MANA 1301 EXAM 1 STUDY GUIDE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
Globalization Ans✓✓✓socioeconomic reform process of eliminating
trade, investment, cultural, information technology, and political barriers
across countries.
emerging economies Ans✓✓✓implementing more open trade and free
market policies
Decoupling Ans✓✓✓global shift where industrialized developing
economies grow based on their own economic strength rather than from
highly-developed countries
multipolar world Ans✓✓✓a world economy compromised of
industrialized and emerging market economies
institutions Ans✓✓✓the rules, enforcement mechanisms, and
organizations that support market transactions
economic reforms Ans✓✓✓economic policy changes that promote
private sector development, competitive markets, market-pricing, freer
trade, and deregulation
capital markets Ans✓✓✓a stock exchange where long-term financial
instruments such as stocks and bonds can be bought and sold
, adaptive institutions Ans✓✓✓government organizations that create
strong incentives for private investment and operate under a system of
checks and balances
antitrust laws Ans✓✓✓national laws aimed at maintaining competition
in all sectors of the economy and preventing monopolistic behavior of
firms
sustainable development Ans✓✓✓economic development that meets the
needs of people today without limiting the ability of future generations
to meet their needs
Globalization leads to Ans✓✓✓increased economic growth and
geopolitical integration
BRIC economies Ans✓✓✓Brazil, Russia, India, China
3 international trade organizations that facilitate globalization:
Ans✓✓✓-International Money Fund [provides financial stability]
-The World Bank [global integration through trade]
-World Trade Organization [settle trade disputes and review trade
policies]
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
Globalization Ans✓✓✓socioeconomic reform process of eliminating
trade, investment, cultural, information technology, and political barriers
across countries.
emerging economies Ans✓✓✓implementing more open trade and free
market policies
Decoupling Ans✓✓✓global shift where industrialized developing
economies grow based on their own economic strength rather than from
highly-developed countries
multipolar world Ans✓✓✓a world economy compromised of
industrialized and emerging market economies
institutions Ans✓✓✓the rules, enforcement mechanisms, and
organizations that support market transactions
economic reforms Ans✓✓✓economic policy changes that promote
private sector development, competitive markets, market-pricing, freer
trade, and deregulation
capital markets Ans✓✓✓a stock exchange where long-term financial
instruments such as stocks and bonds can be bought and sold
, adaptive institutions Ans✓✓✓government organizations that create
strong incentives for private investment and operate under a system of
checks and balances
antitrust laws Ans✓✓✓national laws aimed at maintaining competition
in all sectors of the economy and preventing monopolistic behavior of
firms
sustainable development Ans✓✓✓economic development that meets the
needs of people today without limiting the ability of future generations
to meet their needs
Globalization leads to Ans✓✓✓increased economic growth and
geopolitical integration
BRIC economies Ans✓✓✓Brazil, Russia, India, China
3 international trade organizations that facilitate globalization:
Ans✓✓✓-International Money Fund [provides financial stability]
-The World Bank [global integration through trade]
-World Trade Organization [settle trade disputes and review trade
policies]
