Unit 5 Assessment Review

Unit 5 Assessment Review

Assessment

Flashcard

Social Studies

11th - 12th Grade

Hard

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25 questions

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1.

FLASHCARD QUESTION

Front

Which must exist before a country can specialize its production? Options: a free-market system, an international division of labor, government subsidies, a global economy

Back

an international division of labor

2.

FLASHCARD QUESTION

Front

Which of these can a country have when there is an international division of labor? a gross domestic product, social welfare programs, specialized production, protectionist policies

Back

specialized production

3.

FLASHCARD QUESTION

Front

Which conditions would allow Country X to have an absolute advantage over Country Y in the production of automobiles? Options: Country X's workers earn higher wages. Country X can manufacture cars more cheaply. Country Y subsidizes its automobile industry. Country Y has a protective tariff on car imports.

Back

Country X can manufacture cars more cheaply.

4.

FLASHCARD QUESTION

Front

Which circumstance would give Country X an absolute advantage over Country Y in the production of clothing?

Back

Its production costs for clothing were the lowest in the world.

5.

FLASHCARD QUESTION

Front

Which gives a country a comparative advantage?

Back

when it gives up less than others to engage in a particular type of production

6.

FLASHCARD QUESTION

Front

Why does interdependence bring economic growth?

Back

Interdependence enables specialized production, which is more efficient.

7.

FLASHCARD QUESTION

Front

Why do high tariff levels restrict international trade?

Back

Traded goods cost more when there are high tariffs, and this limits their sale.

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