US-China Relationship Microeconomics Assessment

US-China Relationship Microeconomics Assessment

12th Grade

9 Qs

quiz-placeholder

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US-China Relationship Microeconomics Assessment

US-China Relationship Microeconomics Assessment

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

seshuan chicken

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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.