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| 1.
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A reasonable estimate of outsourcing is that by 2005 over 2 million service jobs in total had been shifted from the United States to India and other developing countries. |
| | A) | TRUE |
| | B) | FALSE |
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| 2.
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In total it appears that about 10 percent of service sector jobs are potentially affected by international outsourcing. |
| | A) | TRUE |
| | B) | FALSE |
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| 3.
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The United States is a large net exporter of business services. |
| | A) | TRUE |
| | B) | FALSE |
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| 4.
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In the poorest countries in the world almost half of the children ages 10 to 14 work |
| | A) | TRUE |
| | B) | FALSE |
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| 5.
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When average incomes per personal in a country rise to about $20,000, child labor nearly disappears in that country. |
| | A) | TRUE |
| | B) | FALSE |
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| 6.
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The European Union adopted a formal constitution in May 2005. |
| | A) | TRUE |
| | B) | FALSE |
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| 7.
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In May 2004, Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Hungary, Slovenia, Cyprus, and Malta replaced their national currencies with the euro. |
| | A) | TRUE |
| | B) | FALSE |
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| 8.
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In 2005 the Chinese government decreased the value of its currency from 8.11 yuan per dollar to 8.28 yuan per dollar. |
| | A) | TRUE |
| | B) | FALSE |
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| 9.
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A common currency among neighboring countries can stimulate trade and reduce costs associated with changing currencies. |
| | A) | TRUE |
| | B) | FALSE |
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| 10.
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As China bought dollar-denominated assets such as U.S. government securities, their defense of the yuan helped to keep U.S. long-term interest rates down. |
| | A) | TRUE |
| | B) | FALSE |
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