IT 304 FINAL QUESTIONS & VERIFIED ANSWERS
In which of the following economic systems, private ownership is possible: - Answers -
Capitalism
Vladimir Lenin referred to... as "the commanding heights of the Economy". - Answers -
Heavy Industry
"The system of production, distribution and consumption of wealth" is the definition of: -
Answers - Economy
Adam Smith referred to "Economic Nationalism" as: - Answers - Mercantile System
Which of the following cannot be categorized as an NGO: - Answers - World Trade
Organization
What can be categorized as the greatest economic force in modern economic history -
Answers - Shift to industrial production
Which of the following is not a characteristic of Capitalism? - Answers - Undefined
private property rights
In the context of our lecture, what does NRI stand for? - Answers - Network Readiness
Index
The meeting that led to the creation of IMF and World Bank was held at: - Answers -
Bretton Woods
What is the main purpose of a corporation? - Answers - Generate revenue for its
shareholders.
According to Ricardo Hausmann what is the crucial ingredient for implementing a
technology: - Answers - Know how
Which of the following cannot be categorized as a general-purpose technology ? -
Answers - Aviation Technology
According to Eric Weinstein how does software/technology threaten human labor ? -
Answers - By threatening to obviate all repetitive behaviors
According to Ricardo Hausmann, how does knowledge and experience effect output
products ? - Answers - It leads to more diverse and complex products
In which of the following economic systems, private ownership is possible: - Answers -
Capitalism
Vladimir Lenin referred to... as "the commanding heights of the Economy". - Answers -
Heavy Industry
"The system of production, distribution and consumption of wealth" is the definition of: -
Answers - Economy
Adam Smith referred to "Economic Nationalism" as: - Answers - Mercantile System
Which of the following cannot be categorized as an NGO: - Answers - World Trade
Organization
What can be categorized as the greatest economic force in modern economic history -
Answers - Shift to industrial production
Which of the following is not a characteristic of Capitalism? - Answers - Undefined
private property rights
In the context of our lecture, what does NRI stand for? - Answers - Network Readiness
Index
The meeting that led to the creation of IMF and World Bank was held at: - Answers -
Bretton Woods
What is the main purpose of a corporation? - Answers - Generate revenue for its
shareholders.
According to Ricardo Hausmann what is the crucial ingredient for implementing a
technology: - Answers - Know how
Which of the following cannot be categorized as a general-purpose technology ? -
Answers - Aviation Technology
According to Eric Weinstein how does software/technology threaten human labor ? -
Answers - By threatening to obviate all repetitive behaviors
According to Ricardo Hausmann, how does knowledge and experience effect output
products ? - Answers - It leads to more diverse and complex products
