World Trade and Economic Growth Quiz
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Questions and Answers

What has been strongly correlated with national economic growth?

  • Decreased integration into global markets
  • Rising inflation rates
  • Reduced trade with the rest of the world
  • Increased integration into global markets (correct)

    • Where did Shenzhen, China grow explosively between 1985 and 2015?

  • As a financial services hub
  • As a technology research and development hub
  • As an export processing zone/special economic zone (correct)
  • As an agricultural production center

    • What has led to large declines in manufacturing employment and wages in some US states?

  • Chinese import penetration (correct)
  • Rising global oil prices
  • Increased demand for skilled labor
  • Government subsidies for local businesses

    • What do politicians often promise to do in response to job loss due to import competition?

    <p>Revert to protectionist policies</p> Signup and view all the answers

    What type of jobs are often outsourced to China, leading to winners and losers?

    <p>Averagely skilled jobs</p> Signup and view all the answers

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