AnswersPHS Government CRThe Contemporary Global Economy

The Contemporary Global Economy Answers

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1
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What role did social media play in politics in Iran in 2009?

A
It was used to show support for the Islamic regime change.
B
It was used as a way to protest the results of the election.
C
It was used as a means of advertising candidate platforms.
D
It was used to protest the US influence on Iranian leadership.
2
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Which US president signed NAFTA into law?

A
Ronald Reagan
B
Bill Clinton
C
George W. Bush
D
Barack Obama
3

Which are negative aspects of globalization? Check all that apply. a loss of regional jobsa loss of individual culturesa loss of social awarenessan increase in environmental problemsa rise in health risks

A
a loss of regional jobs
B
a loss of individual cultures
C
a loss of social awareness
D
an increase in environmental problems
E
a rise in health risks
4

Which method of transit has had the biggest impact on world trade in the twenty-first century?

A
railroads
B
canals
C
steam boats
D
container ships
5

How does international trade lead to specialization?

A
Countries become more dependent on each other for buying and selling manufactured goods.
B
Labor can be outsourced cheaply to other countries, which brings down production costs.
C
Countries can make the best use of resources by buying what they don’t have from other nations
D
Industries begin to compete to offer the best prices and increase demand.
6

How do consumers ALL benefit from international trade?

A
They profit from global outsourcing.
B
They can use social media to spread information.
C
They gain purchasing power parity.
D
They have access to greater purchasing options.
7

Which is the best definition of the term outsource?

A
an economic activity without major restrictions
B
the use of foreign resources instead of domestic resources
C
a hiring process by a company that does business in two or more nations
D
the trend toward a world that is more interconnected by technology, trade, and travel
8

This graph shows the US-Ghana trade relationship. Which statement best describes the trade relationship between the US and Ghana?

Question illustration
A
The US has a trade surplus with Ghana.
B
The US has a trade deficit with Ghana.
C
The US has greater purchasing power parity (PPP) than Ghana.
D
Ghana has greater purchasing power parity (PPP) than the US.
9

This table shows select US trading partners for 2015. According to the chart, with which countries did the US have a trade surplus in 2015? Check all that apply.JapanAustraliaBrazil GermanyRussia

Question illustration
A
Japan
B
Australia
C
Brazil
D
Germany
E
Russia
10

This table shows select US trading partners for 2015. According to the table, with which countries did the US have a trade deficit in 2015? Check all that apply.JapanAustraliaBrazilGermanyRussia

Question illustration
A
Japan
B
Australia
C
Brazil
D
Germany
E
Russia
11

What have been positive effects of NAFTA on the US economy? Select two options.an increase in the value of goods and services an increase in income inequalityan increase in import taxesan increase in unemploymentan increase in trade with neighbors

A
an increase in the value of goods and services
B
an increase in income inequality
C
an increase in import taxes
D
an increase in unemployment
E
an increase in trade with neighbors
12

Which business is an example of a multinational corporation?

A
a Canadian restaurant chain with locations across Canada
B
a US-based coffee chain with locations worldwide
C
an Indian automaker that supplies low-cost vehicles across India
D
a British boutique with a few stores located in high-end neighborhoods

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