High Inflation In The United States Would Most Likely Have

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?

Answer: Institute an embargo on trade in certain items with Nation A

Question: Which of the following economic goals focuses on ensuring citizens' well-being even in a crisis?

Answer: Security

Question: 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?

Answer: A command economy

Question: 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?

Answer: They have access to the ocean.

Question: The United States can manufacture books at a much more rapid pace than manufacturers in Indonesia. Which of the following is a reason?

Answer: Indonesia, as a developing country, has a less advanced manufacturing infrastructure.

Question: If the Consumer Price Index rises then

Answer: inflation is occurring

Question: The governments of the United States, Mexico, and Canada created the North American Free Trade Agreement in order to

Answer: remove barriers to trading products between the three countries

Question: The smallest, most local type of economy is a

Answer: traditional economy

Question: Which of the following describes a developing nation?

Answer: A traditional economy with a low Human Development Index

Question: Adam Smith would most likely oppose a plan for

Answer: government bailouts for failing corporations

Question: 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?

Answer: Karl Marx's collapse of capitalism

Question: Which of these would result from high inflation in the United States?

Answer: Americans would demand higher wages.

Question: High inflation in the United States would most likely have

Answer: a negative impact on the U.S. dollar exchange rate

Question: If the inflation rate increases faster than their income, people will most likely

Answer: use a higher proportion of their incomes on basic needs