2015 1st Semester Final Exam - Part 2: Question Preview (ID: 28429)


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This country is considered a federal republic, which means their government is broken up into three levels of government, has a president, and a constitution that gives people rights.
a) Japan b) China c) North Korea d) India
What is the relationship between investment in Human Capital (education and training) and GDP?
a) There is no proven relationship between the two. b) The better trained and educated a people are the higher the GDP will be. c) A high GDP is responsible for all Human Capital. d) GDP and Human Capital are one and the same.
Why does international trade require a system of exchanging currency between nations?
a) Everybody wants and accepts American money. b) If the value of the currency could not be changed to another country’s currency, countries would not trade with each other. c) Because the Peso is the most valuable currency in the world. d) Because the United Nations is trying to stop countries from using gold.
The set of skills which an employee acquires on the job, through training and experience is called;
a) Tariff b) Taxes c) Human Capital d) Exchange Rates
Many oil-rich countries cooperate with each other in the Organization of Petroleum Exporting Countries (OPEC). How does this help them play a major role in world affairs?
a) They share a common language and history. b) They share a common form of government. c) They maintain a military force in the Middle East. d) They influence the price of oil on the world market.
Although it is illegal, the Caste System divides India’s population into classes such as Dalits and Brahmans. How is this division of classes different than the class division in the U.S.A.?
a) In India, classes are divided by how much money a person makes. b) In the U.S., you have to do what your parents do for a living. c) In the U.S. people can change their classes by hard work and education, but in India people stay in the class they are born i d) In India, people can change their classes by hard work and education, but in the U.S. people stay in the class they are born
Although the Ganges River is considered a holy river, it has been a main reason for the spread of disease throughout the population of the people that depend on it. This is because:
a) It is highly polluted due to the way the people use the water. b) It is infested with bacteria from a hospital that dumps its waste in it. c) It is the cause of contaminating the soil where people grow their food. d) It is an incubator for mosquitoes which carry all of the diseases to people.
How did European partitioning in Southwest Asia (Middle East) after the breakup of the Ottoman Empire lead to regional conflicts?
a) Allies created new boundaries with no consideration of local geography, tribal affiliation or national identity. b) Allies created new boundaries with total consideration of local geography, tribal affiliation or national identity. c) Allies left boundaries the way they were before WWI. d) Allies allowed local leaders to partition the Southwest Asia region.
Southwest Asia is currently facing environmental issues. Topics such as chemical fertilizer, garbage, sewage runoff and lack of proper irrigation. Which of the following is NOT an issue facing Southwest Asia today?
a) River Dams b) Uneven water distribution c) Water pollution d) Smog
________________ is the early 1800s movement of European Jews to create a country or community in Palestine. It was achieved in 1948 after WWII and the Holocaust.
a) Anti-Semitism b) Zionism c) Diaspora d) Exodus
A hopeful sign for the future of Africa is its rising literacy rate. why is the “literacy rate” important to a country?
a) It decreases the skill level of the human capital making the country less productive. b) It increases the skill level of the human capital improving the country’s production. c) It causes more people to work on farms. d) It increases the amount of money the country
China and India are the two largest populated countries in the world. Unlike China, India allows citizen participation in government through voting, and has a complex constitution with a president. What type of government do these characteristics rep
a) Unitary b) Confederation c) Communist d) Federal Republic
Why do most economies in the world today operate somewhere between a market economy and a command economy?
a) Government control makes a market economy more profitable. b) Most consumers prefer government control to a free market system. c) Government control of some aspects of the economy has never been successful in the modern world. d) Most economies have found they need a mix of free market and some government control to be successful and protect consumers.
No commerce or trade with a certain country in an attempt to isolate the country and make the economy suffer, putting the government in a bad situation is called;
a) Entrepreneurship b) Capital c) Embargo d) Specialization
A duty (tax) imposed on goods when they are moved across a political boundary is called;
a) Tariffs b) Human Capital c) Quotas d) Exchange Rates
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