FIN /
320F
/ /
Exam
/ //
1 /
Working
/ /
Words
/ /
(Duvic) Questions With Correct Answers
/ // // // //
UNIT //1 //- //verified //answer(s)-✔✔
Incentives //- //verified //answer(s)-
✔✔Something //that //motivates //a //person //to //take //or //avoid //taking //an //action.
Resources //- //verified //answer(s)-
✔✔Physical //or //intangible //assets //that //can //be //used //to //accomplish //a //goal.
Confirmation //Bias //- //verified //answer(s)-
✔✔The //tendency //to //process //information //by //looking //for, //or //interpreting //information //that
//is //consistent //with //one's //existing //beliefs. //Encyclopaedia //Brittanica
Economic //activity //- //verified //answer(s)-
✔✔The //production, //distribution //and //consumption //of //economic //assets.
Economic //assets //- //verified //answer(s)-
✔✔Assets /
,/functioning /
/as /
/stores /
/of /
/value /
/and /
/over /
/which /
/ownership /
/rights /
/are /
/enforced /
/by /
/institutional /
/units, /
/individually /
/or /
/collectively, /
/and /
/from /
/which /
/economic /
/benefits /
/may /
/be /
/derived /
/by /
/their //owners //by //holding //them, //or //using //them, //over //a //period //of //time. //OECD //Glossary //of
//Statistical //Terms.
Property //rights //- //verified //answer(s)-
✔✔The /
/right /
/to /
/control /
/an /
/asset. /
, /This /
/control /
/includes /
/how /
/the /
/property /
/should /
/be /
/used, /
/how //the //benefits //from //this //use //are //distributed, //and //the //ability //to //dispose //of //the //asset.
Socialism //- //verified //answer(s)-
✔✔A //governmental //system //with //a //collective //or //governmental //control //of //property //rights.
Capitalism //- //verified //answer(s)-
✔✔A /
/market /
/economy /
/where /
/individuals /
/control /
/property /
/rights, //especially //the //right //to //control //assets //used //to //produce //society's //economic //assets.
Corruption //- //verified //answer(s)-
✔✔Dishonest /
/or /
/illegal /
/activity /
/by /
/persons /
/in /
/authority, /
/especially //political //leaders, //government //administrators, //judicial //officials //and //police
320F
/ /
Exam
/ //
1 /
Working
/ /
Words
/ /
(Duvic) Questions With Correct Answers
/ // // // //
UNIT //1 //- //verified //answer(s)-✔✔
Incentives //- //verified //answer(s)-
✔✔Something //that //motivates //a //person //to //take //or //avoid //taking //an //action.
Resources //- //verified //answer(s)-
✔✔Physical //or //intangible //assets //that //can //be //used //to //accomplish //a //goal.
Confirmation //Bias //- //verified //answer(s)-
✔✔The //tendency //to //process //information //by //looking //for, //or //interpreting //information //that
//is //consistent //with //one's //existing //beliefs. //Encyclopaedia //Brittanica
Economic //activity //- //verified //answer(s)-
✔✔The //production, //distribution //and //consumption //of //economic //assets.
Economic //assets //- //verified //answer(s)-
✔✔Assets /
,/functioning /
/as /
/stores /
/of /
/value /
/and /
/over /
/which /
/ownership /
/rights /
/are /
/enforced /
/by /
/institutional /
/units, /
/individually /
/or /
/collectively, /
/and /
/from /
/which /
/economic /
/benefits /
/may /
/be /
/derived /
/by /
/their //owners //by //holding //them, //or //using //them, //over //a //period //of //time. //OECD //Glossary //of
//Statistical //Terms.
Property //rights //- //verified //answer(s)-
✔✔The /
/right /
/to /
/control /
/an /
/asset. /
, /This /
/control /
/includes /
/how /
/the /
/property /
/should /
/be /
/used, /
/how //the //benefits //from //this //use //are //distributed, //and //the //ability //to //dispose //of //the //asset.
Socialism //- //verified //answer(s)-
✔✔A //governmental //system //with //a //collective //or //governmental //control //of //property //rights.
Capitalism //- //verified //answer(s)-
✔✔A /
/market /
/economy /
/where /
/individuals /
/control /
/property /
/rights, //especially //the //right //to //control //assets //used //to //produce //society's //economic //assets.
Corruption //- //verified //answer(s)-
✔✔Dishonest /
/or /
/illegal /
/activity /
/by /
/persons /
/in /
/authority, /
/especially //political //leaders, //government //administrators, //judicial //officials //and //police
