BUS-200 Final Review (Multiple choice) 100% VERIFIED
ANSWERS
The social market model of national economy prioritizes which one of the following? correct
answers societal goals
The government of Nerumbia wants to open the country's economy to international business
and increase its overall attractiveness as a potential market or investment site. Which of the
following will facilitate this decision of the Nerumbian government? correct answers
Investing in infrastructure and in the required supporting businesses
Taxation as a percentage of GDP is generally high in advanced economies, but which of the
following countries is an exception? correct answers the US
The government of Great Lanthania is planning to adopt a market-based economic system.
To be able to do so, the government of this country should: correct answers adopt
privatization
What impact does high inequality have on economic growth? correct answers It adversely
affects the sustainability of growth.
To what extent is regulation part of the liberal market economy? correct answers To the
extent needed to ensure open and fair markets
Which of the following countries has relatively low inequality? correct answers Norway
All but which one of the following is a worry for a government when there is rising inflation?
correct answers The country's interest rates are likely to fall.
How is income inequality measured in net terms? correct answers By taking account of an
individual's income after taxes and transfers
The result of the 'Bre' referendum in the UK was which of the following? correct answers To
leave the EU
What is recession in a national economy? correct answers Two consecutive quarters of
negative economic growth
Why is adjustment for PPP important in comparing national economic data? correct answers
Because it takes of differences in spending power in different countries
Which of the following describes a country when the income its residents earn from exports
is equal to the money its residents pay to other countries for imports? correct answers
Balance-of-trade equlibrium
Which one of the following best describes the foundation principles of the liberal market
economy? correct answers laissez-faire capitalism
, Which one of the following describes the EU single market? correct answers Free movement
of goods, people, capital and information
A current account surplus indicates which of the following? correct answers The country
exports more than it imports
How can MNEs promote sustainable growth in the economies where they operate? correct
answers By adopting a CSR approach to social well-being in each location
Capitalism rests on all but which one of the following basic assumptions? correct answers
social justice
Which one of the following best describes China's economic model? correct answers Market
freedoms in the context of ultimate political controls
What is 'macroeconomics'? correct answers The study of national economies
A global political environment following a. realpolitik approach would be based on which of
the following? correct answers power politics
Which one of the following is not a source of internal political risk? correct answers Conflict
with a neighbouring country
All but which one of the following is a civil society organization? correct answers A
government agency
What was the importance of the 'Citizens United' Supreme Court judgment in the US? correct
answers To allow individuals and companies to give unlimited donations to political causes
Which one of the following is not a. risk to sustainability in political systems? correct
answers respect for international law
Which one of the following descriptions comes closest to justifying China's authoritarian
rule? correct answers Directing development from the top benefits all in the end.
Pluralism is associated with all but which one of the following correct answers authoritarian
rule
Which of the following elements is not associated with extreme nationalism? correct answers
Tolerance of minority cultures
The rule of law is characterized by which one of the following? correct answers The law is
above ruler and ruled.
A populist ideology is likely to focus on all but which one of the following? correct answers
democratic freedoms
Which one of the following best defines the nation-state? correct answers The authoritative
institutional framework for governing a defined territory
ANSWERS
The social market model of national economy prioritizes which one of the following? correct
answers societal goals
The government of Nerumbia wants to open the country's economy to international business
and increase its overall attractiveness as a potential market or investment site. Which of the
following will facilitate this decision of the Nerumbian government? correct answers
Investing in infrastructure and in the required supporting businesses
Taxation as a percentage of GDP is generally high in advanced economies, but which of the
following countries is an exception? correct answers the US
The government of Great Lanthania is planning to adopt a market-based economic system.
To be able to do so, the government of this country should: correct answers adopt
privatization
What impact does high inequality have on economic growth? correct answers It adversely
affects the sustainability of growth.
To what extent is regulation part of the liberal market economy? correct answers To the
extent needed to ensure open and fair markets
Which of the following countries has relatively low inequality? correct answers Norway
All but which one of the following is a worry for a government when there is rising inflation?
correct answers The country's interest rates are likely to fall.
How is income inequality measured in net terms? correct answers By taking account of an
individual's income after taxes and transfers
The result of the 'Bre' referendum in the UK was which of the following? correct answers To
leave the EU
What is recession in a national economy? correct answers Two consecutive quarters of
negative economic growth
Why is adjustment for PPP important in comparing national economic data? correct answers
Because it takes of differences in spending power in different countries
Which of the following describes a country when the income its residents earn from exports
is equal to the money its residents pay to other countries for imports? correct answers
Balance-of-trade equlibrium
Which one of the following best describes the foundation principles of the liberal market
economy? correct answers laissez-faire capitalism
, Which one of the following describes the EU single market? correct answers Free movement
of goods, people, capital and information
A current account surplus indicates which of the following? correct answers The country
exports more than it imports
How can MNEs promote sustainable growth in the economies where they operate? correct
answers By adopting a CSR approach to social well-being in each location
Capitalism rests on all but which one of the following basic assumptions? correct answers
social justice
Which one of the following best describes China's economic model? correct answers Market
freedoms in the context of ultimate political controls
What is 'macroeconomics'? correct answers The study of national economies
A global political environment following a. realpolitik approach would be based on which of
the following? correct answers power politics
Which one of the following is not a source of internal political risk? correct answers Conflict
with a neighbouring country
All but which one of the following is a civil society organization? correct answers A
government agency
What was the importance of the 'Citizens United' Supreme Court judgment in the US? correct
answers To allow individuals and companies to give unlimited donations to political causes
Which one of the following is not a. risk to sustainability in political systems? correct
answers respect for international law
Which one of the following descriptions comes closest to justifying China's authoritarian
rule? correct answers Directing development from the top benefits all in the end.
Pluralism is associated with all but which one of the following correct answers authoritarian
rule
Which of the following elements is not associated with extreme nationalism? correct answers
Tolerance of minority cultures
The rule of law is characterized by which one of the following? correct answers The law is
above ruler and ruled.
A populist ideology is likely to focus on all but which one of the following? correct answers
democratic freedoms
Which one of the following best defines the nation-state? correct answers The authoritative
institutional framework for governing a defined territory
