Actual chapter 1 quiz

Actual chapter 1 quiz - Actual chapter 1 quiz YourResults:

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Actual chapter 1 quiz Your Results: The correct answer for each question is indicated by a  . CORRECT Over the past 40 years, A) growth rates of global exports have been negative in most decades. B) global production has grown more rapidly than global exports. C) the growth rate of manufacturing exports has been more than that of mining or of agriculture in most periods. D) the U.S. has steadily decreased its dependence on international trade. CORRECT The European Union's share in world trade is around ____. A) 10% B) 30% C) 40% D) 50% CORRECT As of 2007, the share of primary (that is, agricultural and mining) products in global merchandise exports is about __________; this share has __________  since 1980. A) 50%; risen B) 50%; fallen C) 25%; risen D) 25%; fallen CORRECT As of 2007, the top three merchandise exporters were A) Germany, China, and the U.S. B) the U.S., Switzerland, and Canada. C) Singapore, Germany, and Japan. D) Japan, Germany, and the U.S. CORRECT The largest share of U.S. imports comes from A) Africa.
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B) Asia. C) NAFTA countries (Canada and Mexico). D) the European Union. CORRECT The leading exporters of commercial services are A) Asian countries. B) non-Asian developing countries. C) industrialized countries. D) the former Soviet Republics (the Newly Independent States). CORRECT Over the past 35 years, most countries A) have come to rely more heavily on international trade. B) have come to rely less heavily on international trade. C) export less than 10% of their GDP. D) a and c are both correct. CORRECT Considering the 10 countries that had the largest shares in global exports and imports, A) industrialized countries dominate the list of both leading exporters and leading importers. B) industrialized countries dominate the list of leading exporters, but most of the leading importers are developing countries. C) developing countries dominate the list of leading exporters, but most of the leading importers are industrialized countries. D) developing countries dominate the list of both leading exporters and leading importers. CORRECT The smallest proportion of U.S. imports is made up of __________ and a comparatively large proportion of U.S. exports is made up of __________. A) foods, feeds, and beverages; consumer products B) foods, feeds, and beverages; non-automotive capital goods C) consumer products; foods, feeds, and beverages D) consumer products; automobiles and parts 10  CORRECT International trade A) was practically unheard of in the ancient world. B)
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This note was uploaded on 04/10/2011 for the course ECON 2001-1 taught by Professor Nickeyturner during the Spring '11 term at Walden University.

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Actual chapter 1 quiz - Actual chapter 1 quiz YourResults:

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