AnswersEA Academy Civics 9Globalization and International Trade

Globalization and International Trade — Unit test Answers

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1
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Which is the best definition of international trade?

A
the number of types of currencies you can find in the world
B
the act of leaving one country and going to another country
C
the buying and selling of goods between different countries
D
the number of nationalities in a person’s family background
2
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What is one way banking has changed in the 21st century?

A
Customers can now open savings accounts that earn interest.
B
Customers can now apply for checking accounts at all banks.
C
Customers can now get personal loans at local bank branches.
D
Customers can now do banking on their computers or phones.
3

How do government programs contribute to differences in unemployment rates?

A
Government unemployment programs pay only people who lose their jobs because of automation.
B
Government unemployment programs pay only people who lose their jobs because of foreign workers.
C
Government unemployment programs vary by state in how much they pay and for how long.
D
Government unemployment programs result in people being stuck in cycles of poverty for generations.
4

Review the circle graph, which shows different sources of federal tax revenue.

Question illustration
A
income tax
B
excise tax
C
payroll tax
D
estate tax
5

During her campaign, a candidate for president talks about her plans for the federal budget. She stresses the need to increase spending for schools and other educational programs. The candidate wins and becomes the president of the United States. She submits her budget proposal, which includes a lot more funding for schools.

A
The president signs the federal budget into law.
B
Congress debates the president’s budget proposal.
C
The president tells Congress they must approve her budget proposal.
D
Congress replaces the president’s budget with their own proposals.
6

Review the photograph.

Question illustration
A
The governors of the impacted states would provide funds from their state budgets.
B
The president would tell the US Treasury to send money to the area affected by the flood.
C
Congress would approve a large sum of money in discretionary spending for various recovery efforts.
D
Mandatory spending for existing programs would be redirected to help individuals and businesses.
7

Review the diagram.

Question illustration
A
Each branch represents several decisions that a person could make.
B
Each branch represents a decision that leads to other choices.
C
Each branch represents a different person making a decision.
D
Each branch represents the correct choice a person could make.
8

One source of federal tax revenue is fees. The government charges fees for specific services it provides. What is an example of this kind of fee?

A
Esteban noticed that, after he got a raise, more money was taken out of his paycheck.
B
Sanjay and his family had to pay to use a camping spot at Yellowstone National Park.
C
Flora was surprised when the price of a pair of headphones produced in China increased.
D
Makayla’s new dog-walking business required a large sum in payroll taxes for her employees.
9

What do many entrepreneurs commonly do if their idea is not successful at first?

A
sell the idea to someone else
B
give up on the idea
C
spend more money advertising the idea
D
rework the idea multiple times
10

Which is a barrier to international trade?

A
bad weather
B
natural disasters
C
high prices for locally produced products
D
the vast distance between some countries
11

What is one of the benefits of trade policies that eliminate barriers in international trade?

A
More international trade translates to higher wages for all workers in the United States.
B
There are more goods and services available, and this competition drives down prices.
C
Sales of US products increase due to fewer foreign products in the marketplace.
D
Working conditions improve for employees in each of the trading partner countries.
12

Which describes a country with a single-resource economy?

A
It has a large budget for social programs that help its citizens.
B
It relies on one natural resource that it sells to other countries.
C
It sells several products to countries that are in need.
D
It buys a variety of products from one specific country.
13

How do economists use the GDP per capita rate?

A
They compare individual wealth in different countries.
B
They compare the standard of living in different countries.
C
They contrast the unemployment rate in different countries.
D
They contrast the productivity rate in different countries.
14

Read what President Bill Clinton said about interest rates in his 1996 State of the Union address."Lower interest rates have made it easier for businesses to borrow and to invest and to create new jobs. Lower interest rates have brought down the cost of home mortgages, car payments, and credit card rates to ordinary citizens.”—President Bill Clinton, January 23, 1996

A
Lower interest rates lead to higher prices for goods.
B
Lower interest rates do not help the economy improve.
C
Lower interest rates lead to more spending and more jobs.
D
Lower interest rates are better for businesses than for citizens.
15

Local officials in a small town are discussing a proposal to construct an outdoor stage in central downtown. They agree to survey individuals, organizations, and businesses in the community before they make a decision.

A
Different community groups might value the proposal differently.
B
The officials need all community members to agree on the proposal.
C
Different community groups’ opinions are valued more than others.
D
The officials need all community members to contribute to the project.
16

What is the relationship between GDP and unemployment?

A
When GDP rises, unemployment usually rises.
B
When GDP drops, unemployment usually drops.
C
When GDP drops, unemployment usually stays the same.
D
When GDP rises, unemployment usually drops.
17

What does it mean for an entrepreneur to be driven by a financial motive?

A
The entrepreneur wants their idea to be the best in the field.
B
The entrepreneur is focused on filling a need that people have.
C
The entrepreneur wants to make a lot of money.
D
The entrepreneur wants to have a positive impact.
18

The Carvel City Council held a vote to decide how to spend part of the city budget on a new social program. They had three programs to choose from: providing dental clinics for low-income residents, building additional affordable housing, or supplying nutritional support to older people.

A
Carvel’s low-income residents will experience a decline in their overall health.
B
Carvel’s low-income residents will have more access to affordable housing.
C
Carvel’s low-income residents will experience an overall improvement to their health.
D
Carvel’s homeless population will increase as a result of insufficient affordable housing.
19

The town of Jensen Valley is deciding what to do with an empty lot it owns. There are no parks in this community, so some residents want to build a small park for the local children. Others want to build an arts center that will provide classes and activities for residents. As a final step, the Jensen Valley officials need to look at the opportunity costs of their decision beyond the money that will be spent.

A
If the art center is chosen, children in the community will not have a public outdoor play area.
B
If the art center is chosen, many people may come to the community to see the art exhibits.
C
If the small park is chosen, the Jensen Valley officials can refer to its success in their reelection campaigns.
D
If the small park is chosen, Jensen Valley will need to hire custodians to keep the park clean.
20

Raven’s cakes are famous in her community. They are delicious, with many layers and unusual shapes. Raven bakes them in her own kitchen, but she needs more space to keep up with demand. She created a plan for expanding her business and applied for a small business loan from the bank. However, the bank thinks her plan is too risky and will not give her the loan.

A
She does not have a business plan.
B
She is unable to obtain funding.
C
She does not have enough customers.
D
She has set her prices too high.

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