What has been a major concern regarding the fairness of gains resulting from globalization in the United States? a) Wage inequality b) Trade deficits c) Inflation d) Budget deficits Justification: ……………………………………………………………………………………………. .................................................................................................................................................. ………… 3. The Southern colonies’ economy in the 17th and 18th centuries was mainly based on: a) Shipbuilding and maritime trade b) Small-scale farming and artisanal industries c) Plantation agriculture and the production of cash crops d) Fur trading and trapping Justification: ……………………………………………………………………………………………. .................................................................................................................................................. …………. 4. What was the impact of the migration and development on cities and suburbs in the United States? a) Decrease in suburban population b) Stagnation of business patterns c) Changes in demographic and economic landscapes d) No significant impact on infrastructure Justification: ……………………………………………………………………………………………. .................................................................................................................................................. ………. 5. Which of the following best describes the Great Depression? a) A period of economic prosperity b) A time of global economic downturn and hardship c) An era of technological advancement d) A phase of rapid industrial growth Justification: ……………………………………………………………………………………………. .................................................................................................................................................. ………… 6. What tied diverse regions together during the market revolution? a) New political ideologies b) Economic vulnerability c) Industrialization and the cash economy d) Geographical proximity