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Bus 200 Final Review Multiple Choice Questions And Correct Answers

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BUS 200 FINAL REVIEW MULTIPLE CHOICE QUESTIONS AND CORRECT ANSWERS

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What are at least three ways that FDI contributes to technology transfer? Who are the
winners and losers in FDI inflows and outflows? In your opinion, is this a legitimate
strategy for emerging economies to help themselves get ahead in technology?
Include an example.


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Three ways FDI contributes to technology transfer is through observing,
imitating, and applying the technology. Winners in FDI inflow: country that
the money is going into because it expands markets and experiences
economic growth. It is a good way because it can help the developing
country close the technological gap. Countries can also work to become
sustainable with the new technology




Which of the following is likely to occur when an extreme populist party wins
elections and takes control of the government in a. democratic political system?


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, The democratic constitutional processes will come under strain from the
executive.




The dramatic rise in internet use is due to which of the following


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Growth of mobile broadband




A populist ideology is likely to focus on all but which one of the following?


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democratic freedoms




The Argentina financial crisis was caused mainly by which of the following?


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Too much accumulated sovereign debt




What is the significance of the 'crime of aggression' in the jurisdiction of the
International Criminal Court?


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, It should deter states' leaders from launching invasions other countries.




What was the importance of the 'Citizens United' Supreme Court judgment in the US?


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To allow individuals and companies to give unlimited donations to political
causes




When did the gold standard prevail in the international finance?


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the 1870s to 1914




The social market model of national economy prioritizes which one of the following?


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societal goals




Compare and contrast the liberal market economy with the social market economy.
Identify a country with a social market economy, and another country with a liberal
market economy. Which system do you think is better and why?


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, A liberal market (free market) economy is a capitalist economic system in
which supply and demand, as well as prices, are determined by free
markets. This economy is individualist, has democratic values, and there is
minimal government intervention. An example of this can be seen in the US,
because it uses the free market model, with limited government welfare
roles. On the other hand, a social market economy is a capitalist market
economy with a strong social justice dimension, including substantial
welfare state provisions. This economy's market is tempered by social
values, also has democratic values, and the government plays a role by
promoting justice. An example of this can be seen in France, Germany, and
Scandinavian countries, as they have an emphasis on social protection and
the strong role of the state. I believe a social market is better, as it places a
higher importance on the wellbeing of its citizens and social economies
generally have lower levels of inequality than liberal market models.




What impact does high inequality have on economic growth?


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It adversely affects the sustainability of growth.




The theory of comparative advantage stresses which of the following?


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Countries should specialize in industries in which they hold the greatest
advantage in comparison with other countries.




Palm oil production has a poor record in sustainability for which of the following
reasons?

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