What is the main reason the trade relationship between the United States and China is considered crucial for global stability?

US-China Relationship Microeconomics Assessment

Quiz
•
Financial Education
•
12th Grade
•
Hard
seshuan chicken
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cultural exchange between the two countries.
The influence each country has on the world.
The military alliances they have formed.
The geographical proximity of the two countries.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economic system does the US have?
Command economy.
Socialist market system.
Mixed capitalist system.
Traditional economy.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main negative externalities from China mentioned in the presentation?
Specialized labor
Theft of intellectual property
Unintentional control of global demand and world economy
Quality control
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main positive externalities from China?
Specialized labor
Cheapness and profitability from outsourcing
Quality control
Theft of intellectual property
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main advantages of the USA in production?
Cheap labor
Raw materials
Specialized labor and quality control
Pollution control
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major problem the US faces in its economic relationship with China?
Over-subsidization, which causes over-saturation of markets
Theft of intellectual property
Cheap labor
Raw materials
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one main advantage of trading with China?
Higher quality goods
Cheaper prices for consumers
Increased job opportunities and extremely high wages
Better environmental standards
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the negative impacts of tariffs on American companies, according to the presentation?
Increased profit margins
Higher wages for workers
Acceptance of lower profit margins
Expansion of jobs
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the Biden's administration's policy towards China differed from the Trump's administration's?
Biden's administration has imposed export controls to stop China from getting access to high-end semiconductors.
Biden's administration has increased tariffs on Chinese goods.
Trump's administration has subsidized its own high-technology and green industries.
Trump's administration has pushed 'friendshoring' to build supply chains of critical raw materials.
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