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Unit Test Review Quiz
People who can read and who receive an education are eligible for higher-paying jobs.
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Why do developing countries usually have less variety in their economic activities?
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Why does an increase in literacy rates often accompany an increase in per capita income?
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What are standards designed to do? Check all that apply.
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In developed economies, less-educated workers
protect consumerslimit importsensure safety
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Why does an increase in literacy rates often accompany an increase in per capita income?
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What are standards designed to do? Check all that apply.
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A reason that countries trade with each other is
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In developed economies, less-educated workers
Different countries use different currencies.
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Which best describes the effect negative incentives have on a certain course of action?
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Which of these statements most accurately describes the use of currencies in different parts of the world?
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Which process helps countries import things they cannot make while allowing them to specialize in exports?
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A reason that countries trade with each other is
become more expensive
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Which best describes the effect negative incentives have on a certain course of action?
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If the value of the US dollar declines in relation to other currencies, goods imported into the United States will
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Why might a country choose to devalue its currency?
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Which process helps countries import things they cannot make while allowing them to specialize in exports?
to get products they cannot produce.
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Why might a country choose to devalue its currency?
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A reason that countries trade with each other is
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An economic incentive is best described as something that
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An exchange rate table makes it easy to compare the
motivates producers or consumers to take action.
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Which best describes the effect negative incentives have on a certain course of action?
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An exchange rate table makes it easy to compare the
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An economic incentive is best described as something that
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A reason that countries trade with each other is
They make the action less profitable.
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Which best describes the effect negative incentives have on a certain course of action?
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Why do developing countries usually have less variety in their economic activities?
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Which of these statements most accurately describes the use of currencies in different parts of the world?
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Which process helps countries import things they cannot make while allowing them to specialize in exports?
Limited access to education means that people are not trained to work in industry or technology.
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Which process helps countries import things they cannot make while allowing them to specialize in exports?
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Which best describes the effect negative incentives have on a certain course of action?
0%
Which of these statements most accurately describes the use of currencies in different parts of the world?
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Why do developing countries usually have less variety in their economic activities?
international trade
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Which of these statements most accurately describes the use of currencies in different parts of the world?
0%
Which best describes the effect negative incentives have on a certain course of action?
0%
Which process helps countries import things they cannot make while allowing them to specialize in exports?
0%
If the value of the US dollar declines in relation to other currencies, goods imported into the United States will
value of the currencies for two or more countries.
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An economic incentive is best described as something that
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Why might a country choose to devalue its currency?
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A reason that countries trade with each other is
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An exchange rate table makes it easy to compare the
can have difficulty finding work.
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What are standards designed to do? Check all that apply.
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A reason that countries trade with each other is
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Why does an increase in literacy rates often accompany an increase in per capita income?
0%
In developed economies, less-educated workers
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