Unit Test Review

Which best describes the effect negative incentives have on a certain course of action?

Why might a country choose to devalue its currency?

What are standards designed to do? Check all that apply.

Why do developing countries usually have less variety in their economic activities?

A reason that countries trade with each other is

A tariff is a type of

Which of these statements most accurately describes the use of currencies in different parts of the world?

Globalization is the process of

Which process helps countries import things they cannot make while allowing them to specialize in exports?

If the value of the US dollar declines in relation to other currencies, goods imported into the United States will

An economic incentive is best described as something that

An exchange rate table makes it easy to compare the

Why does an increase in literacy rates often accompany an increase in per capita income?

What type of economic growth do most developed economies experience?

In developed economies, less-educated workers