Davis D270 Final Exam Questions and Answers 100% Solved | Rated A+

Davis D270 Final Exam Questions and

Answers 100% Solved | Rated A+


1) The recent global economic crisis has led to which of the following?



A) governments seeking to impose more constraints on capitalism

B) governments seeking to eliminate constraints on capitalism

C) governments seeking to increase the interdependence of developing

economies

D) governments seeking to eliminate the interdependence of developing

economies - ✔✔A) governments seeking to impose more constraints on

capitalism

2) Which of the following is most likely a true statement about the global

economy since the 1980s?



A) Socialist governments are intervening more in global exchanges.

B) Wealthy countries are exercising total control over emerging markets.

C) Developing countries are losing growing shares of their foreign-

exchange reserves.
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,D) Emerging economies are adopting the principles and practices of free

markets. - ✔✔D) Emerging economies are adopting the principles and

practices of free markets.

3) Kyle, an international manager for Apex Industries, has been given the

task of analyzing the economies of three different emerging countries for

the firm's potential expansion. Which of the following questions is LEAST

relevant to Kyle's assignment?



A) How much freedom will Apex have to run its foreign operations?

B) What are the current economic policies related to development?

C) What is the likelihood that Apex can fill manufacturing positions with

locals?

D) What factors in the country drive or hinder economic change? - ✔✔C)

What is the likelihood that Apex can fill manufacturing positions with locals?

4) Managers at Morrison Manufacturing are considering expanding the

firm's production overseas and want to ensure that the firm is located in a

country with a high degree of economic freedom. Presently, which of the

following locations would most likely offer Morrison the highest economic

freedom?



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,A) Mexico

B) Hong Kong

C) Venezuela

D) North Korea - ✔✔B) Hong Kong

5) Since the late 1980s, the growing emergence of freer markets has been

powered by the realization that ________.



A) economic growth is directly related to economic freedom

B) economic growth has a limited effect on the standard of living

C) adoption of free market principles contributes to social injustices

D) centrally planned economies are best designed to deliver progress -

✔✔A) economic growth is directly related to economic freedom

6) The Economic Freedom Index indicates that economic freedom is

positively correlated with all of the following EXCEPT ________.



A) life expectancy

B) literacy

C) environmental sustainability

D) diversity - ✔✔D) diversity



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, 7) The recent global credit crisis has interrupted the trend of national

economies ________.



A) rapidly adopting the command market model

B) steadily adopting the free market model

C) moving from the mixed to the command model

D) turning away from the mixed model - ✔✔B) steadily adopting the free

market model

8) History suggests that if the economic crisis worsens, we are likely to see

more people question the ________.



A) fall of communism

B) legitimacy of capitalism

C) practicality of mixed market economies

D) correlation between economic freedom and prosperity - ✔✔B) legitimacy

of capitalism

9) According to research, which of the following countries is the strongest

supporter of free markets?



A) China

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