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,TesT Bank For zl zl
International Economics 19th Edition by Robert Carbaugh Copyright 2026
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Chapter 1-14 zl
Chapter 1 The International Economy and Globalization
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1. Which of the following is a dimension of integration into the world economy?
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a. Fair labor standards.
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b. Flexible exchange rates.
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c. Decreased foreign competition.
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d. Dependence on imported materials.
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ANSWER: d
FEEDBACK: a.
b.
c.
d. Integration involves several dimensions, including the dependence on imported
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materials.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
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STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
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TOPICS: The United States as an Open Economy
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KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
2. Which of the following is a disadvantage of globalization?
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a. Living standards can increase more rapidly.
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b. Global competition and cheap imports keep a constraint on prices.
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c. Easier access to foreign investment and low interest rates.
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d. Companies building state-of-the-art factories in low-wage countries.
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ANSWER: d
FEEDBACK: a.
b.
c.
d. American employees can lose their competitiveness when companies build
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state-of-the-art factories in low-wage countries, making them as productive as zl zl zl zl zl zl zl zl zl
those in the United States.zl zl zl zl
POINTS: 1
DIFFICULTY: Challenging
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 1
zl
,zl
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
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STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
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TOPICS: Has Globalization Gone Too Far?
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KEYWORDS: BLOOM'S: Remember zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
3. Which statement about globalization is true?
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a. It has led to more quotas on trade around the world.
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b. It is a purely economic term used to describe interrelated global markets.
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c. It has been fueled by trade, immigration, and foreign investment.
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d. It is the process by which more countries are becoming economically self-sufficient around the globe.
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ANSWER: c
FEEDBACK: a.
b.
c. Globalization consists of the increased interaction of product and resource
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markets across nations via trade, immigration, and foreign investment.
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d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
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STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
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TOPICS: Globalization of Economic Activity zl zl zl
KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
4. Which statement is true about import restrictions?
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a. They decrease the volume of exports.
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b. They lead to more jobs for domestic workers.
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c. They decrease imports and increase exports.
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d. They are more conducive to prosperity than free trade.
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ANSWER: a
FEEDBACK: a. Trade restrictions that decrease the volume of imports will also decrease zl zl zl zl zl zl zl zl zl zl zl
exports.
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
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Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 2
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,zl
STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
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TOPICS: Common Fallacies of International Tradezl zl zl zl
KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
5. Most of the world's population now lives in nations that are
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a. integrated or becoming integrated into world markets.
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b. trying to overcome economic isolation.
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c. cutting back on foreign investment.
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d. economically independent.
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ANSWER: a
FEEDBACK: a. In today’s world, no nation exists in economic isolation. zl zl zl zl zl zl zl zl zl
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
zl zl zl zl zl zl zl zl zl
STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
zl zl zl zl zl zl zl zl zl zl zl zl
TOPICS: Introduction
KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
6. International trade generally
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a. decreases jobs.
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b. generates income.
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c. decreases productivity.
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d. reduces competition.
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ANSWER: b
FEEDBACK: a.
b. Producing goods for export generates jobs and income for domestic workers.
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c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
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STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
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TOPICS: Is International Trade an Opportunity or Threat to Workers?
zl zl zl zl zl zl zl zl
KEYWORDS: BLOOM'S: Understand zl
Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 3
zl
,TesT Bank For zl zl
International Economics 19th Edition by Robert Carbaugh Copyright 2026
zl zl zl zl zl zl zl zl
Chapter 1-14 zl
Chapter 1 The International Economy and Globalization
zl zl zl zl zl zl
1. Which of the following is a dimension of integration into the world economy?
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a. Fair labor standards.
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b. Flexible exchange rates.
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c. Decreased foreign competition.
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d. Dependence on imported materials.
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ANSWER: d
FEEDBACK: a.
b.
c.
d. Integration involves several dimensions, including the dependence on imported
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materials.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
zl zl zl zl zl zl zl zl zl
STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
zl zl zl zl zl zl zl zl zl zl zl zl
TOPICS: The United States as an Open Economy
zl zl zl zl zl zl
KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
2. Which of the following is a disadvantage of globalization?
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a. Living standards can increase more rapidly.
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b. Global competition and cheap imports keep a constraint on prices.
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c. Easier access to foreign investment and low interest rates.
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d. Companies building state-of-the-art factories in low-wage countries.
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ANSWER: d
FEEDBACK: a.
b.
c.
d. American employees can lose their competitiveness when companies build
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state-of-the-art factories in low-wage countries, making them as productive as zl zl zl zl zl zl zl zl zl
those in the United States.zl zl zl zl
POINTS: 1
DIFFICULTY: Challenging
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 1
zl
,zl
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
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STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
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TOPICS: Has Globalization Gone Too Far?
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KEYWORDS: BLOOM'S: Remember zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
3. Which statement about globalization is true?
zl zl zl zl zl zl
a. It has led to more quotas on trade around the world.
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b. It is a purely economic term used to describe interrelated global markets.
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c. It has been fueled by trade, immigration, and foreign investment.
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d. It is the process by which more countries are becoming economically self-sufficient around the globe.
zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl
ANSWER: c
FEEDBACK: a.
b.
c. Globalization consists of the increased interaction of product and resource
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markets across nations via trade, immigration, and foreign investment.
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d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
zl zl zl zl zl zl zl zl zl
STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
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TOPICS: Globalization of Economic Activity zl zl zl
KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
4. Which statement is true about import restrictions?
zl zl zl zl zl zl zl
a. They decrease the volume of exports.
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b. They lead to more jobs for domestic workers.
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c. They decrease imports and increase exports.
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d. They are more conducive to prosperity than free trade.
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ANSWER: a
FEEDBACK: a. Trade restrictions that decrease the volume of imports will also decrease zl zl zl zl zl zl zl zl zl zl zl
exports.
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
zl zl zl zl zl zl zl zl zl
Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 2
zl
,zl
STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
zl zl zl zl zl zl zl zl zl zl zl zl
TOPICS: Common Fallacies of International Tradezl zl zl zl
KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
5. Most of the world's population now lives in nations that are
zl zl zl zl zl zl zl zl zl zl zl
a. integrated or becoming integrated into world markets.
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b. trying to overcome economic isolation.
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c. cutting back on foreign investment.
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d. economically independent.
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ANSWER: a
FEEDBACK: a. In today’s world, no nation exists in economic isolation. zl zl zl zl zl zl zl zl zl
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
zl zl zl zl zl zl zl zl zl
STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
zl zl zl zl zl zl zl zl zl zl zl zl
TOPICS: Introduction
KEYWORDS: BLOOM'S: Understand zl
DATE CREATED:zl 1/21/2025 3:40 AM zl zl
DATE MODIFIED:
zl 1/21/2025 3:40 AM zl zl
6. International trade generally
zl zl zl
a. decreases jobs.
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b. generates income.
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c. decreases productivity.
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d. reduces competition.
zl zl
ANSWER: b
FEEDBACK: a.
b. Producing goods for export generates jobs and income for domestic workers.
zl zl zl zl zl zl zl zl zl zl zl
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: zl Multiple Choice zl
HAS VARIABLES:
zl False
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
zl zl zl zl zl zl zl zl zl
STATE STANDARDS: zl United States - PA - DISC1: - Gains from trade, specialization, and trade
zl zl zl zl zl zl zl zl zl zl zl zl
TOPICS: Is International Trade an Opportunity or Threat to Workers?
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KEYWORDS: BLOOM'S: Understand zl
Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 3
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