Q. What is a key reason why several countries use the U.S. dollar as their official or de facto currency?
a) It has the lowest inflation rate
b) It is the oldest currency in circulation
c) It is backed by the dominant U.S. economy and military
d) It is controlled by the International Monetary Fund
Q. The U.S. has free trade agreements with several countries, including which agreement?
a) ASEAN
b) EU-MERCOSUR
c) BRICS
d) USMCA
Q. In the 2019 Global Competitiveness Report, which country ranked first ahead of the U.S.?
a) Germany
b) Japan
c) Switzerland
d) Singapore
Q. Despite being considered a service economy, the U.S. remains a major power in which sector?
a) Mining
b) Agriculture
c) Manufacturing
d) Tourism
Q. In 2021, the U.S. manufacturing sector was the world’s ___ largest after China.
a) First
b) Second
c) Third
d) Fourth
Q. Which city is considered the world’s principal financial center?
a) London
b) Tokyo
c) Hong Kong
d) New York City
Q. What is the world’s largest metropolitan economy?
a) Tokyo Metropolitan Area
b) New York City
c) Greater London
d) Los Angeles
Q. Which are the two largest stock exchanges by market capitalization and trade volume?
a) London Stock Exchange & Tokyo Stock Exchange
b) New York Stock Exchange & Nasdaq
c) Shanghai Stock Exchange & Hong Kong Stock Exchange
d) Euronext & Toronto Stock Exchange
Q. The United States is at or near the forefront of technological advancement in all of the following fields except:
a) Artificial intelligence
b) Aerospace and military equipment
c) Pharmaceuticals
d) Textile manufacturing
Q. What factors fuel the U.S. economy?
a) High population growth and tourism
b) Low taxation and government subsidies
c) Abundant natural resources, well-developed infrastructure, and high productivity
d) Agricultural exports and remittances