The U.S. government wants to restrict Nation A's access to weapons-making materials. Which of the following actions will it most likely take? |
Institute an embargo on trade in certain items with Nation A |
Which of the following economic goals focuses on ensuring citizens' well-being even in a crisis? |
Security |
A nation has a high Human Development Index and a high gross domestic product. Which of the following factors might result in classification of the nation as developing rather than developed? |
A command economy |
Look at the map showing the European Union (EU) and its free-trade agreement (FTA) countries. Which of the following is true of most of the negotiating countries? |
They have access to the ocean. |
The United States can manufacture books at a much more rapid pace than manufacturers in Indonesia. Which of the following is a reason? |
Indonesia, as a developing country, has a less advanced manufacturing infrastructure. |
If the Consumer Price Index rises then |
inflation is occurring |
The governments of the United States, Mexico, and Canada created the North American Free Trade Agreement in order to |
remove barriers to trading products between the three countries |
The smallest, most local type of economy is a |
traditional economy |
Which of the following describes a developing nation? |
A traditional economy with a low Human Development Index |
Adam Smith would most likely oppose a plan for |
government bailouts for failing corporations |
International officials and business leaders have gathered to discuss free-trade policies. Outside their summit, protesters shout, "People before profit." These activists most likely align with which economic theory? |
Karl Marx's collapse of capitalism |
Which of these would result from high inflation in the United States? |
Americans would demand higher wages. |
High inflation in the United States would most likely have |
a negative impact on the U.S. dollar exchange rate |
If the inflation rate increases faster than their income, people will most likely |
use a higher proportion of their incomes on basic needs |