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WGU D270 Business (Garcia) Final Exam Questions and Answers Western Governors University.
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WGU D270 Business (Garcia) Final Exam Questions and Answers Western Governors University.
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WGU D270 Business (Garcia) FinalExam Questions and Answers Western
Governors University.
Chapter 4 Case 1:
What was the point?
Correct Answer -Large economies in 2050 will be in Asia, G-7 and G-20,
power from wealthier countries to emerging countries and wealthy
countries want to restore their former powers, reducing state authority to
raise economies hurts developing economies
Four big interpretations to determine a countries economic environment
Correct Answer -1) Type of economic Environment
2) Degree of Economic Freedom
3) Drivers of Economic Performance
4)Orientation of Economic Success
Define Developed Economies
Correct Answer -Stable institutions, high EF, advanced tech, lots of
infrastructure, 16% of world's pop lives here, trend is to send
manufacturing to a lower cost, high productive factory in a developing
country
Define Developing Economies
Correct Answer -Uneven Economic environment, resist foreign
ownership, low EF, sketchy tech, corruption high, hard to live daily lives
and 84% of pop lives here
, What is the base of the pyramid?
Correct Answer -spotlights the 4 billion people at the bottom, who barely
make it by
What defines an economy in transition?
Correct Answer -lots of range due to development @ different rates, lots
of growth in productivity, per capita is raised, market liberalization
promotes foreign investment ad exports
What is the relationship between governments and
economic freedom?
Correct Answer -Freedom needs protection from gov regulations but too
much hurts efficiency and restricts entrepreneurial
Which countries are the most unfree in the world?
Correct Answer -The BRIC countries
What do developed countries do to help with Economic Freedom?
Correct Answer -They increase trade, lower corruption, raise stability,
promote economic choice, regulate investment and financial freedoms
Is economic freedom necessary for growth?
Correct Answer -It would seem so but some authoritarian governments
have had significant economic growth
What is state capitalism?
Correct Answer -State capitalism is a combination of freer markets and
some government control, which creates growth and prosperity for the
state
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