TEST BANK
INTERNATIONAL ECONOMICS
,TEST BANK FOR
International Economics 19th Edition By Robert Carbaugh Copyright 2026
Chapter 1-14
Chapter 1 The International Economy And Globalization
1. Which Of The Following Is A Dimension Of Integration Into The World Economy?
a. Fair Labor Standards.
b. Flexible Exchange Rates.
c. Decreased Foreign Competition.
d. Dependence On Imported Materials.
ANSWER: D
FEEDBACK: A.
B.
C.
D. Integration Involves Several Dimensions, Including The Dependence On
Imported Materials.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
2. Which Of The Following Is A Disadvantage Of Globalization?
a. Living Standards Can Increase More Rapidly.
b. Global Competition And Cheap Imports Keep A Constraint On Prices.
c. Easier Access To Foreign Investment And Low Interest Rates.
d. Companies Building State-Of-The-Art Factories In Low-Wage Countries.
ANSWER: D
FEEDBACK: A.
B.
C.
D. American Employees Can Lose Their Competitiveness When Companies
Build State-Of-The-Art Factories In Low-Wage Countries, Making Them As
Productive As Those In The United States.
POINTS: 1
DIFFICULTY: Challenging
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
,NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Has Globalization Gone Too Far?
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
3. Which Statement About Globalization Is True?
a. It Has Led To More Quotas On Trade Around The World.
b. It Is A Purely Economic Term Used To Describe Interrelated Global Markets.
c. It Has Been Fueled By Trade, Immigration, And Foreign Investment.
d. It Is The Process By Which More Countries Are Becoming Economically Self-Sufficient Around The Globe.
ANSWER: C
FEEDBACK: A.
B.
C. Globalization Consists Of The Increased Interaction Of Product And Resource
Markets Across Nations Via Trade, Immigration, And Foreign Investment.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Globalization Of Economic Activity
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
4. Which Statement Is True About Import Restrictions?
a. They Decrease The Volume Of Exports.
b. They Lead To More Jobs For Domestic Workers.
c. They Decrease Imports And Increase Exports.
d. They Are More Conducive To Prosperity Than Free Trade.
ANSWER: A
FEEDBACK: A. Trade Restrictions 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: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
,STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And Trade
TOPICS: Common Fallacies Of International Trade
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
5. Most Of The World's Population Now Lives In Nations That
Are
a. Integrated Or Becoming Integrated Into World Markets.
b. Trying To Overcome Economic Isolation.
c. Cutting Back On Foreign Investment.
d. Economically Independent.
ANSWER: A
FEEDBACK: A. In Today’s World, No Nation Exists In Economic Isolation.
B.
C.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Introduction
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
6. International Trade Generally
a. Decreases Jobs.
b. Generates Income.
c. Decreases Productivity.
d. Reduces Competition.
ANSWER: B
FEEDBACK: A.
b. Producing Goods For Export Generates Jobs And Income For Domestic Workers.
C.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Is International Trade An Opportunity Or Threat To Workers?
,KEYWORDS: BLOOM'S: Understand
,DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
7. The Largest Amount Of Trade With The United States In Recent Years Has Been Conducted With
a. China.
b. Germany.
c. Canada.
d. The United Kingdom.
ANSWER: C
FEEDBACK: A.
B.
c. Canada Heads The List Of US Trading Partners
d.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 11:14 AM
8. What Led To The Sharp Loss Of Market Share In The Example Of The Eastman Kodak Company?
a. Increased Desire For Higher-Quality Product Substitutes
b. Consumer Concern Over Eastman Kodak’s Near Monopoly In The U.S. Markets
c. Lack Of Innovation In Emerging Digital Technologies
d. Increased Profits Of Domestic Import-Competing Industries
ANSWER: C
FEEDBACK: A.
B.
