AGB 302 Exam Questions with 100% Correct Answers (A+ Paper)

Free trade Correct Answer a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country Comparative advantage Correct Answer the intellectual basis of modern argument for...

Which 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 trade...

A Japanese executive's ritual of presenting a business card to a foreign business executive is an example of _____________ Correct Answer folkways The values and norms of a society influence ________ Correct Answer social structure ______________ is a consequence of the emphasis on individual...

According to the Friedman Doctrine: Correct Answer businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business. Which of the following sociologists made a connection between Protestant ethics and the spirit of capitalis...

United Nations Convention on Contracts for the Inter-national Sale of Goods (CISG). Correct Answer When contract disputes arise in international trade, there is always the question of which country's laws to apply. Property rights Correct Answer refer to the legal rights over the use to which a...

Acquisition Correct Answer Japanese car manufacturer acquires Italian producer of car tires AD VALOREM TARIFFS Correct Answer Levied as a proportion of the value of the imported good ADAM SMITH Correct Answer was the author of The Wealth of Nations in which it is stated that an individual who ...