AGB 302 FINAL EXAM |90+ Questions with 100% Correct Answers | Updated & Verified 2023 . agb 302 final 1. Interdependent political, economic, and legal systems of a country make up its:: political economy. 2. Modern socialism has been popularized largely through the work of ________.: Karl Marx 3. 1...
AGB 302 FINAL EXAM |90+ Questions with 100%
Correct Answers | Updated & Verified 2023
, AGB 302 FINAL EXAM |90+ Questions with 100%
Correct Answers | Updated & Verified 2023
Interdependent political, economic, and legal systems of a country make up its: correct answers
political economy.
Modern socialism has been popularized largely through the work of ________. correct answers
Karl Marx
1) In several Western democracies, the poor performance of state-owned enterprises, because of
protection from competition and guaranteed government financial support, led to ________.
correct answers privatization
1) The tenet of ________ is that the welfare of society is best served by letting people pursue
their own economic self-interest. correct answers ) individualism
In a pure market economy correct answers production is determined by the interaction of supply
and demand
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. correct answers mixed
Which of the following statements about the legal systems of countries is true? correct answers
They can affect the attractiveness of a country as an investment site or market
1) Under the ________, cases are judged with reference to three characteristics: tradition,
precedent, and custom. correct answers ) common law system
1) Which of the following areas of international trade is regulated by the Foreign Corrupt
Practices Act? correct answers Preventing bribery and unethical acts in the conduct of
international business.
1) Design and names by which merchants or manufacturers designate and differentiate their
products are known as ________. correct answers ) trademarks
1) One of the reasons for the spread of democracy is the emergence of ________ who have
pushed for democratic reforms. correct answers A) increasingly prosperous middle and working
classes
1) Anecdotal comparisons suggest that the assertion that nations that invest more in
________ will have higher growth rates is true. correct answers B) education
1) Several of the fastest-growing Asian economies adopted more ________ governments during
the past three decades, including South Korea and Taiwan. correct answers D) democratic
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