Download Unit 6 Practice MC Questions

Mr.
Weiss
Unit 6
3. In 2003, the United States expressed its
disapproval of Syria’s support of terrorism
by imposing
a. a tariff.
b. a quota.
c. an embargo.
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.
b. a quota.
c. an embargo.
d. a tax on exports.
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
a.
b.
c.
d.
import advantage.
export advantage.
absolute advantage.
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
a.
b.
c.
d.
import advantage.
export advantage.
absolute advantage.
comparative advantage.
Mr.
Weiss
Unit 6
9.A tariff is a
a.
b.
c.
d.
tax on exports.
quota on exports.
quota on imports.
tax on imports.
Mr.
Weiss
Unit 6
9.A tariff is a
a.
b.
c.
d.
tax on exports.
quota on exports.
quota on imports.
tax on imports.
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.
12.This passage describes what type of trade barrier by the U.S.?
a.
b.
a tariff
a quota
c.
d.
a devaluation
an embargo
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.
12.This passage describes what type of trade barrier by the U.S.?
a.
b.
a tariff
a quota
c.
d.
a devaluation
an embargo
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.
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.
Mr.
Weiss
Unit 6
18. 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
Mr.
Weiss
Unit 6
18. 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
Mr.
Weiss
Unit 6
21. Indonesia's economy under Sukarno was
unsuccessful because of
a.
b.
c.
d.
lack of national security.
lack of mineral and oil reserves.
overpopulation.
bad economic policies.
Mr.
Weiss
Unit 6
21. Indonesia's economy under Sukarno was
unsuccessful because of
a.
b.
c.
d.
lack of national security.
lack of mineral and oil reserves.
overpopulation.
bad economic policies.
Mr.
Weiss
Unit 6
24. What is the main cause of China’s recent
rapid economic growth?
a.
b.
c.
d.
its shrinking population
its highly effective five-year plans
free-market reforms
greater centralization of its economy
Mr.
Weiss
Unit 6
24. What is the main cause of China’s recent
rapid economic growth?
a.
b.
c.
d.
its shrinking population
its highly effective five-year plans
free-market reforms
greater centralization of its economy
Mr.
Weiss
Unit 6
27. Which country gives the most in foreign
aid as a percentage of its Gross National
Income (GNI)?
a.
b.
the United States
Japan
c.
d.
Norway
Sweden
Mr.
Weiss
Unit 6
27. Which country gives the most in foreign
aid as a percentage of its Gross National
Income (GNI)?
a.
b.
the United States
Japan
c.
d.
Norway
Sweden
Mr.
Weiss
Unit 6
30. The most important single factor leading
to the global economy has been
a.
b.
c.
d.
increased number of English speakers
worldwide.
improvements in transportation.
growth of multinationals.
improvements in telecommunications.
Mr.
Weiss
Unit 6
30. The most important single factor leading
to the global economy has been
a.
b.
c.
d.
increased number of English speakers
worldwide.
improvements in transportation.
growth of multinationals.
improvements in telecommunications.
Unit 6
Mr.
Weiss
33. What happened to the world’s stock markets
after the terrorist attacks of September 11,
2001?
a. They dropped immediately and dramatically.
b. 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.
Unit 6
Mr.
Weiss
33. What happened to the world’s stock markets
after the terrorist attacks of September 11,
2001?
a. They dropped immediately and dramatically.
b. 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.
Mr.
Weiss
Unit 6
36. About what percentage of U.S.
government securities is owned by
foreigners?
a.
b.
30 percent
50 percent
c.
d.
12 percent
61 percent
Mr.
Weiss
Unit 6
36. About what percentage of U.S.
government securities is owned by
foreigners?
a.
b.
30 percent
50 percent
c.
d.
12 percent
61 percent
Mr.
Weiss
Unit 6
39. What happens to the global economy
when the U.S. economy falters?
a.
b.
c.
d.
Nothing happens.
Economies around the world falter.
Economies around the world rise.
The economies of U.S. allies falter, but
others do well.
Mr.
Weiss
Unit 6
39. What happens to the global economy
when the U.S. economy falters?
a.
b.
c.
d.
Nothing happens.
Economies around the world falter.
Economies around the world rise.
The economies of U.S. allies falter, but
others do well.
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%
b. 35%
c. 42%
d. 17%
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%
b. 35%
c. 42%
d. 17%
Mr.
Weiss
Unit 6