Show:
Unit
4
Test
Review
Jeopardy
100
1. Tariffs and quotas can have all of the following effects EXCEPT
What is promoting 3rd world development
100
11. Advantages of socialism include
What is equitable distribution of benefits
100
21. of the 1.2 billion people with the lowest per capita income, most live in
What is Africa and Asia
100
20. Taiwan's economic growth was aided by
What is low interest rates to targeted industries
100
6. A protective tariff is used to
What is give inefficient domestic industries an advantage
200
2. Revenue tariffs are levied to
What is raise money
200
12. Joseph Stalin demonstrated the main advantage of a command system by
What is increasing industial output
200
22. Developing Nations tend to have larger families because their economies are primarily agriculutural and
What is children can begin work at an early age
200
26. Developing Nations are important to the US as
What is trading partners
200
7.The Reciprocal Trade Agreements Act
What is allowed the US to reduce tariffs up to 50 percent if other nations agreed to do the same
300
3. The Smoot-Hawley Tariff of 1930 resulted in
What is the highest tariff rates in US History
300
14. The Keiretsu of Japan are
What is made up of competing firms
300
23. During the second stage of Economic Development, a country
What is breaks with primitive equilibrium and moves toward econoic changes
300
27. The third stage of economic development is a period of
What is takeoff
300
8. NAFTA proposed free trade between the US and
What is Canada and Mexico
400
4. The international agency that administers trade agreements and settles trade disputes is
What is WTO
400
16. Socialism is characterized by
What is government ownership of most productive resources
400
24. An example of expropriation is
What is Iran's takeover of American oil facilities in that country
400
28. The European Union grew out of
What is a customs union
400
9. Under the fixed exchange rate, the value of a country's currency is determined by the
What is amount of its gold reserves
500
5. A persistent trade deficit causes
What is unemployment to nicrease in import industries
500
18. The main reason for the conomic failure of the Soviet Union was
What is the economy was too complex to be managed by central planning
500
25. Despite the enormous wealth generated by oil, OPEC nations have failed to reach substantial growth rates because of all of the following EXCEPT
What is their oil reserves were used up
500
29. South Korea is an example of a nation that
What is reuilt a war-torn economy
500
10. The US trade deficit causes
What is the value of the dollar to fall in foreign exchange markets