1|Page
WGU D270 IU FINAL EXAM ACCURATE AND
FREQUENTLY TESTED QUESTIONS AND 100%
CORRECT ANSWERS|| LATEST AND COMPLETE
UPDATE WITH EXPERT VERIFIED SOLUTIONS||
SURE PASS
1.If the United States government prohibits all trade on a whole category of
products to Peru, that would be called a ______
A. Quota
B. Import certification hold
C. VER
D. Sanction
E. Embargo - ANSWER: Embargo
2. The coronavirus caused a dramatic economic slowdown around the world.
History suggests that when an economic crisis gets worse, it is very likely that
more citizens question the ____.
A. Fall of communism
B. Correlation between economic freedom and prosperity
C. Practicality of mixed-market economies
D. Legitimacy of capitalism - ANSWER: Legitimacy of Capitalism
3.Your friend asks you to explain what problem might happen if Mexico decides to
use trade protectionism to help make Mexico's industries more competitive in
international markets. What problem would Mexico have?
a. Assistance should be given only if entry barriers to new firms are very low
b. A short product life-cycle makes the industry quickly noncompetitive
c. It is difficult to identify industries that have a high probability of reaching
competitiveness
,2|Page
d. The protecting countries companies always become domestic competitors -
ANSWER: The protecting country's companies become domestic competitors
All of the following statements are true about the G20 countries EXCEPT:???
a. More than half of the world's population live in G20 countries
b. Less than half of the world's poor people live in G20 countries
c. They have over 75% of the worlds global trade
d. They have pro business policies
e. All the statements are true - ANSWER: Less than half of the world's population
live in G20 countries
Which of the following is not a characteristic of capitalism?
a. Right to profit from individual effort
b. Private ownership of assets
c. Private control of investment
d. State control of factors of production - ANSWER: State control of factors of
production
Kyle, a Vice President for Ford Motor Company, a U.S. corporation, read a news
story today that said the U.S. government is considering ending the chicken tax.
Why would Kyle be concerned about this news?
a. Removing the chicken tax will allow pick up trucks from foreign countries to be
sold at a lower price in the USA - ANSWER: yep
Julie is asked by her boss to make a list of the economic characteristics of an
"emerging country". Which of the following characteristics should Julie have on
her list.
, 3|Page
I. Accelerating growth
II. Increasing FID
III. Increasing Imports
IV. Increasing Exports
V. Decreasing Exports
VI. Expanding consumption
VII. Decreasing Consumption
VIII. Growing Middle class
IX. Decreasing middle class - ANSWER: I, II, III, IV, VI, VIII
A luxury bag company from France decided to lower its export price to Australia
to help compensate for import tariffs being placed on their bag, this is an example
of:
a. Economic quota action theory
b. Dumping
c. Essential-industry argument
d. Optimum-Tariff theory
e. Anti-dumping practice - ANSWER: Optimum tariff theory
Command economics can:
a. Never outperform free markets
b. Outperform free markets for long periods of time
c. Outperform free markets for short periods of time
d. Never underperform free markets
e. None of the above - ANSWER: Outperform free markets for short periods of
time
WGU D270 IU FINAL EXAM ACCURATE AND
FREQUENTLY TESTED QUESTIONS AND 100%
CORRECT ANSWERS|| LATEST AND COMPLETE
UPDATE WITH EXPERT VERIFIED SOLUTIONS||
SURE PASS
1.If the United States government prohibits all trade on a whole category of
products to Peru, that would be called a ______
A. Quota
B. Import certification hold
C. VER
D. Sanction
E. Embargo - ANSWER: Embargo
2. The coronavirus caused a dramatic economic slowdown around the world.
History suggests that when an economic crisis gets worse, it is very likely that
more citizens question the ____.
A. Fall of communism
B. Correlation between economic freedom and prosperity
C. Practicality of mixed-market economies
D. Legitimacy of capitalism - ANSWER: Legitimacy of Capitalism
3.Your friend asks you to explain what problem might happen if Mexico decides to
use trade protectionism to help make Mexico's industries more competitive in
international markets. What problem would Mexico have?
a. Assistance should be given only if entry barriers to new firms are very low
b. A short product life-cycle makes the industry quickly noncompetitive
c. It is difficult to identify industries that have a high probability of reaching
competitiveness
,2|Page
d. The protecting countries companies always become domestic competitors -
ANSWER: The protecting country's companies become domestic competitors
All of the following statements are true about the G20 countries EXCEPT:???
a. More than half of the world's population live in G20 countries
b. Less than half of the world's poor people live in G20 countries
c. They have over 75% of the worlds global trade
d. They have pro business policies
e. All the statements are true - ANSWER: Less than half of the world's population
live in G20 countries
Which of the following is not a characteristic of capitalism?
a. Right to profit from individual effort
b. Private ownership of assets
c. Private control of investment
d. State control of factors of production - ANSWER: State control of factors of
production
Kyle, a Vice President for Ford Motor Company, a U.S. corporation, read a news
story today that said the U.S. government is considering ending the chicken tax.
Why would Kyle be concerned about this news?
a. Removing the chicken tax will allow pick up trucks from foreign countries to be
sold at a lower price in the USA - ANSWER: yep
Julie is asked by her boss to make a list of the economic characteristics of an
"emerging country". Which of the following characteristics should Julie have on
her list.
, 3|Page
I. Accelerating growth
II. Increasing FID
III. Increasing Imports
IV. Increasing Exports
V. Decreasing Exports
VI. Expanding consumption
VII. Decreasing Consumption
VIII. Growing Middle class
IX. Decreasing middle class - ANSWER: I, II, III, IV, VI, VIII
A luxury bag company from France decided to lower its export price to Australia
to help compensate for import tariffs being placed on their bag, this is an example
of:
a. Economic quota action theory
b. Dumping
c. Essential-industry argument
d. Optimum-Tariff theory
e. Anti-dumping practice - ANSWER: Optimum tariff theory
Command economics can:
a. Never outperform free markets
b. Outperform free markets for long periods of time
c. Outperform free markets for short periods of time
d. Never underperform free markets
e. None of the above - ANSWER: Outperform free markets for short periods of
time