C. Kodak Provides A Striking Example Of An Industrial Giant That Faltered In The
Face Of Global Competition And Advancing Technology. It Was Slow In
Launching The Production Of Digital Cameras And Failed To Understand That
Smartphones Replaced Cameras.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
,DATE MODIFIED: 1/21/2025 3:40 AM
9. Which Statement Is True About International Trade?
a. It Is Zero-Sum Game.
b. Imports Always Result In Domestic Unemployment.
c. Tariffs On Imports Always Protect Domestic Jobs.
d. Imports And Exports Are Connected; As One Falls, The Other Generally Rises.
ANSWER: D
FEEDBACK: A.
B.
C.
D. The Drag On An Economy Caused By Rising Imports Tends To Be Offset By
The Stimulus On The Economy Caused By Rising Exports.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Common Fallacies Of International Trade
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
10. North Carolina Produces Sweet Potatoes In Its Rich Soil, But Does Not Have The Climate To Grow Oranges
Well. It Is Correct To Say That, Relative To Florida, North Carolina Has Which Of The Following?
a. An Absolute Advantage In Sweet Potato Production.
b. A Monopoly On Sweet Potato Production.
c. A Comparative Advantage In Sweet Potato Production.
d. A Trade Imbalance In Sweet Potato Production.
ANSWER: C
FEEDBACK: A.
B.
C. According To The Principle Of Comparative Advantage, If Countries Specialize
In What They Are Relatively Best At Producing, They Will Import Products That
Their Trading Partners Are Most Efficient At Producing, Yielding Benefits For
Both Countries.
D.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Common Fallacies Of International Trade
KEYWORDS: BLOOM'S: Apply
,DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
11. According To Human Rights Activists, Which Organization Supports Governments That Permit Sweatshops?
a. The International Organization For Standardization
b. The International Monetary Fund
c. The World Health Organization
d. The World Trade Organization
ANSWER: B
FEEDBACK: A.
B. Human Rights Activists Contend That The International Monetary Fund
Supports Governments That Allow Sweatshops And Pursues Policies That Bail
Out Governmental Officials At The Expense Of Local Economies.
C.
D.
POINTS: 1
DIFFICULTY: Challenging
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Has Globalization Gone Too Far?
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
12. With Globalization And Import Competition, U.S. Prices Generally
a. Increase.
b. Decrease.
c. Remain Stable.
d. Fluctuate Wildly.
ANSWER: B
FEEDBACK: A.
b. Global Competition And Cheap Imports Keep A Constraint On Prices, So
Inflation Is Less Likely To Disrupt Economic Growth.
C.
D.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Has Globalization Gone Too Far?
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
,DATE MODIFIED: 1/21/2025 3:40 AM
13. The United States Was Less Open To International Trade Between
a. 1870 And 1914.
b. 1944 And 1980.
c. 1890 And 1950.
d. 1980 And The Present.
ANSWER: C
FEEDBACK: A.
B.
c. Two World Wars And The Great Depression Of The 1930s Caused The
United States To Reduce Its Dependence On Trade, Partly For National
Security Reasons And Partly To Protect Its Home Industries From Import
Competition.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
14. A Sudden Shift From Import Tariffs To Free Trade May Induce Short-Term Unemployment In
a. Import-Competing Industries.
b. Industries That Are Only Exporters.
c. Industries That Sell Domestically As Well As Export.
d. Industries That Neither Import Nor Export.
ANSWER: A
FEEDBACK: A. Cheap Exports Produced By Lower-Cost Foreign Workers Threaten To Eliminate
Jobs For Some Workers In Industrial Countries.
B.
C.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Is International Trade An Opportunity Or Threat To Workers?
KEYWORDS: BLOOM'S: Apply
DATE CREATED: 1/21/2025 3:40 AM
, DATE MODIFIED: 1/21/2025 3:40 AM
INTERNATIONAL ECONOMICS
,TEST BANK FOR
International Economics 19th Edition By Robert Carbaugh Copyright 2026
Chapter 1-14
Chapter 1 The International Economy And Globalization
1. Which Of The Following Is A Dimension Of Integration Into The World Economy?
a. Fair Labor Standards.
b. Flexible Exchange Rates.
c. Decreased Foreign Competition.
d. Dependence On Imported Materials.
