CBA 300 CH 3 Exam with Questions and Answers
United Nations has developed the Human Development Index (HDI) to measure the
a) relative access to education of males and females.
b) total income in different nations.
c) quality of human life in different nations.
d) level of politic...
CBA 300 CH 3 Exam with Questions and
Answers
United Nations has developed the Human Development Index (HDI) to measure the
a) relative access to education of males and females.
b) total income in different nations.
c) quality of human life in different nations.
d) level of political and economic freedom available to citizens. ANSWER c) quality of
human life in different nations.
Innovation and entrepreneurial activity help increase economic activity by
a) providing more authority to government officials.
b) creating new products and markets.
c) eliminating state-run enterprises.
d) strengthening business infrastructure. ANSWER b) creating new products and markets.
Which of the following is true about planned economies?
, a) In a planned economy, the state owns all means of production.
b) In a planned economy, entrepreneurs have economic incentives that encourage innovation.
c) In a planned economy, market regulations reduce the risk of economic stagnation.
d) In a planned economy, individuals benefit more from innovations than the state does.
ANSWER a) In a planned economy, the state owns all means of production.
Many of the national markets of Eastern Europe, Latin America, Africa, and Asia may still be
underdeveloped, but they are potentially enormous. Which of the following is a risk to
businesses moving into these regions?
a) Businesses in emerging markets are frequently taken over by the states.
b) These regions are likely to have consistent domestic economic growth and not be open to
foreign investment.
c) It is likely that communist dictatorships will return to these regions.
d) There is no guarantee that democracy will thrive in many of the world's newer democratic
states. ANSWER d) There is no guarantee that democracy will thrive in many of the world's
newer democratic states.
Which of the following is a reason for the spread of democracy?
a) Totalitarian regimes failing to deliver economic progress to the vast bulk of their
populations
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