The United States and Globalization, Economics Assignment Homework Help

QUESTION 1Countries trade with each other because resources are not evenly distributed across the globe.TRUEFALSE2 points  QUESTION 2A country’s political system does NOT affect its level of economic development.TRUEFALSE2 points  QUESTION 3The World Bank gives grants to less-developed countries to fund economic development.TRUEFALSE2 points  QUESTION 4Less developed nations have high literacy rates.TRUEFALSE2 points  QUESTION 5People in a less developed nation tend to have a higher standard of living.TRUEFALSE2 points  QUESTION 6U.S. companies export technological and business assistance to other companies worldwide.TRUEFALSE2 points  QUESTION 7In less developed countries, children of wealthy families who attend colleges and universities often move to more developed countries to further their careers.TRUEFALSE2 points  QUESTION 8Citizens in a developed nation tend to have greater political freedom.TRUEFALSE2 points  QUESTION 9The International Monetary Fund assists countries by providing clothing to lesser developed countries.TRUEFALSE2 points  QUESTION 10Consumers benefit from international trade because they have more choices among products to purchase.TRUEFALSE2 points  QUESTION 11People in a developed nation tend to have a higher standard of living.TRUEFALSE2 points  QUESTION 12The health of its citizens is useful in determining a country’s level of development.TRUEFALSE2 points  QUESTION 13The International Monetary Fund assists countries by providing portable housing to lesser developed countries.TRUEFALSE2 points  QUESTION 14Which of the following areas of the world is NOT considered developed economically?United StatesAustraliaNorthern AfricaWestern Europe2 points  QUESTION 15The United Nations Development Program provides grants to lesser developed countries to help improve economic processes.TRUEFALSE2 points  QUESTION 16Exchange rate systems in which governments try to keep their currency values consistent with each other are called __________ exchange rate systems.fixedconstantuniformnone of these2 points  QUESTION 17World Bank loans help developing nations build new roads.TRUEFALSE2 points  QUESTION 18Absolute advantage occurs when members in a society must rely on others to supply products and services they cannot provide for themselves.TRUEFALSE2 points  QUESTION 19The World Bank was created at the end of World War II because world leaders felt that it would help improve currency exchange rates.TRUEFALSE2 points  QUESTION 20Which of the following is NOT a type of trade barrier?import quotasvoluntary export restraintsexportation taxestariffs2 points  QUESTION 21Many feel that the U.S. should be required to give more money to the World Bank to aid people in other countries.TRUEFALSE2 points  QUESTION 22By locating production facilities abroad, multinational corporations can obtain cheaper labor.TRUEFALSE2 points  QUESTION 23Consumer choice is a disadvantage of international trade.TRUEFALSE2 points  QUESTION 24Which of the following best describes the circumstance under which countries block the importation of certain products into their country?importation blockadetrade barriertrade inhibitordomestic protection act2 points  QUESTION 25Flexible exchange rate systems are calculated according to global currency values.TRUEFALSE2 points  QUESTION 26Countries trade primarily to earn large profits.TRUEFALSE2 points  QUESTION 27Countries that have a traditional economy often develop at a faster pace than countries with a free market economy.TRUEFALSE2 points  QUESTION 28An increased standard of living is a disadvantage of international trade.TRUEFALSE2 points  QUESTION 29Countries with traditional economies are often less developed because:people are resistant to change.people have political freedom.farmers institute new farming techniques.there is little need for medical facilities.2 points  QUESTION 30The main goal of the International Monetary Fund is to create a single world currency.TRUEFALSE2 points  QUESTION 31Which of the following countries is a major trading partner of the U.S.?AustraliaMexicoSouth AmericaAfrica2 points  QUESTION 32Less developed nations have poor housing quality.TRUEFALSE2 points  QUESTION 33Flexible exchange rate systems were created to correct the problems within the stock exchange.TRUEFALSE2 points  QUESTION 34Efficiency in production is an advantage of international trade.TRUEFALSE2 points  QUESTION 35World Bank loans help developing nations improve the quality of life for people in their countries.TRUEFALSE2 points  QUESTION 36Which of the following products is a major import of the U.S.?Power-generating machineryChemicalsVehiclesnone of these2 points  QUESTION 37Trade barriers are often put in place for national security concerns.TRUEFALSE2 points  QUESTION 38Which of the following economic institutions was originally created to do away with poverty through economic development?United Nations Development ProgramInternational Monetary FundWorld BankNone of these2 points  QUESTION 39Many companies locate their production plants in other countries because the cost of labor is lower.TRUEFALSE2 points  QUESTION 40Flexible exchange rate systems are systems in which governments try to keep their currencies’ values consistent with each other.TRUEFALSE2 points  QUESTION 41div>Specialization occurs when a person or a business focuses on providing one product or service that they are good at.TRUEFALSE2 points  QUESTION 42East Asia is considered a less developed nation.TRUEFALSE2 points  QUESTION 43To import means to buy goods from other countries.TRUEFALSE2 points  QUESTION 44People in less developed nations tend to have a lower level of education.TRUEFALSE2 points  QUESTION 45Countries can use World Bank funds to meet the medical needs of its citizens.TRUEFALSE2 points  QUESTION 46Funds for providing educational resources are unlimited in less developed countries.TRUEFALSE2 points  QUESTION 47In economically developed countries, children are often needed for manual labor on family farms so that food can be produced to feed the family.TRUEFALSE2 points  QUESTION 48The World Bank functions like a local bank.TRUEFALSE2 points  QUESTION 49The World Bank lends students money to pay for college.TRUEFALSE2 points  QUESTION 50Societal values influence the development rate of a country.TRUEFALSE