Exam (elaborations)
AGB 302 Final questions n correct answers
- Course
- Institution
AGB 302 Final questions n correct answers
[Show more]
Content preview
AGB 302 Finalwhich of the following is a step in the shift towards a market based economic system? - correct answer
✔✔creation of a legal system to safeguard property rights
design and names by which merchants or manufacturers designate and differentiate their products are
known as __________ - correct answer ✔✔trademarks
________, a nobel prize-winning economist, has argued that development is not just an economic
process, but it is a political one as well. - correct answer ✔✔amartya sen
in several western democracies, the poor performance of state-owned enterprises, because of
protection from competition and guaranteed government financial support, led to ________. - correct
answer ✔✔privatization
one of the reasons for the spread of democracy is the emergence of _____________ who have pushed
for democratic reforms. - correct answer ✔✔increasingly prosperous middle and working classes
which of the following areas of international trade is regulated by the Foreign Corrupt Practice Act? -
correct answer ✔✔preventing bribery and unethical acts in the conduct of international business
the tenet of ___________ is that the welfare of society is best served by letting people pursue their own
economic self-interest. - correct answer ✔✔individualism
the state can expropriate the profits from innovation through legal means, such as ____________. -
correct answer ✔✔excessive taxation
a free market economy in which property rights are protected leads to subsequent economic growth,
which often leads to the establishment of: - correct answer ✔✔a democratic regime
, under the ___________, cases are judged with reference to three characteristics: tradition, precedent,
and custom. - correct answer ✔✔common law system
anecdotal comparisons suggest that the assertion that nations that invest more in _________ will have
higher growth rates is true. - correct answer ✔✔education
which of the following helps in adjusting GNI such that it accounts for the differences in the cost of
living? - correct answer ✔✔purchasing power party (PPP) adjustment
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
answer ✔✔mixed
a market economy encourages innovation because: - correct answer ✔✔economic freedom leads to
greater incentives for innovation
several of the fastest-growing asian economies adopted more ___________ governments during the
past three decades, including South Korea and Taiwan. - correct answer ✔✔democratic
which of the following statements about the legal systems of countries is true? - correct answer ✔✔they
can affect the attractiveness of a country as an investment site or market.
modern socialism has been popularized largely through the work of ____________. - correct answer
✔✔karl marx
which of the following is a measure that is developed by the United Nations to measure the quality of
life in different nations? - correct answer ✔✔human development index
in a pure market economy: - correct answer ✔✔production is determined by the interaction of supply
and demand.
interdependent political, economic, and legal systems of a country make up its: - correct answer
✔✔political economy
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83750 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now