AGB 302 FINAL EXAM |100+ Questions with 100% Correct Answers | Updated & Verified 2023 .

AGB 302 FINAL EXAM |100+ Questions with 100% Correct Answers | Updated & Verified 2023 . AGB 302 Final 1. which of the following is a step in the shift towards a market based economic system?: creation of a legal system to safeguard property rights 2. design and names by which merchants or manufacturers designate and differentiate their products are known as __________: trademarks 3. ________, a nobel prize-winning economist, has argued that development is not just an economic process, but it is a political one as well.: amartya sen 4. in several western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to ________.: privatization 5. one of the reasons for the spread of democracy is the emergence of _____________ who have pushed for democratic reforms.: increasingly prosperous middle and working classes 6. which of the following areas of international trade is regulated by the For- eign Corrupt Practice Act?: preventing bribery and unethical acts in the conduct of international business 7. the tenet of ___________ is that the welfare of society is best served by letting people pursue their own economic self-interest.: individualism 8. the state can expropriate the profits from innovation through legal means, such as ____________.: excessive taxation 9. a free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of:: a democratic regime 10. under the ___________, cases are judged with reference to three characteristics: tradition, precedent, and custom.: common law system 11. anecdotal comparisons suggest that the assertion that nations that invest more in _________ will have higher growth rates is true.: education 12. which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living?: purchasing power party (PPP) adjustment 13. in a ___________ economy, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning.: mixed 14. a market economy encourages innovation because:: economic