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HRM522 Week 11 Final Exam Part 2

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• Question 1 2 out of 2 points Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector? Selected Answer: Correct Answer: • Question 2 John Maynard Keynes John Maynard Keynes 2 out of 2 points The formed in 1995 and administers its own trade agreements, facilitates future trade negotiations, settles trade disputes, and monitors the trade policies of member nations. Selected Answer: Correct Answer: • Question 3 World Trade Organization World Trade Organization 2 out of 2 points When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called Selected Answer: Correct Answer: • Question 4 cultural relativism. cultural relativism. 2 out of 2 points assume(s) that a the market, through its own inherent mechanisms, will keep commerce in equilibrium. Selected Answer: Laissez-faire economics Correct Answer: • Question 5 Laissez-faire economics 2 out of 2 points occurs when the middle class shrinks, resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources. Selected Answer: Correct Answer: • Question 6 Bimodal wealth distribution Bimodal wealth distribution

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