In the modern international economy, the United States is recognized as the country with:A.the highest rate of unemployment.B.the largest gross domestic product.C.the lowest level of economic development.D.the strongest commitment to the gold standard.

When compared to most other developed countries, the United States:A.has a higher gross domestic product.B.has a higher rate of unemployment.C.has a higher standard of living.D.is more likely to rely on the gold standard.

As part of the global economy, the United States plays the role of:A.the largest of the developing countries.B.the most economically powerful country.C.the country with the lowest standard of living.D.the country most focused on agriculture.SUBMITarrow_backPREVIOUS

The United States is considered to have a high standard of living because:A.its currency is no longer tied to precious metals like gold.B.its citizens have access to a wide variety of material goods.C.its businesses rarely have to pay taxes to the federal government.D.the most important sectors of its economy are agricultural.

Which of the following describe the U.S. economy as it stood in early 2019?

Which development would most likely reduce the standard of living in the United States?A.Wages increase for most American workers.B.It becomes easier for U.S. citizens to get health care.C.U.S. factories begin to produce far fewer goods.D.The U.S. government returns to the gold standard.