ANSWER: D
FEEDBACK: A.
B.
C.
D. Integration Involves Several Dimensions, Including The Dependence On
Imported Materials.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
2. Which Of The Following Is A Disadvantage Of Globalization?
a. Living Standards Can Increase More Rapidly.
b. Global Competition And Cheap Imports Keep A Constraint On Prices.
c. Easier Access To Foreign Investment And Low Interest Rates.
d. Companies Building State-Of-The-Art Factories In Low-Wage Countries.
ANSWER: D
FEEDBACK: A.
B.
C.
D. American Employees Can Lose Their Competitiveness When Companies
Build State-Of-The-Art Factories In Low-Wage Countries, Making Them As
Productive As Those In The United States.
POINTS: 1
DIFFICULTY: Challenging
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
,NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Has Globalization Gone Too Far?
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
3. Which Statement About Globalization Is True?
a. It Has Led To More Quotas On Trade Around The World.
b. It Is A Purely Economic Term Used To Describe Interrelated Global Markets.
c. It Has Been Fueled By Trade, Immigration, And Foreign Investment.
d. It Is The Process By Which More Countries Are Becoming Economically Self-Sufficient Around The Globe.
ANSWER: C
FEEDBACK: A.
B.
C. Globalization Consists Of The Increased Interaction Of Product And Resource
Markets Across Nations Via Trade, Immigration, And Foreign Investment.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Globalization Of Economic Activity
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
4. Which Statement Is True About Import Restrictions?
a. They Decrease The Volume Of Exports.
b. They Lead To More Jobs For Domestic Workers.
c. They Decrease Imports And Increase Exports.
d. They Are More Conducive To Prosperity Than Free Trade.
ANSWER: A
FEEDBACK: A. Trade Restrictions 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: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
,STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And Trade
TOPICS: Common Fallacies Of International Trade
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
5. Most Of The World's Population Now Lives In Nations That
Are
a. Integrated Or Becoming Integrated Into World Markets.
b. Trying To Overcome Economic Isolation.
c. Cutting Back On Foreign Investment.
d. Economically Independent.
ANSWER: A
FEEDBACK: A. In Today’s World, No Nation Exists In Economic Isolation.
B.
C.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Introduction
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
6. International Trade Generally
a. Decreases Jobs.
b. Generates Income.
c. Decreases Productivity.
d. Reduces Competition.
ANSWER: B
FEEDBACK: A.
b. Producing Goods For Export Generates Jobs And Income For Domestic Workers.
C.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Is International Trade An Opportunity Or Threat To Workers?
,KEYWORDS: BLOOM'S: Understand
,DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
7. The Largest Amount Of Trade With The United States In Recent Years Has Been Conducted With
a. China.
b. Germany.
c. Canada.
d. The United Kingdom.
ANSWER: C
FEEDBACK: A.
B.
c. Canada Heads The List Of US Trading Partners
d.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 11:14 AM
8. What Led To The Sharp Loss Of Market Share In The Example Of The Eastman Kodak Company?
a. Increased Desire For Higher-Quality Product Substitutes
b. Consumer Concern Over Eastman Kodak’s Near Monopoly In The U.S. Markets
c. Lack Of Innovation In Emerging Digital Technologies
d. Increased Profits Of Domestic Import-Competing Industries
ANSWER: C
FEEDBACK: A.
B.
C. Kodak Provides A Striking Example Of An Industrial Giant That Faltered In The
Face Of Global Competition And Advancing Technology. It Was Slow In
Launching The Production Of Digital Cameras And Failed To Understand That
Smartphones Replaced Cameras.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
,DATE MODIFIED: 1/21/2025 3:40 AM
9. Which Statement Is True About International Trade?
a. It Is Zero-Sum Game.
b. Imports Always Result In Domestic Unemployment.
c. Tariffs On Imports Always Protect Domestic Jobs.
d. Imports And Exports Are Connected; As One Falls, The Other Generally Rises.
