DAVIS D270 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
(PASSED)
1) The recent global economic crisis has led to which of the following?
A) governments seeking to impose more constraints on capitalism
Page 1 of 86
,DAVIS D270 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
(PASSED)
B) governments seeking to eliminate constraints on capitalism
C) governments seeking to increase the interdependence of developing
economies
D) governments seeking to eliminate the interdependence of developing
economies
Correct Answer: A) governments seeking to impose more constraints on
capitalism
2) Which of the following is most likely a true statement about the global
economy since the 1980s?
A) Socialist governments are intervening more in global exchanges.
B) Wealthy countries are exercising total control over emerging markets.
C) Developing countries are losing growing shares of their foreign-exchange
reserves.
D) Emerging economies are adopting the principles and practices of free
markets. Correct Answer: D) Emerging economies are adopting the
principles and practices of free markets.
3) Kyle, an international manager for Apex Industries, has been given the task of
analyzing the economies of three different emerging countries for the firm's
Page 2 of 86
,DAVIS D270 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
(PASSED)
potential expansion. Which of the following questions is LEAST relevant to Kyle's
assignment?
A) How much freedom will Apex have to run its foreign operations?
B) What are the current economic policies related to development?
C) What is the likelihood that Apex can fill manufacturing positions with locals?
D) What factors in the country drive or hinder economic change?
Correct Answer: C) What is the likelihood that Apex can fill manufacturing
positions with locals?
4) Managers at Morrison Manufacturing are considering expanding the firm's
production overseas and want to ensure that the firm is located in a country
with a high degree of economic freedom. Presently, which of the following
locations would most likely offer
Morrison the highest economic freedom?
A) Mexico
B) Hong Kong
C) Venezuela
D) North Korea
Page 3 of 86
, DAVIS D270 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
(PASSED)
Correct Answer: B) Hong Kong
5) Since the late 1980s, the growing emergence of freer markets has been
powered by the realization that ____ _.
A) economic growth is directly related to economic freedom
B) economic growth has a limited effect on the standard of living
C) adoption of free market principles contributes to social injustices
D) centrally planned economies are best designed to deliver progress
Correct Answer: A) economic growth is directly related to economic freedom
6) The Economic Freedom Index indicates that economic freedom is positively
correlated with all of the following EXCEPT __ _.
A) life expectancy
B) literacy
C) environmental sustainability
D) diversity
Correct Answer: D) diversity
Page 4 of 86
(PASSED)
1) The recent global economic crisis has led to which of the following?
A) governments seeking to impose more constraints on capitalism
Page 1 of 86
,DAVIS D270 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
(PASSED)
B) governments seeking to eliminate constraints on capitalism
C) governments seeking to increase the interdependence of developing
economies
D) governments seeking to eliminate the interdependence of developing
economies
Correct Answer: A) governments seeking to impose more constraints on
capitalism
2) Which of the following is most likely a true statement about the global
economy since the 1980s?
A) Socialist governments are intervening more in global exchanges.
B) Wealthy countries are exercising total control over emerging markets.
C) Developing countries are losing growing shares of their foreign-exchange
reserves.
D) Emerging economies are adopting the principles and practices of free
markets. Correct Answer: D) Emerging economies are adopting the
principles and practices of free markets.
3) Kyle, an international manager for Apex Industries, has been given the task of
analyzing the economies of three different emerging countries for the firm's
Page 2 of 86
,DAVIS D270 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
(PASSED)
potential expansion. Which of the following questions is LEAST relevant to Kyle's
assignment?
A) How much freedom will Apex have to run its foreign operations?
B) What are the current economic policies related to development?
C) What is the likelihood that Apex can fill manufacturing positions with locals?
D) What factors in the country drive or hinder economic change?
Correct Answer: C) What is the likelihood that Apex can fill manufacturing
positions with locals?
4) Managers at Morrison Manufacturing are considering expanding the firm's
production overseas and want to ensure that the firm is located in a country
with a high degree of economic freedom. Presently, which of the following
locations would most likely offer
Morrison the highest economic freedom?
A) Mexico
B) Hong Kong
C) Venezuela
D) North Korea
Page 3 of 86
, DAVIS D270 FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
(PASSED)
Correct Answer: B) Hong Kong
5) Since the late 1980s, the growing emergence of freer markets has been
powered by the realization that ____ _.
A) economic growth is directly related to economic freedom
B) economic growth has a limited effect on the standard of living
C) adoption of free market principles contributes to social injustices
D) centrally planned economies are best designed to deliver progress
Correct Answer: A) economic growth is directly related to economic freedom
6) The Economic Freedom Index indicates that economic freedom is positively
correlated with all of the following EXCEPT __ _.
A) life expectancy
B) literacy
C) environmental sustainability
D) diversity
Correct Answer: D) diversity
Page 4 of 86
