BUSI 3250 AUBURN LATEST ASSESSMENT
SCRIPT QUESTIONS WITH COMPLETE
SOLUTIONS GRADED A+
●● the taking of private property by a government to make it public
Answer: Nationalization
●● US Government took over ownership of what company during crisis
of 2008-2009?
Answer: GM
●● the selling of government owned property to the private sector to
gain more efficiency in business operations, to raise money or to change
in political climate/philosophy
Answer: Privatization (why governments sell businesses)
●● Protect the economic activities of citizens. Unfair competition is
minimized through
Answer: national laws, negotiations between governments, efforts of
institutions like World Bank
●● unlawful acts of violence committed for a wide variety of reasons
Answer: terrorism
,●● What provides a source of operating funds for terrorists?
Answer: Kidnapping
●● hijacking and kidnapping on the seas
Answer: Piracy
●● any illegal Internet-mediated activity that takes place in electronic
networks
Answer: Cybercrime
●● North Korea tries to hack Pfizer for COVID data is an example of?
Answer: Cybercrime
●● What are four areas of increasing concern to governments?
Answer: protection from terrorism, piracy, kidnapping, cybercrime and
other threats
●● Country Risk Assessment
Answer: An assessment of a country's economic situation and politics to
determine how much risk to employees, property, and investment exists
for the firm doing business there
, ●● 6 reasons for restricting trade
Answer: Provide for National Defense, Impose Sanctions, Protect an
Infant or Dying Industry, Protect Domestic Jobs, Ensure Fair
Competition, Retaliate
●● While trade is promoted - in 1982 ag tariffs averaged _______% - in
comparison manufactured good tariffs=____%
Answer: 62%; 4%
●● Reasons to restrict trade to provide for national defense
Answer: -Certain industries need protection from imports because they
are vital to security
-economists say this is a weak argument
●● Reasons to restrict trade to impose sanctions
Answer: -Inflict economic damage, punish, or encourage change of
behavior
-Seldom achieve their goal
-Produce collateral economic damage
●● Reasons to restrict trade to Protect an Infant or Dying Industry
Answer: -Give infant industries a chance to grow and build comparative
advantage
-Without this, lower-cost imports will underprice in local marke
SCRIPT QUESTIONS WITH COMPLETE
SOLUTIONS GRADED A+
●● the taking of private property by a government to make it public
Answer: Nationalization
●● US Government took over ownership of what company during crisis
of 2008-2009?
Answer: GM
●● the selling of government owned property to the private sector to
gain more efficiency in business operations, to raise money or to change
in political climate/philosophy
Answer: Privatization (why governments sell businesses)
●● Protect the economic activities of citizens. Unfair competition is
minimized through
Answer: national laws, negotiations between governments, efforts of
institutions like World Bank
●● unlawful acts of violence committed for a wide variety of reasons
Answer: terrorism
,●● What provides a source of operating funds for terrorists?
Answer: Kidnapping
●● hijacking and kidnapping on the seas
Answer: Piracy
●● any illegal Internet-mediated activity that takes place in electronic
networks
Answer: Cybercrime
●● North Korea tries to hack Pfizer for COVID data is an example of?
Answer: Cybercrime
●● What are four areas of increasing concern to governments?
Answer: protection from terrorism, piracy, kidnapping, cybercrime and
other threats
●● Country Risk Assessment
Answer: An assessment of a country's economic situation and politics to
determine how much risk to employees, property, and investment exists
for the firm doing business there
, ●● 6 reasons for restricting trade
Answer: Provide for National Defense, Impose Sanctions, Protect an
Infant or Dying Industry, Protect Domestic Jobs, Ensure Fair
Competition, Retaliate
●● While trade is promoted - in 1982 ag tariffs averaged _______% - in
comparison manufactured good tariffs=____%
Answer: 62%; 4%
●● Reasons to restrict trade to provide for national defense
Answer: -Certain industries need protection from imports because they
are vital to security
-economists say this is a weak argument
●● Reasons to restrict trade to impose sanctions
Answer: -Inflict economic damage, punish, or encourage change of
behavior
-Seldom achieve their goal
-Produce collateral economic damage
●● Reasons to restrict trade to Protect an Infant or Dying Industry
Answer: -Give infant industries a chance to grow and build comparative
advantage
-Without this, lower-cost imports will underprice in local marke