ANSWER: D
FEEDBACK: A.
B.
C.
D. The Drag On An Economy Caused By Rising Imports Tends To Be Offset By
The Stimulus On The Economy Caused By Rising Exports.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Common Fallacies Of International Trade
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
10. North Carolina Produces Sweet Potatoes In Its Rich Soil, But Does Not Have The Climate To Grow Oranges
Well. It Is Correct To Say That, Relative To Florida, North Carolina Has Which Of The Following?
a. An Absolute Advantage In Sweet Potato Production.
b. A Monopoly On Sweet Potato Production.
c. A Comparative Advantage In Sweet Potato Production.
d. A Trade Imbalance In Sweet Potato Production.
ANSWER: C
FEEDBACK: A.
B.
C. According To The Principle Of Comparative Advantage, If Countries Specialize
In What They Are Relatively Best At Producing, They Will Import Products That
Their Trading Partners Are Most Efficient At Producing, Yielding Benefits For
Both Countries.
D.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Common Fallacies Of International Trade
KEYWORDS: BLOOM'S: Apply
,DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
11. According To Human Rights Activists, Which Organization Supports Governments That Permit Sweatshops?
a. The International Organization For Standardization
b. The International Monetary Fund
c. The World Health Organization
d. The World Trade Organization
ANSWER: B
FEEDBACK: A.
B. Human Rights Activists Contend That The International Monetary Fund
Supports Governments That Allow Sweatshops And Pursues Policies That Bail
Out Governmental Officials At The Expense Of Local Economies.
C.
D.
POINTS: 1
DIFFICULTY: Challenging
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Has Globalization Gone Too Far?
KEYWORDS: BLOOM'S: Understand
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
12. With Globalization And Import Competition, U.S. Prices Generally
a. Increase.
b. Decrease.
c. Remain Stable.
d. Fluctuate Wildly.
ANSWER: B
FEEDBACK: A.
b. Global Competition And Cheap Imports Keep A Constraint On Prices, So
Inflation Is Less Likely To Disrupt Economic Growth.
C.
D.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Has Globalization Gone Too Far?
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
,DATE MODIFIED: 1/21/2025 3:40 AM
13. The United States Was Less Open To International Trade Between
a. 1870 And 1914.
b. 1944 And 1980.
c. 1890 And 1950.
d. 1980 And The Present.
ANSWER: C
FEEDBACK: A.
B.
c. Two World Wars And The Great Depression Of The 1930s Caused The
United States To Reduce Its Dependence On Trade, Partly For National
Security Reasons And Partly To Protect Its Home Industries From Import
Competition.
d.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: The United States As An Open Economy
KEYWORDS: BLOOM'S: Remember
DATE CREATED: 1/21/2025 3:40 AM
DATE MODIFIED: 1/21/2025 3:40 AM
14. A Sudden Shift From Import Tariffs To Free Trade May Induce Short-Term Unemployment In
a. Import-Competing Industries.
b. Industries That Are Only Exporters.
c. Industries That Sell Domestically As Well As Export.
d. Industries That Neither Import Nor Export.
ANSWER: A
FEEDBACK: A. Cheap Exports Produced By Lower-Cost Foreign Workers Threaten To Eliminate
Jobs For Some Workers In Industrial Countries.
B.
C.
D.
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
STATE STANDARDS: United States - PA - DISC1: - Gains From Trade, Specialization, And
Trade TOPICS: Is International Trade An Opportunity Or Threat To Workers?
KEYWORDS: BLOOM'S: Apply
DATE CREATED: 1/21/2025 3:40 AM
, DATE MODIFIED: 1/21/2025 3:40 AM
