1. b. a quota. d. a tax on exports.
Mr. Weiss
Unit 6
3. In 2003, the United States expressed its disapproval of Syria’s support of terrorism by imposing
a. a tariff. c. an embargo.
b. a quota. d. a tax on exports.

2. b. a quota. d. a tax on exports.
Mr. Weiss
Unit 6
3. In 2003, the United States expressed its disapproval of Syria’s support of terrorism by imposing
a. a tariff. c. an embargo.
b. a quota. d. a tax on exports.

3. d. comparative advantage.
Mr. Weiss
Unit 6
6. The ability of one country, using the same quantity of resources as another country, to produce a specific product at a lower cost is known as
import advantage.
export advantage.
absolute advantage.
d. comparative advantage.

4. d. comparative advantage.
Mr. Weiss
Unit 6
6. The ability of one country, using the same quantity of resources as another country, to produce a specific product at a lower cost is known as
import advantage.
export advantage.
absolute advantage.
d. comparative advantage.

5. A tariff is a tax on exports. quota on exports. quota on imports.
Mr. Weiss
Unit 6
A tariff is a
tax on exports.
quota on exports.
quota on imports.
d. tax on imports.

6. A tariff is a tax on exports. quota on exports. quota on imports.
Mr. Weiss
Unit 6
A tariff is a
tax on exports.
quota on exports.
quota on imports.
d. tax on imports.

7. Mr. Weiss
Unit 6
The World Trade Organization yesterday authorized the US to impose trade sanctions on European Union goods in retaliation for the EU’s ban on hormone-treated beef.
From July 29, the US will impose punitive 100 percent duties on imports from the EU, including delicacies such as foie gras, truffles, and Roquefort cheese as well as beef, pork, canned tomatoes and mustard.
US officials said last week the sanctions, worth a total of $116.8 [million] would target goods from France, Germany, Italy and Denmark as these were the countries most influential in preserving the 10-year-old beef hormone ban.
Source: “US Gets Go-Ahead for European Sanctions,” The Financial Times, July 27, 1999.
This passage describes what type of trade barrier by the U.S.?
a. a tariff c. a devaluation
b. a quota d. an embargo

8. Mr. Weiss
Unit 6
The World Trade Organization yesterday authorized the US to impose trade sanctions on European Union goods in retaliation for the EU’s ban on hormone-treated beef.
From July 29, the US will impose punitive 100 percent duties on imports from the EU, including delicacies such as foie gras, truffles, and Roquefort cheese as well as beef, pork, canned tomatoes and mustard.
US officials said last week the sanctions, worth a total of $116.8 [million] would target goods from France, Germany, Italy and Denmark as these were the countries most influential in preserving the 10-year-old beef hormone ban.
Source: “US Gets Go-Ahead for European Sanctions,” The Financial Times, July 27, 1999.
This passage describes what type of trade barrier by the U.S.?
a. a tariff c. a devaluation
b. a quota d. an embargo

9. 15. This graph provides a measure of each country’s
Mr. Weiss
Unit 6
15. This graph provides a measure of each country’s
a. population growth. c. capital flight.
b. inflation rate. d. prosperity.

10. 15. This graph provides a measure of each country’s
Mr. Weiss
Unit 6
15. This graph provides a measure of each country’s
a. population growth. c. capital flight.
b. inflation rate. d. prosperity.

11. a. low birth rate and low GDP
Mr. Weiss
Unit 6
Which of the following are characteristics of most developing countries?
a. low birth rate and low GDP
b. rapid population growth and an industrialized economy
c. an agricultural economy and a low literacy rate
d. poor health conditions and a low infant mortality rate

12. a. low birth rate and low GDP
Mr. Weiss
Unit 6
Which of the following are characteristics of most developing countries?
a. low birth rate and low GDP
b. rapid population growth and an industrialized economy
c. an agricultural economy and a low literacy rate
d. poor health conditions and a low infant mortality rate

13. Indonesia's economy under Sukarno was unsuccessful because of
Mr. Weiss
Unit 6
Indonesia's economy under Sukarno was unsuccessful because of
lack of national security.
lack of mineral and oil reserves.
overpopulation.
d. bad economic policies.

