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AGB 302 FINAL/100 QUESTIONS AND ANSWERS (A+)
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AGB 302 FINAL/100 QUESTIONS AND ANSWERS (A+)
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AGB 302 FINAL/100QUESTIONS AND
ANSWERS (A+)
Interdependent political, economic, and legal
systems of a country make up its: -
√Answer>political economy.
Quiz :Modern socialism has been popularized
largely through the work of ________. -
√Answer>Karl Marx
Quiz :1) In several Western democracies, the poor
performance of state-owned enterprises, because
of protection from competition and guaranteed
government financial support, led to ________. -
√Answer>privatization
Quiz :1) The tenet of ________ is that the welfare
of society is best served by letting people pursue
their own economic self-interest. - √Answer>)
individualism
Quiz :In a pure market economy -
√Answer>production is determined by the
interaction of supply and demand
,Quiz :1) In a ________ economy, certain sectors
of the economy are left to private ownership and
free market mechanisms while other sectors have
significant state ownership and government
planning. - √Answer>mixed
Quiz :Which of the following statements about the
legal systems of countries is true? -
√Answer>They can affect the attractiveness of a
country as an investment site or market
Quiz :1) Under the ________, cases are judged
with reference to three characteristics: tradition,
precedent, and custom. - √Answer>) common law
system
Quiz :1) Which of the following areas of
international trade is regulated by the Foreign
Corrupt Practices Act? - √Answer>Preventing
bribery and unethical acts in the conduct of
international business.
Quiz :1) Design and names by which merchants or
manufacturers designate and differentiate their
products are known as ________. - √Answer>)
trademarks
Quiz :1) One of the reasons for the spread of
democracy is the emergence of ________ who
have pushed for democratic reforms. -
, √Answer>A) increasingly prosperous middle and
working classes
Quiz :1) Anecdotal comparisons suggest that the
assertion that nations that invest more in
________ will have higher growth rates is true. -
√Answer>B) education
Quiz :1) Several of the fastest-growing Asian
economies adopted more ________ governments
during the past three decades, including South
Korea and Taiwan. - √Answer>D) democratic
Quiz :1) Which of the following helps in adjusting
GNI such that it accounts for the differences in the
cost of living? - √Answer>A) Purchasing power
parity (PPP) adjustment
Quiz :1) Which of the following is a measure that is
developed by the United Nations to measure the
quality of life in different nations? -
√Answer>Human Development Index
Quiz :1) ________, a Nobel Prize-winning
economist, has argued that development is not
just an economic process, but it is a political one
as well. - √Answer>Amartya Sen
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