2025 AGB 302 FINAL EXAM QUESTIONS
WITH CORRECT ANSWERS
which of the following isEa step in the shift towards a market based economic system? -
CORRECT ANSWER -creation of a legal system to safeguard property rights
design and namesEby which merchants or manufacturers designate and differentiate their products are k
nown as - CORRECT ANSWER -trademarks
, a nobel prize-
winningEeconomist, 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 suppo
rt, led to . - CORRECT ANSWER -privatization
one of the reasons for the spread of democracy is the emergence of who have pushed fo
r democratic reforms. - CORRECT ANSWER -increasingly prosperous middle and workingEclasses
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 lettingEpeople pursue their own
economic self-interest. -ECORRECT ANSWER -individualism
the state can expropriateEthe 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, wh
ich often leads to the establishment of: - CORRECT ANSWER -a democratic regime
under the , cases are judged with reference to three characteristics: tradition, precedent, a
, nd custom. -ECORRECT ANSWER -common law system
WITH CORRECT ANSWERS
which of the following isEa step in the shift towards a market based economic system? -
CORRECT ANSWER -creation of a legal system to safeguard property rights
design and namesEby which merchants or manufacturers designate and differentiate their products are k
nown as - CORRECT ANSWER -trademarks
, a nobel prize-
winningEeconomist, 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 suppo
rt, led to . - CORRECT ANSWER -privatization
one of the reasons for the spread of democracy is the emergence of who have pushed fo
r democratic reforms. - CORRECT ANSWER -increasingly prosperous middle and workingEclasses
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 lettingEpeople pursue their own
economic self-interest. -ECORRECT ANSWER -individualism
the state can expropriateEthe 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, wh
ich often leads to the establishment of: - CORRECT ANSWER -a democratic regime
under the , cases are judged with reference to three characteristics: tradition, precedent, a
, nd custom. -ECORRECT ANSWER -common law system
