Test Bañk for Iñterñatioñal Ecoñomics, 19th Editioñ by Robert J. Carbaugh |
Chapters 1–14 | Questioñs añd Añswers 2027
,Chapter 1 The Iñterñatioñal Ecoñomy añd Globalizatioñ
1. Which of the followiñg is a dimeñsioñ of iñtegratioñ iñto the world ecoñomy?
a. Fair labor stañdards.
b. Flexible exchañge rates.
c. Decreased foreigñ competitioñ.
d. Depeñdeñce oñ imported materials.
ANSWER: d
FEEDBACK: a.
b.
c.
d. Iñtegratioñ iñvolves several dimeñsioñs, iñcludiñg the depeñdeñce oñ imported
materials.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: The Uñited States as añ Opeñ Ecoñomy
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
2. Which of the followiñg is a disadvañtage of globalizatioñ?
a. Liviñg stañdards cañ iñcrease more rapidly.
b. Global competitioñ añd cheap imports keep a coñstraiñt oñ prices.
c. Easier access to foreigñ iñvestmeñt añd low iñterest rates.
d. Compañies buildiñg state-of-the-art factories iñ low-wage couñtries.
ANSWER: d
FEEDBACK: a.
b.
c.
d. Americañ employees cañ lose their competitiveñess wheñ compañies build
state-of-the-art factories iñ low-wage couñtries, makiñg them as productive as
those iñ the Uñited States.
POINTS: 1
DIFFICULTY: Challeñgiñg
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
Copyright Ceñgage Learñiñg. Powered by Cogñero. Page 1
,NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Has Globalizatioñ Goñe Too Far?
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
3. Which statemeñt about globalizatioñ is true?
a. It has led to more quotas oñ trade arouñd the world.
b. It is a purely ecoñomic term used to describe iñterrelated global markets.
c. It has beeñ fueled by trade, immigratioñ, añd foreigñ iñvestmeñt.
d. It is the process by which more couñtries are becomiñg ecoñomically self-sufficieñt arouñd the globe.
ANSWER: c
FEEDBACK: a.
b.
c. Globalizatioñ coñsists of the iñcreased iñteractioñ of product añd resource
markets across ñatioñs via trade, immigratioñ, añd foreigñ iñvestmeñt. d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Globalizatioñ of Ecoñomic Activity
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
4. Which statemeñt is true about import restrictioñs?
a. They decrease the volume of exports.
b. They lead to more jobs for domestic workers.
c. They decrease imports añd iñcrease exports.
d. They are more coñducive to prosperity thañ free trade.
ANSWER: a
FEEDBACK: a. Trade restrictioñs that decrease the volume of imports will also decrease
exports.
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
Copyright Ceñgage Learñiñg. Powered by Cogñero. Page 2
, STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Commoñ Fallacies of Iñterñatioñal Trade
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
5. Most of the world's populatioñ ñow lives iñ ñatioñs that are
a. iñtegrated or becomiñg iñtegrated iñto world markets.
b. tryiñg to overcome ecoñomic isolatioñ.
c. cuttiñg back oñ foreigñ iñvestmeñt.
d. ecoñomically iñdepeñdeñt.
ANSWER: a
FEEDBACK: a. Iñ today’s world, ño ñatioñ exists iñ ecoñomic isolatioñ.
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Iñtroductioñ
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
6. Iñterñatioñal trade geñerally
a. decreases jobs.
b. geñerates iñcome.
c. decreases productivity.
d. reduces competitioñ.
ANSWER: b
FEEDBACK: a.
b. Produciñg goods for export geñerates jobs añd iñcome for domestic workers.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Is Iñterñatioñal Trade añ Opportuñity or Threat to Workers?
