Quiz for America Compared: Global Trade, 1960–2009

Question

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Correct. The answer is d. The process of deindustrialization in the United States in the 1970s accounted for the nation’s increasing dependence on imported goods, as compared to other nations. Facing stiff competition from Japan and Germany, many American factories dismantled in the 1970s. The loss of domestic manufacturing led to an increase in Americans’ dependence on imported goods.
Incorrect. The answer is d. The process of deindustrialization in the United States in the 1970s accounted for the nation’s increasing dependence on imported goods, as compared to other nations. Facing stiff competition from Japan and Germany, many American factories dismantled in the 1970s. The loss of domestic manufacturing led to an increase in Americans’ dependence on imported goods.

Question

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Correct. The answer is c. Although it retained a nominally communist government, China embraced capitalism in the 2000s and built thousands of factories that produced inexpensive products for export. China deliberately kept its currency weak against the U.S. dollar to ensure that its exports remained cheap in the United States and appealing to American consumers.
Incorrect. The answer is c. Although it retained a nominally communist government, China embraced capitalism in the 2000s and built thousands of factories that produced inexpensive products for export. China deliberately kept its currency weak against the U.S. dollar to ensure that its exports remained cheap in the United States and appealing to American consumers.