

2 points  

QUESTION 12

1. The health of its citizens is useful in determining a country's level of development.TRUE

   FALSE

2 points  

QUESTION 13

1. The International Monetary Fund assists countries by providing portable housing to lesser developed countries.TRUE

   FALSE

2 points  

QUESTION 14

1. Which of the following areas of the world is NOT considered developed economically?United States

   Australia

   Northern Africa

   Western Europe

2 points  

QUESTION 15

1. The United Nations Development Program provides grants to lesser developed countries to help improve economic processes.TRUE

   FALSE

2 points  

QUESTION 16

1. Exchange rate systems in which governments try to keep their currency values consistent with each other are called __________ exchange rate systems.fixed

   constant

   uniform

   none of these

2 points  

QUESTION 17

1. World Bank loans help developing nations build new roads.TRUE

   FALSE

2 points  

QUESTION 18

1. Absolute advantage occurs when members in a society must rely on others to supply products and services they cannot provide for themselves.TRUE

   FALSE

2 points  

QUESTION 19

1. The World Bank was created at the end of World War II because world leaders felt that it would help improve currency exchange rates.TRUE

   FALSE

2 points  

QUESTION 20

1. Which of the following is NOT a type of trade barrier?import quotas

   voluntary export restraints

   exportation taxes

   tariffs

2 points  

QUESTION 21

1. Many feel that the U.S. should be required to give more money to the World Bank to aid people in other countries.TRUE

   FALSE

2 points  

QUESTION 22

1. By locating production facilities abroad, multinational corporations can obtain cheaper labor.TRUE

   FALSE

2 points  

QUESTION 23

1. Consumer choice is a disadvantage of international trade.TRUE

   FALSE

2 points  

QUESTION 24

1. Which of the following best describes the circumstance under which countries block the importation of certain products into their country?importation blockade

   trade barrier

   trade inhibitor

   domestic protection act

2 points  

QUESTION 25

1. Flexible exchange rate systems are calculated according to global currency values.TRUE

   FALSE

2 points  

QUESTION 26

1. Countries trade primarily to earn large profits.TRUE

   FALSE

2 points  

QUESTION 27

1. Countries that have a traditional economy often develop at a faster pace than countries with a free market economy.TRUE

   FALSE

2 points  

QUESTION 28

1. An increased standard of living is a disadvantage of international trade.TRUE

   FALSE

2 points  

QUESTION 29

1. Countries with traditional economies are often less developed because:people are resistant to change.

   people have political freedom.

   farmers institute new farming techniques.

   there is little need for medical facilities.

2 points  

QUESTION 30

1. The main goal of the International Monetary Fund is to create a single world currency.TRUE

   FALSE

2 points  

QUESTION 31

1. Which of the following countries is a major trading partner of the U.S.?Australia

   Mexico

   South America

   Africa

2 points  

QUESTION 32

1. Less developed nations have poor housing quality.TRUE

   FALSE

2 points  

QUESTION 33

1. Flexible exchange rate systems were created to correct the problems within the stock exchange.TRUE

   FALSE

2 points  

QUESTION 34

1. Efficiency in production is an advantage of international trade.TRUE

   FALSE

2 points  

QUESTION 35

1. World Bank loans help developing nations improve the quality of life for people in their countries.TRUE

   FALSE

2 points  

QUESTION 36

1. Which of the following products is a major import of the U.S.?Power-generating machinery

   Chemicals

   Vehicles

   none of these

2 points  

QUESTION 37

1. Trade barriers are often put in place for national security concerns.TRUE

   FALSE

2 points  

QUESTION 38

1. Which of the following economic institutions was originally created to do away with poverty through economic development?United Nations Development Program

   International Monetary Fund

   World Bank

   None of these

2 points  

QUESTION 39

1. Many companies locate their production plants in other countries because the cost of labor is lower.TRUE

   FALSE

2 points  

QUESTION 40

1. Flexible exchange rate systems are systems in which governments try to keep their currencies' values consistent with each other.TRUE

   FALSE

2 points  

QUESTION 41

1. div>Specialization occurs when a person or a business focuses on providing one product or service that they are good at.TRUE

   FALSE

2 points  

QUESTION 42

1. East Asia is considered a less developed nation.TRUE

   FALSE

2 points  

QUESTION 43

1. To import means to buy goods from other countries.TRUE

   FALSE

2 points  

QUESTION 44

1. People in less developed nations tend to have a lower level of education.TRUE

   FALSE

2 points  

QUESTION 45

1. Countries can use World Bank funds to meet the medical needs of its citizens.TRUE

   FALSE

2 points  

QUESTION 46

1. Funds for providing educational resources are unlimited in less developed countries.TRUE

   FALSE

2 points  

QUESTION 47

1. In economically developed countries, children are often needed for manual labor on family farms so that food can be produced to feed the family.TRUE

   FALSE

2 points  

QUESTION 48

1. The World Bank functions like a local bank.TRUE

   FALSE

2 points  

QUESTION 49

1. The World Bank lends students money to pay for college.TRUE

   FALSE

2 points  

QUESTION 50

1. Societal values influence the development rate of a country.TRUE

   FALSE