D270 Final Davis questions with CORRECT ANSWERS
2024/2025 updated
Economic freedom leads to - CORRECT ANSWER Higher standard of living
Why study the economic environment? - CORRECT ANSWER Economic systems
shape a market
Better investment choices
Operating decisions
Policy decisions
Better returns / less risk
Developed Economies - CORRECT ANSWER Efficient capital movement
Stable institutions
Infrastructure
International trade and investments
Technology
Higher economic freedom
Higher political freedom
Rule of law
Developing Economies - CORRECT ANSWER Uneven
Corruption
Lower incomes
Resistance to foreign ownership
Lower literacy levels, poverty
Lower economic freedom
Lower political freedom
Rule of man
Emerging Economies - CORRECT ANSWER Accelerating growth
Modernizing
Market liberalization
Exports
FDI
Middle class, expanding consumption
Pro business
Higher economic freedom
Higher/unchanged political freedom
Moving towards rule of law
Lower cost resources
Productive labor
, D270 Final Davis questions with CORRECT ANSWERS
2024/2025 updated
G20 Countries - CORRECT ANSWER Premier international forum for global
economic cooperation
86% of world economy
78% of global trade
66% of world's population
More than half of world's poor
Some emerging countries
Commonalities of Big Emerging Markets (BEMs) - CORRECT ANSWER Territory
Population
Natural Resources, Increased consumption
Liberalization - FDI
Infrastructure needs
Aspirations of technological leadership
Political influence
Emerging Economies at a glance - CORRECT ANSWER Almost 6 billion people
Account for 50% of global GDP
Account for 50% of global exports
Contributed to huge reduction in global poverty
Contributed 80% of global growth since 2008 financial crisis (helping save jobs in
advanced countries)
China is now 1st or 2nd largest trading partner for 78 countries
Big challenges for IB - CORRECT ANSWER Communication, power generating,
transportation infrastructure
Distribution channels
Financial markets
Volatility
Problems finding/working with suitable business partners
Gov't involvement & control
Corruption
Economic Freedom - CORRECT ANSWER The degree of economic freedom an
individual has to use his or her initiative, effort, competencies to pursue their
ambitions
Absolute right of property ownership
Fully realized freedoms of movement for labor capital and goods
Economic Freedom in Business - CORRECT ANSWER Liberty managers have to
decide endless aspects of everyday business operations WITHOUT gov't coercion
2024/2025 updated
Economic freedom leads to - CORRECT ANSWER Higher standard of living
Why study the economic environment? - CORRECT ANSWER Economic systems
shape a market
Better investment choices
Operating decisions
Policy decisions
Better returns / less risk
Developed Economies - CORRECT ANSWER Efficient capital movement
Stable institutions
Infrastructure
International trade and investments
Technology
Higher economic freedom
Higher political freedom
Rule of law
Developing Economies - CORRECT ANSWER Uneven
Corruption
Lower incomes
Resistance to foreign ownership
Lower literacy levels, poverty
Lower economic freedom
Lower political freedom
Rule of man
Emerging Economies - CORRECT ANSWER Accelerating growth
Modernizing
Market liberalization
Exports
FDI
Middle class, expanding consumption
Pro business
Higher economic freedom
Higher/unchanged political freedom
Moving towards rule of law
Lower cost resources
Productive labor
, D270 Final Davis questions with CORRECT ANSWERS
2024/2025 updated
G20 Countries - CORRECT ANSWER Premier international forum for global
economic cooperation
86% of world economy
78% of global trade
66% of world's population
More than half of world's poor
Some emerging countries
Commonalities of Big Emerging Markets (BEMs) - CORRECT ANSWER Territory
Population
Natural Resources, Increased consumption
Liberalization - FDI
Infrastructure needs
Aspirations of technological leadership
Political influence
Emerging Economies at a glance - CORRECT ANSWER Almost 6 billion people
Account for 50% of global GDP
Account for 50% of global exports
Contributed to huge reduction in global poverty
Contributed 80% of global growth since 2008 financial crisis (helping save jobs in
advanced countries)
China is now 1st or 2nd largest trading partner for 78 countries
Big challenges for IB - CORRECT ANSWER Communication, power generating,
transportation infrastructure
Distribution channels
Financial markets
Volatility
Problems finding/working with suitable business partners
Gov't involvement & control
Corruption
Economic Freedom - CORRECT ANSWER The degree of economic freedom an
individual has to use his or her initiative, effort, competencies to pursue their
ambitions
Absolute right of property ownership
Fully realized freedoms of movement for labor capital and goods
Economic Freedom in Business - CORRECT ANSWER Liberty managers have to
decide endless aspects of everyday business operations WITHOUT gov't coercion
