Name: 
 

Chapter 4 The 21st Century Global Economy



True/False
Indicate whether the statement is true or false.
 

 1. 

When buying declines, unemployment goes up.
 

 2. 

The United States did not assume a leading role in global trade until after World War I.
 

 3. 

Global trade in the modern world has impacted poorer nations more than affluent ones.
 

Multiple Choice
Identify the choice that best completes the statement or answers the question.
 

 1. 

One of the earliest global trade routes followed which road?
a.
Apian Way
c.
Northwest Passage
b.
National Road
d.
Silk Road
 

 2. 

Who was the president of the United States when NAFTA (North American Free Trade Agreement) was signed into law?
a.
George W. H. Bush
c.
Bill Clinton
b.
George W. Bush
d.
Ronald Reagan
 

 3. 

What was the primary reason for exploration during the Age of Exploration?
a.
to find shorter trade routes
b.
to establish a Triangular Trade
c.
to establish colonies throughout the world
d.
to find sources of gold and other precious metals
 

 4. 

Which is considered an investment?
a.
getting a job
c.
taking out a loan
b.
buying a house
d.
opening a checking account
 

 5. 

What type of bank account is the most common?
a.
loan
c.
checking
b.
savings
d.
certificate of deposit
 

 6. 

Which category is NOT an example of demographics?
a.
age
c.
employment
b.
education
d.
gender
 

 7. 

What natural resource is expected to see strong job growth through 2022?
a.
coal
c.
natural gas
b.
oil
d.
salt
 
 

West Virginia Demographic Data

nar001-1.jpg
 

 8. 

Which statement best describes the demographic data presented?
a.
West Virginians do not value education.
b.
West Virginia is racially a diverse state.
c.
Having more education results in higher earnings.
d.
West Virginia has experienced a population loss over several years.
 

Completion
Complete each statement.
 

 1. 

In 2017, West Virginia’s top exported product was _____________________.
 

 

 2. 

Most of West Virginia’s new exporters are __________ companies.
 

 

 3. 

Three countries on which President Donald Trump imposed tariffs were _____________,

_____________________________, and ____________________________.
 

 

 4. 

The Toyota plant in West Virginia is located in ______________________.
 

 

Matching
 
 
Match each account with the proper definition.
a.
certificate of deposit
c.
money market account
b.
checking account
d.
savings account
 

 1. 

an account whose interest fluctuates with the national interest rate
 

 2. 

a flow through account where money is held until it is needed on demand to pay bills
 

 3. 

a holding place for money for the future
 

 4. 

an investment that draws interest and is written for a specific period of time
 

Essay
 
 
nar002-1.jpg
 

 1. 

Look at the map and identify ways that the voyages of exploration contributed to the establishment of global trade.
 



 
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