1. The United States ranks ______ in the world in the total value of its economic production. A. first B. second C. third D. fourth
2. The following are the factors that have contributed to the development of the U.S. economy except ______. A. the vast space and resources of the land B. the ideals of freedom and economic opportunity C. English as its national language D. hard work by the people
3. Which of the following is not true of the U.S. economy? A. It is based largely on a free enterprise system. B. There is little government involvement in the economy C. It is one of the least regulated economies in the world. D. Many of the nation's basic industries are represented by only a few major corporations.
4. The United States has vast expanses of fertile soil that is well suited to ______. A. raising cattle B. growing crops C. developing highways D. digging wells
5. Which of the following is not true of water resources in the United States? A. Water has contributed to the welfare of the country. B. Lakes, rivers, and underground deposits supply water for households, farms, and industries. C. The nation uses about 400 billion gallons of water daily. D. Households use more than half of this total.
6. Forests cover nearly ______ of the United States, and they yield many valuable products. A. a fourth B. a third C. half D. two thirds
7. Which of the following is not true of mineral resources in the United States? A. The United States has large deposits of coal, iron ore, natural gas, and petroleum. B. The United States does not have to import any minerals from other countries. C. Mineral resources of the United States are well developed. D. Major mineral resources that are scarce in the United States are tin,manganese, and nickel.
8. What is the leading corn-producing state in the United States? A. Nebraska. B. Minnesota. C. Iowa. D. Indiana.
9. What is America's most important food crop? A. Wheat. B. Rice. C. Barley. D. Oat.
10. Which of the following is not true of U.S. agriculture? A. It is the most efficient in the world. B. About a third of the world's food exports come from U.S. farms. C. The use of modern farm machinery and agricultural methods has helped make U.S. farms the most efficient in the world. D. The number of farms in the United States has increased since 1925.
11. The chief mineral products of the United States are in order of value, _____ . A. petroleum, natural gas, and coal B. natural gas, petroleum, and coal C. coal, petroleum, and natural gas. D. coal, natural gas, and petroleum
12. Which state ranks first among the states in the value of its manufactured goods. A. New York. B. Ohio. C. Texas. D. California.
13. Which of following is not true of U.S. manufacturing? A. The value of American manufactured goods is greater than that of any other country. B. Manufacturing accounts for 18% of the U.S. gross domestic product. C. Since the mid-1900's, the country's fastest-growing manufacturing areas have been in the Midwest and Northeast. D. Since the Mid-1900's, U.S. industries have turned increasingly to automation.
14. Service industries account for about ______ of the U.S. gross domestic product. A. a third B. half C. two thirds D. three fourths
15. Which of the following dose not belong to service industries? A. Canada and Japan are the country's chief trading partners. B. The U.S. share of would trade has increased in recent years. C. Since the mid-1960's, the value of imports has usually been much higher than the value of exports. D. Traditionally, the value of U.S. exports has exceeded, or been about the same as the value of U.S. imports.
16. Which of the following is not true of U.S. foreign trade? A. Canada and Japan are the country's chief trading partners. B. The U.S. share of world trade has increased in recent years. C. Since the mid-1960s, the value of imports has usually been much higher than the value of exports. D. Traditionally, the value of U.S. exports has exceeded, or been about the same as, the value of U.S. imports.
17. What are the leading U.S. exports? A. Mineral fuels. B. Iron and steel. C. Paper and newsprint. D. Machinery and transportation equipment.
18. What are the leading U.S. imports? A. Machinery and transportation equipment. B. Scientific measuring equipment. C. Textile fibers. D. All of the above.
19. What are the problems the U.S. economy has faced fro time to time? A. Recessions. B. Depressions. C. Inflation. D. All of the above.
20. What percentage of the population is classified by the U.S. government as poor? A. 5% B. 10% C. 15% D. 20%.
1.A 2.B 3.B 4.B 5.D 6.B 7.B 8.C 9.A 10.D 11.A 12.D 13.C 14.D 15.D 16.B 17.D 18.A 19.D 20.C
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