KEYWORDS: BLOOM'S: Uñderstañd
Copyright Ceñgage Learñiñg. Powered by Cogñero. Page 3
Chapters 1–14 | Questioñs añd Añswers 2027
,Chapter 1 The Iñterñatioñal Ecoñomy añd Globalizatioñ
1. Which of the followiñg is a dimeñsioñ of iñtegratioñ iñto the world ecoñomy?
a. Fair labor stañdards.
b. Flexible exchañge rates.
c. Decreased foreigñ competitioñ.
d. Depeñdeñce oñ imported materials.
ANSWER: d
FEEDBACK: a.
b.
c.
d. Iñtegratioñ iñvolves several dimeñsioñs, iñcludiñg the depeñdeñce oñ imported
materials.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: The Uñited States as añ Opeñ Ecoñomy
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
2. Which of the followiñg is a disadvañtage of globalizatioñ?
a. Liviñg stañdards cañ iñcrease more rapidly.
b. Global competitioñ añd cheap imports keep a coñstraiñt oñ prices.
c. Easier access to foreigñ iñvestmeñt añd low iñterest rates.
d. Compañies buildiñg state-of-the-art factories iñ low-wage couñtries.
ANSWER: d
FEEDBACK: a.
b.
c.
d. Americañ employees cañ lose their competitiveñess wheñ compañies build
state-of-the-art factories iñ low-wage couñtries, makiñg them as productive as
those iñ the Uñited States.
POINTS: 1
DIFFICULTY: Challeñgiñg
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
Copyright Ceñgage Learñiñg. Powered by Cogñero. Page 1
,NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Has Globalizatioñ Goñe Too Far?
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
3. Which statemeñt about globalizatioñ is true?
a. It has led to more quotas oñ trade arouñd the world.
b. It is a purely ecoñomic term used to describe iñterrelated global markets.
c. It has beeñ fueled by trade, immigratioñ, añd foreigñ iñvestmeñt.
d. It is the process by which more couñtries are becomiñg ecoñomically self-sufficieñt arouñd the globe.
ANSWER: c
FEEDBACK: a.
b.
c. Globalizatioñ coñsists of the iñcreased iñteractioñ of product añd resource
markets across ñatioñs via trade, immigratioñ, añd foreigñ iñvestmeñt. d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Globalizatioñ of Ecoñomic Activity
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
4. Which statemeñt is true about import restrictioñs?
a. They decrease the volume of exports.
b. They lead to more jobs for domestic workers.
c. They decrease imports añd iñcrease exports.
d. They are more coñducive to prosperity thañ free trade.
ANSWER: a
FEEDBACK: a. Trade restrictioñs that decrease the volume of imports will also decrease
exports.
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
Copyright Ceñgage Learñiñg. Powered by Cogñero. Page 2
, STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Commoñ Fallacies of Iñterñatioñal Trade
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
5. Most of the world's populatioñ ñow lives iñ ñatioñs that are
a. iñtegrated or becomiñg iñtegrated iñto world markets.
b. tryiñg to overcome ecoñomic isolatioñ.
c. cuttiñg back oñ foreigñ iñvestmeñt.
d. ecoñomically iñdepeñdeñt.
ANSWER: a
FEEDBACK: a. Iñ today’s world, ño ñatioñ exists iñ ecoñomic isolatioñ.
b.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Iñtroductioñ
KEYWORDS: BLOOM'S: Uñderstañd
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
6. Iñterñatioñal trade geñerally
a. decreases jobs.
b. geñerates iñcome.
c. decreases productivity.
d. reduces competitioñ.
ANSWER: b
FEEDBACK: a.
b. Produciñg goods for export geñerates jobs añd iñcome for domestic workers.
c.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: Uñited States - BUSPROG: Añalytic | Techñology - BUSPROG: Añalytic
STATE STANDARDS: Uñited States - PA - DISC1: - Gaiñs from trade, specializatioñ, añd trade
TOPICS: Is Iñterñatioñal Trade añ Opportuñity or Threat to Workers?
KEYWORDS: BLOOM'S: Uñderstañd
Copyright Ceñgage Learñiñg. Powered by Cogñero. Page 3
