Answer & Explanation:there are 10 questionshst413_08_07_st2_ga__1_hakoparganyan.doc
hst413_08_07_st2_ga__1_hakoparganyan.doc
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History | Graded Assignment | Semester Test Part 2: U.S. and Global Economics
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Date:
Graded Assignment
Semester Test Part 2: U.S. and Global Economics
Answer the following 10 questions based on what you have learned this semester. Each question is worth 10
points, for a total of 100 points.
(10 points)
1. Describe the circular flow model of the free-market system.
Score
(10 points)
2. How do consumers use cost-benefit analysis? Why do consumers make different decisions
using this process?
Score
(10 points)
3. Name two different market structures. Describe how and why they each have a different
competitive situation.
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Score
Page 1 of 4
History | Graded Assignment | Semester Test Part 2: U.S. and Global Economics
(10 points)
4. What is the Law of Supply and Demand? Explain how increases and decreases in supply and
demand affect prices.
Score
(10 points)
5. What is the business cycle? What causes changes from one phase of the business cycle to
another?
Score
(10 points)
6. Explain the different investment options someone with a high level of risk aversion might
choose. What are the possible investment goals for this person?
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Copying or distributing without K12’s written consent is prohibited.
Score
Page 2 of 4
History | Graded Assignment | Semester Test Part 2: U.S. and Global Economics
(10 points)
7. What are tariffs? What are some of the harmful effects of tariffs?
Score
(10 points)
8. Give an example of a public good and describe why it’s a public good. Should the government
provide this good? Why or why not?
Score
(10 points)
9. What is globalization? Why does globalization benefit some countries more than others?
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Copying or distributing without K12’s written consent is prohibited.
Score
Page 3 of 4
History | Graded Assignment | Semester Test Part 2: U.S. and Global Economics
(10 points)
10. There are a number of organizations designed to regulate the global economy and assist
individual nations in the global economy. List and describe two such organizations.
Your Score
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Copying or distributing without K12’s written consent is prohibited.
Score
___ of 100
Page 4 of 4
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