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Which of the following is NOT an economic element of the United States in relation to its position in the world economy?


A) Although it has a trade deficit with most competitors, it exports more goods than it imports.
B) It has a wide base of natural resources.
C) It has the most diversified economy among its major competitors.
D) It is the most economically competitive of its major competitors.
E) All of these answers are correct.

F) B) and C)
G) A) and E)

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Identify the three broad goals of the United States in the global economy.

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The first goal is to promote a stable an...

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Which of the following is true about the Vietnam War?


A) U.S. combat forces left Vietnam in 1973.
B) North Vietnamese forces took over the country in 1975.
C) It was the most painful and costly application of the containment doctrine.
D) U.S. forces were technically superior in combat to the communist fighters, although the war had no front lines and few set battles.
E) All of these answers are correct.

F) A) and E)
G) B) and C)

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________ together account for roughly half of the economy of the European Union.


A) Scotland, Ireland, and Great Britain
B) Italy, Spain, and Russia
C) Sweden, Denmark, and Finland
D) Great Britain, France, and Germany
E) None of these answers is correct.

F) A) and D)
G) A) and E)

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The three major economic centers of the world are the


A) United States, Canada, and Mexico.
B) Pacific Rim, China, and the United States.
C) United States, the Pacific Rim, and the European Union.
D) United States, Russia, and Brazil.
E) None of these answers is correct.

F) A) and C)
G) C) and D)

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Regarding assistance to developing nations, which of the following countries ranks LOWEST in terms of per capita expenditures?


A) Canada
B) Germany
C) France
D) the United States
E) Great Britain
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F) None of the above
G) A) and D)

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Which president called for a "new world order"?


A) Bill Clinton
B) Ronald Reagan
C) George H. W. Bush
D) Dwight Eisenhower
E) George W. Bush

F) A) and E)
G) B) and E)

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The European Recovery Plan is better known as the


A) Truman Doctrine.
B) Marshall Plan.
C) Carter Doctrine.
D) Clinton Manifesto.
E) Reagan Decree.

F) D) and E)
G) A) and E)

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Regarding the position of the United States in world trade, it can be said that


A) the United States has never had a trade surplus.
B) in recent years, the United States has had trade surpluses more than deficits.
C) the United States has the most favorable balance of trade in the world.
D) the United States is a larger market than the European Union and the Pacific Rim combined.
E) None of these answers is correct.

F) None of the above
G) B) and C)

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The U.S. lesson learned from the Vietnam War was that


A) public opinion could be ignored by leaders during wartime.
B) nuclear weapons had utility in a war of insurgency.
C) there were limits on America's ability to get its own way in the world.
D) the national interest of the United States required a total disengagement from Asian affairs.
E) constant bombing will force the enemy to concede defeat.

F) B) and E)
G) All of the above

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C

Which country holds the LARGEST dollar amount of U.S. treasury bonds?


A) Germany
B) France
C) Great Britain
D) Japan
E) China

F) A) and B)
G) B) and C)

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E

The United States produces about ________ percent of the world's goods and services.


A) 5
B) 20
C) 50
D) 66
E) 75

F) A) and E)
G) All of the above

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Which of the following countries is NOT a member of the G-7?


A) Germany
B) France
C) Italy
D) Great Britain
E) Spain

F) A) and B)
G) C) and D)

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The phrase that BEST describes the shift in America's world position from the pre- to the post-World War II eras is


A) internationalism to isolationism.
B) isolationism to internationalism.
C) containment to isolationism.
D) interventionism to isolationism.
E) None of these answers is correct.

F) A) and D)
G) B) and C)

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This region has the world's largest oil reserves:


A) Middle East.
B) North America.
C) South America.
D) Asia.
E) Australia.

F) C) and D)
G) B) and C)

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The ________ was created to coordinate domestic efforts to protect the United States against terrorist attacks and threats.


A) Department of Homeland Security
B) CIA
C) FBI
D) National Security Council
E) State Department

F) A) and B)
G) C) and D)

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Why was the 2014 G-7 summit held in Brussels?


A) The major European powers wanted a more convenient location for the meeting.
B) The participants wanted to emphasize their displeasure at Russian annexation of the Crimean Peninsula.
C) The choice of Brussels emphasized that the summit was about western European issues, not global issues.
D) Brussels is the headquarters of the European Union.
E) The participants wanted to highlight that Belgium is an important economic power.

F) A) and B)
G) C) and E)

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Defense spending is second-highest in


A) Russia.
B) the United States.
C) China.
D) Great Britain.
E) Germany.

F) B) and D)
G) B) and C)

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C

The nuclear triad consists of


A) land-based missiles, bombers, and tactical nuclear weapons.
B) bombers, jet fighters, and submarine-based missiles.
C) land-based missiles, submarine-based missiles, and bombers.
D) bombers, land-based missiles, and cruise missiles.
E) None of these answers is correct.

F) A) and B)
G) A) and C)

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Describe the military-industrial complex and discuss its influence on defense spending.

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The military-industrial complex has thre...

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