B#7 US Gov

Benchmark 4-B:

analyze and evaluate how economic systems impact the way individuals, households, businesses, governments and societies make decisions about resources and the production and distribution of goods and services:

#7 Standards with Test Item Specifications:

Understand the relationship between the United States’ governmental policies and international trade;

Specifications:

●Identify the role of tariffs

●Understand gross domestic product

Sample Question:

What is likely to result in a tariff having been placed by the U.S. on a foreign nation?

A. the foreign nation’s imports into the U.S. would decrease*

B. the U.S. would boycott goods from the foreign nation

C. the foreign nation’s revenue would increase

D. the U.S. would increase exports to the foreign nation