D270 Final Davis Questions Verified And Correct Answers || 100% Pass

D270 Final Davis Questions Verified And Correct Answers || 100% Pass D270 Final - Davis a highly efficient and clean market may not _____ be the most attractive for expansion necessarily a large market may not always be highly _____ for expansion attractive developing country has fragile institutions, heavy indebtedness. inconsistent regulation, and civil instability base of the pyramid spotlights the poorest two-thirds of the economic human pyramid, a group of more than four billion people who earn a few dollars per day emerging economies economies experiencing rapid growth , expanding industrialization, and improving standard of living economic freedom is the "absolute right of property ownership, fully realized freedoms of movement for labor, capital, and goods, and an absolute absence of coercion or constraint of economic liberty beyond the extent necessary for citizens to protect and maintain liberty itself" economic freedom index estimates economic freedom in 180 countries worldwide property rights ability of individuals to accumulate, use, trade, and sell private property, protected and safeguarded by clear, specific, and explicit laws that are fully and fairly enforced by that state government integrity degree that corruption introduces insecurity and uncertainty into economic relationships judicial effectiveness A fair and independent court system fiscal health tax burden imposed by government on its citizens government spending The burden imposed on the economic system by the monies spent by government agents in acquiring goods, providing services, and transferring income payments to its citizens. tax burden a measurement of taxes paid as a proportion of income labor freedom aspects of the legal and policy framework that regulates the country's labor market business freedom the ability to start, operate, and close a business that represents the overall burden of regulation as well as the efficiency of government in the regulatory process monetary freedom stable prices without government price controls trade freedom the absence of tariff and non-tariff barriers that affect imports and exports of goods and services investment freedom ability of individuals and firms to move resources, without restriction, into and out of activities both internally and across the country's borders financial freedom the flexibility you have knowing there is money available when you want it state capitalism an economic system whereby the state decides how, when, and where assets will be valued and resources allocated economic system the method used by a society to produce and distribute goods and services command economy an economy in which production, investment, prices, and incomes are determined centrally by a government. mixed economy an economic system combining private and public enterprise. market economy an economy that allocates resources through the decentralized decisions of many firms and households as they interact in markets for goods and services capitalism an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. laissez-faire a policy or attitude of letting things take their own course, without interfering. socialism a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. gross national income The value of the output of goods and services produced in a country in a year, including money that leaves and enters the country gross domestic product the total value of goods produced and services provided in a country during one year.