Unit
4
Test
Review
Jeopardy
100
Tariffs and quotas can have all of the following effects exept
What is promoting 3rd world development
100
revenue tariffs are levied to
What is raise money
100
smoot-hawley tariff of 1930 resulted in
What is the highest tariff rates in US history
100
the international agency that administers trade agreements and settles trade disputes
What is WTO
100
a presistent trade deficit causes
What is unemployment to increase in import industries
200
a protective tariff is used to
What is give inefficient domestic industries an advantage
200
the NAFTA agreement is between US and
What is Canada and Mexico
200
the US trade deficit causes
What is the value of the dollar to fall in foreign exchange markets
200
advantages of socialism include
What is equitable distribution of benefits
200
joseph stalin demonstrated the main advantage of a command system by
What is increasing industrial output
300
countries trying to change from a command economy to a market economy face all of the following problems except
What is forming of agricultural collectives
300
the keiretsu system of Japan are
What is made up of competing firms
300
before reunification with China in 1997; the economy of Hong Kong
What is was recognized as the freest economy in the world
300
socialism is characterized by
What is government ownership of most productive resources
300
the main reason for the economic failure of the SU was
What is the economy was too complex to be managed by central planning
400
japan's industries are capital-intensive, which means
What is a great amount of capital is invested for every person employed
400
of the 1.2 billion people with the lowest per capita income, most live in
What is africa and asia
400
developing nations tend to have larger families because their economies are primarily agricultural and
What is children begin work at an early age
400
during the 2nd stage of economic development, a country
What is breaks with primitive equilibrium and moves toward economic changes
400
an example of expropriation is
What is iran's takeover of american oil facilities in that country
500
despite the enormous wealth generated by oil; OPEC nations have failed to reach substanial growth rates because all of the following except:
What is their oil reserves were used up
500
developing nations are important to the US as
What is trading partners
500
the third stage of economic development is a period of
What is takeoff
500
the EU grew out of
What is a customs union
500
South Korea is an example of a nation that
What is rebuilt a war-torn economy
M
e
n
u