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WGU D270 Business Davis Final Exam Multiple Questions and Answers Western Governors University.
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WGU D270 Business Davis Final Exam Multiple Questions and Answers Western Governors University.
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WGU D270 Business Davis FinalExam Multiple Questions and Answers
Western Governors University.
1) The recent global economic crisis has led to which of the following?
A) governments seeking to impose more constraints on capitalism
B) governments seeking to eliminate constraints on capitalism
C) governments seeking to increase the interdependence of developing
economies
D) governments seeking to eliminate the interdependence of developing
economies
Verified Answer -A) governments seeking to impose more constraints on
capitalism
2) Which of the following is most likely a true statement about the global
economy since the 1980s?
A) Socialist governments are intervening more in global exchanges.
B) Wealthy countries are exercising total control over emerging markets.
C) Developing countries are losing growing shares of their foreign-
exchange reserves.
D) Emerging economies are adopting the principles and practices of free
markets.
Verified Answer -D) Emerging economies are adopting the principles
and practices of free markets.
,3) Kyle, an international manager for Apex Industries, has been given the
task of analyzing the economies of three different emerging countries for
the firm's potential expansion. Which of the following questions is
LEAST relevant to Kyle's assignment?
A) How much freedom will Apex have to run its foreign operations?
B) What are the current economic policies related to development?
C) What is the likelihood that Apex can fill manufacturing positions with
locals?
D) What factors in the country drive or hinder economic change?
Verified Answer -C) What is the likelihood that Apex can fill
manufacturing positions with locals?
4) Managers at Morrison Manufacturing are considering expanding the
firm's production overseas and want to ensure that the firm is located in a
country with a high degree of economic freedom. Presently, which of the
following locations would most likely offer Morrison the highest
economic freedom?
A) Mexico
B) Hong Kong
C) Venezuela
D) North Korea
Verified Answer -B) Hong Kong
5) Since the late 1980s, the growing emergence of freer markets has been
powered by the realization that ________.
,A) economic growth is directly related to economic freedom
B) economic growth has a limited effect on the standard of living
C) adoption of free market principles contributes to social injustices
D) centrally planned economies are best designed to deliver progress
Verified Answer -A) economic growth is directly related to economic
freedom
6) The Economic Freedom Index indicates that economic freedom is
positively correlated with all of the following EXCEPT ________.
A) life expectancy
B) literacy
C) environmental sustainability
D) diversity
Verified Answer -D) diversity
7) The recent global credit crisis has interrupted the trend of national
economies ________.
A) rapidly adopting the command market model
B) steadily adopting the free market model
C) moving from the mixed to the command model
D) turning away from the mixed model
Verified Answer -B) steadily adopting the free market model
8) History suggests that if the economic crisis worsens, we are likely to
see more people question the ________.
, A) fall of communism
B) legitimacy of capitalism
C) practicality of mixed market economies
D) correlation between economic freedom and prosperity
Verified Answer -B) legitimacy of capitalism
9) According to research, which of the following countries is the strongest
supporter of free markets?
A) China
B) India
C) France
D) Ukraine
Verified Answer -A) China
10) Which of the following is NOT a characteristic of capitalism?
A) private ownership of assets
B) right to profit from individual effort
C) state control of factors of production
D) private control of investment
Verified Answer -C) state control of factors of production
11) Communism primarily relies on a system of ________.
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