WGU D270 FINAL TEST 2026 QUESTIONS
WITH CORRECT ANSWERS GRADED A+
◍ Dumping.
Answer: selling products in a foreign country at lower prices than those
charged in the producing country
◍ Global Competitiveness Index (GCI).
Answer: Measures national competitiveness —defined as the set of
institutions, policies and factors that determine the level of productivity.
◍ Non-Tariff barriers reasons.
Answer: -essentiality-not-for-profit services -standards-immigration
◍ Who wins by protectionism?.
Answer: - Import competing industries- Government- Domestic producers-
Special interest groups
◍ Economic Characteristics of Emerging Economies.
Answer: I. accelerating growthII. increasing FDIIIII. increasing importsIV.
increasing exportsVI. expanding consumptionVIII. growing middle class
◍ essential industry argument.
Answer: Keep control over industries important for safety or survival
◍ Economic Freedom.
Answer: The freedom to work, produce, consume, save, and invest in the
way that one prefers. (empowering ordinary people with more opportunities
and more choices)
◍ Industrialization Emphasizes.
Answer: either products to sell domestically or products to export
◍ Maintaining Essential Industries tools.
, Answer: FDI regulations, regulatory standards, subsidies, export bans
◍ Internal Code of Conduct.
Answer: set of rules and guidelines created by a company that explains how
employees are expected to behave at work.
◍ Embargo.
Answer: a specific type of quota that prohibits all trade
◍ Fighting unemployment problems.
Answer: Affects another country's exports and, thus, their employment
situation
◍ mixed economy.
Answer: Combines elements of market and command economies; it balances
public and private ownership of factors of production. -anchored by
socialism
◍ The Paradox.
Answer: Even though economic freedom helps countries grow, most
countries don’t fully use it. In 1989, only 38 out of 178 countries were
considered “free” or “mostly free” because governments often limit freedom
to control the economy, protect political power, or address inequality.
◍ Gross national income (GNI).
Answer: The total value of all goods and services produced by the domestic
country plus the income it gets from other countries, minus the income it
sends to other countries.-provides the broadest measure of economic
performance- 4 principal components (personal consumption, business
investments, government spending, and next exports of goods and services)
◍ Infant Industry Argument.
Answer: A government should protect a new industry from foreign
competition by giving it a large share of the domestic market until it can
compete on its own
◍ Foreign Exchange Control.
WITH CORRECT ANSWERS GRADED A+
◍ Dumping.
Answer: selling products in a foreign country at lower prices than those
charged in the producing country
◍ Global Competitiveness Index (GCI).
Answer: Measures national competitiveness —defined as the set of
institutions, policies and factors that determine the level of productivity.
◍ Non-Tariff barriers reasons.
Answer: -essentiality-not-for-profit services -standards-immigration
◍ Who wins by protectionism?.
Answer: - Import competing industries- Government- Domestic producers-
Special interest groups
◍ Economic Characteristics of Emerging Economies.
Answer: I. accelerating growthII. increasing FDIIIII. increasing importsIV.
increasing exportsVI. expanding consumptionVIII. growing middle class
◍ essential industry argument.
Answer: Keep control over industries important for safety or survival
◍ Economic Freedom.
Answer: The freedom to work, produce, consume, save, and invest in the
way that one prefers. (empowering ordinary people with more opportunities
and more choices)
◍ Industrialization Emphasizes.
Answer: either products to sell domestically or products to export
◍ Maintaining Essential Industries tools.
, Answer: FDI regulations, regulatory standards, subsidies, export bans
◍ Internal Code of Conduct.
Answer: set of rules and guidelines created by a company that explains how
employees are expected to behave at work.
◍ Embargo.
Answer: a specific type of quota that prohibits all trade
◍ Fighting unemployment problems.
Answer: Affects another country's exports and, thus, their employment
situation
◍ mixed economy.
Answer: Combines elements of market and command economies; it balances
public and private ownership of factors of production. -anchored by
socialism
◍ The Paradox.
Answer: Even though economic freedom helps countries grow, most
countries don’t fully use it. In 1989, only 38 out of 178 countries were
considered “free” or “mostly free” because governments often limit freedom
to control the economy, protect political power, or address inequality.
◍ Gross national income (GNI).
Answer: The total value of all goods and services produced by the domestic
country plus the income it gets from other countries, minus the income it
sends to other countries.-provides the broadest measure of economic
performance- 4 principal components (personal consumption, business
investments, government spending, and next exports of goods and services)
◍ Infant Industry Argument.
Answer: A government should protect a new industry from foreign
competition by giving it a large share of the domestic market until it can
compete on its own
◍ Foreign Exchange Control.
