AGB 302 final || A+ Verified Answers.
Interdependent political, economic, and legal systems of a country make up its: correct
answers political economy.
Modern socialism has been popularized largely through the work of ________. correct
answers Karl Marx
1) In several Western democracies, the poor performance of state-owned enterprises, because
of protection from competition and guaranteed government financial support, led to
________. correct answers privatization
1) The tenet of ________ is that the welfare of society is best served by letting people pursue
their own economic self-interest. correct answers ) individualism
In a pure market economy correct answers production is determined by the interaction of
supply and demand
1) In a ________ economy, certain sectors of the economy are left to private ownership and
free market mechanisms while other sectors have significant state ownership and government
planning. correct answers mixed
Which of the following statements about the legal systems of countries is true? correct
answers They can affect the attractiveness of a country as an investment site or market
1) Under the ________, cases are judged with reference to three characteristics: tradition,
precedent, and custom. correct answers ) common law system
1) Which of the following areas of international trade is regulated by the Foreign Corrupt
Practices Act? correct answers Preventing bribery and unethical acts in the conduct of
international business.
1) Design and names by which merchants or manufacturers designate and differentiate their
products are known as ________. correct answers ) trademarks
1) One of the reasons for the spread of democracy is the emergence of ________ who have
pushed for democratic reforms. correct answers A) increasingly prosperous middle and
working classes
1) Anecdotal comparisons suggest that the assertion that nations that invest more in
________ will have higher growth rates is true. correct answers B) education
1) Several of the fastest-growing Asian economies adopted more ________ governments
during the past three decades, including South Korea and Taiwan. correct answers D)
democratic
1) Which of the following helps in adjusting GNI such that it accounts for the differences in
the cost of living? correct answers A) Purchasing power parity (PPP) adjustment
, 1) Which of the following is a measure that is developed by the United Nations to measure
the quality of life in different nations? correct answers Human Development Index
1) ________, a Nobel Prize-winning economist, has argued that development is not just an
economic process, but it is a political one as well. correct answers Amartya Sen
A market economy encourages innovation because correct answers economic freedom leads
to greater incentives for innovation
1) The state can expropriate the profits from innovation through legal means, such as
________. correct answers excessive taxation
1) A free market economy in which property rights are protected leads to subsequent
economic growth, which often leads to the establishment of: correct answers a democratic
regime.
1) Which of the following is a step in the shift toward a market-based economic system?
correct answers Creation of a legal system to safeguard property rights
1) A Japanese executive's ritual of presenting a business card to a foreign business executive
is an example of . correct answers folkways
1) Which of the following statements about values and norms of a culture is true? correct
answers A) The values and norms of a society influence social structure.
1) Which of the following is a consequence of the emphasis on individual performance in
many Western societies? correct answers A) High degree of managerial mobility
1) Which of the following is a closed system of stratification in which social position is
determined by the family into which a person is born, and change in that position is usually
not possible during an individual's lifetime? correct answers Caste system
1) Which of the following statements is true about a class system? correct answers A) Social
mobility within a class system varies from society to society.
1) Ethical systems are: correct answers A) a set of moral principles, or values, that are used to
guide and shape behavior.
1) Which of the following sociologists made a connection between Protestant ethics and "the
spirit of capitalism"? correct answers ) Max Weber
1) According to Islam, those who hold property are regarded as . correct answers trustees
1) There are three values central to the Confucian system of ethics that have very important
economic implications. Which of the following is one of these? correct answers rule based
law
1) For international businesses, the connection between culture and competitive advantage is
important because: correct answers A) a strong connection is likely to produce the most
viable competitors.
Interdependent political, economic, and legal systems of a country make up its: correct
answers political economy.
Modern socialism has been popularized largely through the work of ________. correct
answers Karl Marx
1) In several Western democracies, the poor performance of state-owned enterprises, because
of protection from competition and guaranteed government financial support, led to
________. correct answers privatization
1) The tenet of ________ is that the welfare of society is best served by letting people pursue
their own economic self-interest. correct answers ) individualism
In a pure market economy correct answers production is determined by the interaction of
supply and demand
1) In a ________ economy, certain sectors of the economy are left to private ownership and
free market mechanisms while other sectors have significant state ownership and government
planning. correct answers mixed
Which of the following statements about the legal systems of countries is true? correct
answers They can affect the attractiveness of a country as an investment site or market
1) Under the ________, cases are judged with reference to three characteristics: tradition,
precedent, and custom. correct answers ) common law system
1) Which of the following areas of international trade is regulated by the Foreign Corrupt
Practices Act? correct answers Preventing bribery and unethical acts in the conduct of
international business.
1) Design and names by which merchants or manufacturers designate and differentiate their
products are known as ________. correct answers ) trademarks
1) One of the reasons for the spread of democracy is the emergence of ________ who have
pushed for democratic reforms. correct answers A) increasingly prosperous middle and
working classes
1) Anecdotal comparisons suggest that the assertion that nations that invest more in
________ will have higher growth rates is true. correct answers B) education
1) Several of the fastest-growing Asian economies adopted more ________ governments
during the past three decades, including South Korea and Taiwan. correct answers D)
democratic
1) Which of the following helps in adjusting GNI such that it accounts for the differences in
the cost of living? correct answers A) Purchasing power parity (PPP) adjustment
, 1) Which of the following is a measure that is developed by the United Nations to measure
the quality of life in different nations? correct answers Human Development Index
1) ________, a Nobel Prize-winning economist, has argued that development is not just an
economic process, but it is a political one as well. correct answers Amartya Sen
A market economy encourages innovation because correct answers economic freedom leads
to greater incentives for innovation
1) The state can expropriate the profits from innovation through legal means, such as
________. correct answers excessive taxation
1) A free market economy in which property rights are protected leads to subsequent
economic growth, which often leads to the establishment of: correct answers a democratic
regime.
1) Which of the following is a step in the shift toward a market-based economic system?
correct answers Creation of a legal system to safeguard property rights
1) A Japanese executive's ritual of presenting a business card to a foreign business executive
is an example of . correct answers folkways
1) Which of the following statements about values and norms of a culture is true? correct
answers A) The values and norms of a society influence social structure.
1) Which of the following is a consequence of the emphasis on individual performance in
many Western societies? correct answers A) High degree of managerial mobility
1) Which of the following is a closed system of stratification in which social position is
determined by the family into which a person is born, and change in that position is usually
not possible during an individual's lifetime? correct answers Caste system
1) Which of the following statements is true about a class system? correct answers A) Social
mobility within a class system varies from society to society.
1) Ethical systems are: correct answers A) a set of moral principles, or values, that are used to
guide and shape behavior.
1) Which of the following sociologists made a connection between Protestant ethics and "the
spirit of capitalism"? correct answers ) Max Weber
1) According to Islam, those who hold property are regarded as . correct answers trustees
1) There are three values central to the Confucian system of ethics that have very important
economic implications. Which of the following is one of these? correct answers rule based
law
1) For international businesses, the connection between culture and competitive advantage is
important because: correct answers A) a strong connection is likely to produce the most
viable competitors.
