AGB 302 FINAL EXAM WITH
CORRECT ANSWERS
which of the following is a step in the shift towards a market
based economic system? -
CORRECT ANSWER -creation of a legal system to safeguard
property rights
design and names by which merchants or manufacturers
designate and differentiate their products are k nown as -
CORRECT ANSWER -trademarks
, a nobel prize-
winningTeconomist, has argued that development is not just an
economic process, but it is a political one as well. - CORRECT
ANSWER -amartya sen
,in several western democracies, the poor performance of state-
owned enterprises, because of protection from competition
and guaranteed government financial suppo rt, led to . -
CORRECT ANSWER -privatization
one of the reasons for the spread of democracy is the
emergence of who have
pushed fo r democratic reforms. - CORRECT ANSWER -
increasingly prosperous middle and working classes
which of the following areas of international trade is regulated by
the Foreign Corrupt Practice Act? -
CORRECT ANSWER -preventing bribery and unethical acts in the
conduct of international business
the tenet of is that the welfare of society is best served by
lettingTpeople pursue their own economic self-interest. -
CORRECT ANSWER -individualism
the state can expropriate the profits from innovation through legal
means, such as .-
CORRECT ANSWER -excessive taxation
, a free market economy in which property rights are protected
leads to subsequent economic growth, wh ich often leads to
the establishment of: - CORRECT ANSWER -a
democraticTregime
under the , cases are judged with reference to three
characteristics: tradition, precedent, a nd custom. - CORRECT
ANSWER -common law system
CORRECT ANSWERS
which of the following is a step in the shift towards a market
based economic system? -
CORRECT ANSWER -creation of a legal system to safeguard
property rights
design and names by which merchants or manufacturers
designate and differentiate their products are k nown as -
CORRECT ANSWER -trademarks
, a nobel prize-
winningTeconomist, has argued that development is not just an
economic process, but it is a political one as well. - CORRECT
ANSWER -amartya sen
,in several western democracies, the poor performance of state-
owned enterprises, because of protection from competition
and guaranteed government financial suppo rt, led to . -
CORRECT ANSWER -privatization
one of the reasons for the spread of democracy is the
emergence of who have
pushed fo r democratic reforms. - CORRECT ANSWER -
increasingly prosperous middle and working classes
which of the following areas of international trade is regulated by
the Foreign Corrupt Practice Act? -
CORRECT ANSWER -preventing bribery and unethical acts in the
conduct of international business
the tenet of is that the welfare of society is best served by
lettingTpeople pursue their own economic self-interest. -
CORRECT ANSWER -individualism
the state can expropriate the profits from innovation through legal
means, such as .-
CORRECT ANSWER -excessive taxation
, a free market economy in which property rights are protected
leads to subsequent economic growth, wh ich often leads to
the establishment of: - CORRECT ANSWER -a
democraticTregime
under the , cases are judged with reference to three
characteristics: tradition, precedent, a nd custom. - CORRECT
ANSWER -common law system
