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US Government EFL 09 Summative Assessment Mr. Halterman Name: _____________________________________________ Period: ___________ Date: _______________ Inspired by “30 Days: Outsourcing” and the article titled “Meet Your Competition” found in Upfront magazine, you will need to research and answer the following questions. 1. What factors play a role in the production of goods and services? (09.01) 2. List 10 goods and services the United States produces domestically. (09.01) - - - - - - - - - - 3. List 10 goods and services the United States imports from other nations. (09.01) - - - - - - - - - - EFL 09 US Government EFL 09 Summative Assessment Mr. Halterman 4. Why does the United States choose to import these items instead of produce them domestically? (09.02) 5. Why do countries trade goods and services? (09.02) 6. Choose a nation from the list to answer the next few questions: India, China, Korea, United States (09.03) - What goods or services does this nation specialize in? - What gives this nation a comparative advantage in trading these goods and services? - Where does this nation rank in GDP, GDP per capita, and CPI globally? EFL 09