14. Indonesia's economy under Sukarno was unsuccessful because of
Mr. Weiss
Unit 6
Indonesia's economy under Sukarno was unsuccessful because of
lack of national security.
lack of mineral and oil reserves.
overpopulation.
d. bad economic policies.

15. What is the main cause of China’s recent rapid economic growth?
Mr. Weiss
Unit 6
What is the main cause of China’s recent rapid economic growth?
its shrinking population
its highly effective five-year plans
free-market reforms
d. greater centralization of its economy

16. What is the main cause of China’s recent rapid economic growth?
Mr. Weiss
Unit 6
What is the main cause of China’s recent rapid economic growth?
its shrinking population
its highly effective five-year plans
free-market reforms
d. greater centralization of its economy

17. a. the United States c. Norway b. Japan d. Sweden
Mr. Weiss
Unit 6
Which country gives the most in foreign aid as a percentage of its Gross National Income (GNI)?
a. the United States c. Norway
b. Japan d. Sweden

18. a. the United States c. Norway b. Japan d. Sweden
Mr. Weiss
Unit 6
Which country gives the most in foreign aid as a percentage of its Gross National Income (GNI)?
a. the United States c. Norway
b. Japan d. Sweden

19. a. increased number of English speakers worldwide.
Mr. Weiss
Unit 6
The most important single factor leading to the global economy has been
a. increased number of English speakers worldwide.
b. improvements in transportation.
c. growth of multinationals.
d. improvements in telecommunications.

20. a. increased number of English speakers worldwide.
Mr. Weiss
Unit 6
The most important single factor leading to the global economy has been
a. increased number of English speakers worldwide.
b. improvements in transportation.
c. growth of multinationals.
d. improvements in telecommunications.

21. They dropped immediately and dramatically.
Mr. Weiss
Unit 6
What happened to the world’s stock markets after the terrorist attacks of September 11, 2001?
They dropped immediately and dramatically.
They dropped briefly but immediately began to rise again.
c. They rose briefly but then dropped for a few days.
d. They rose immediately and dramatically.

22. They dropped immediately and dramatically.
Mr. Weiss
Unit 6
What happened to the world’s stock markets after the terrorist attacks of September 11, 2001?
They dropped immediately and dramatically.
They dropped briefly but immediately began to rise again.
c. They rose briefly but then dropped for a few days.
d. They rose immediately and dramatically.

23. Mr. Weiss
Unit 6
About what percentage of U.S. government securities is owned by foreigners?
a. 30 percent c. 12 percent
b. 50 percent d. 61 percent

24. Mr. Weiss
Unit 6
About what percentage of U.S. government securities is owned by foreigners?
a. 30 percent c. 12 percent
b. 50 percent d. 61 percent

25. What happens to the global economy when the U.S. economy falters?
Mr. Weiss
Unit 6
What happens to the global economy when the U.S. economy falters?
a. Nothing happens.
b. Economies around the world falter.
c. Economies around the world rise.
d. The economies of U.S. allies falter, but others do well.

26. What happens to the global economy when the U.S. economy falters?
Mr. Weiss
Unit 6
What happens to the global economy when the U.S. economy falters?
a. Nothing happens.
b. Economies around the world falter.
c. Economies around the world rise.
d. The economies of U.S. allies falter, but others do well.

27. Mr. Weiss
Unit 6
41. According to the graph, between 1975 and 2005, foreign ownership of the U.S. public debt increased by about what percentage?
a. 32% c. 42%
b. 35% d. 17%

28. Mr. Weiss
Unit 6
41. According to the graph, between 1975 and 2005, foreign ownership of the U.S. public debt increased by about what percentage?
a. 32% c. 42%
b. 35% d. 17%

29. Mr. Weiss
Unit 6