05.08 Module Five Exam (Economics)

3 April 2023
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question
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?
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Institute an embargo on trade in certain items with Nation A
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Which of the following economic goals focuses on ensuring citizens' well-being even in a crisis?
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Security
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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?
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A command economy
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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?
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They have access to the ocean.
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The United States can manufacture books at a much more rapid pace than manufacturers in Indonesia. Which of the following is a reason?
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Indonesia, as a developing country, has a less advanced manufacturing infrastructure.
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If the Consumer Price Index rises then
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inflation is occurring
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The governments of the United States, Mexico, and Canada created the North American Free Trade Agreement in order to
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remove barriers to trading products between the three countries
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The smallest, most local type of economy is a
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traditional economy
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Which of the following describes a developing nation?
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A traditional economy with a low Human Development Index
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Adam Smith would most likely oppose a plan for
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government bailouts for failing corporations
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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?
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Karl Marx's collapse of capitalism
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Which of these would result from high inflation in the United States?
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Americans would demand higher wages.
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High inflation in the United States would most likely have
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a negative impact on the U.S. dollar exchange rate
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If the inflation rate increases faster than their income, people will most likely
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use a higher proportion of their incomes on basic needs