MIE 201 Exam #1 FULLY SOLVED GRADED A+ 2023/2024 PASSED

MIE 201 Exam #1Which of the following is an example of insider trading? - correct answer The chief executive officer of an IT company purchases shares in the company as he learns that the company is being taken over by a global IT firm A situation in which you must choose between two conflicting but arguably valid alternatives would be known as a(n) - correct answer ethical dilemma Which of the following is a characteristic feature of economic contraction? - correct answer decreased consumer spending Which of the following best describes economic globalization? - correct answer The increasing integration and interdependence of world-wide national economies The ____________ measures a country's production, distribution, and use of goods and services by computing the sum of all goods and services produced for final use during a specified period - correct answer gross domestic product (GDP) One of the best ways to establish yourself as a professional, and to stand out from your competition is to ________ - correct answer improve your communication skills Why would the government lower the income tax rate? - correct answer to encourage consumers and businesses to spend money not paid in taxes When demand for goods and services drops, businesses reduce pollution, thereby requiring fewer workers. The unemployment resulting because of this phenomenon is known as _______________ unemployment. - correct answer cyclical If the government owns many of the key industrial sectors, such as transportation, health care, and communications, but private ownership is allowed in other industries, what type of economic system does the country have? - correct answer socialism