age 1 of 21
BUNDLE FOR D270 FINAL EXAM STUDY GUIDE
2025/2026 ACCURATE QUESTIONS AND VERIFIED
CORRECT SOLUTIONS WITH RATIONALES || 100%
GUARANTEED PASS <LATEST VERSION>
balance of payments ......ANSWER........a system of recording all
of a country's economic transactions with the rest of the world
base of the pyramid ......ANSWER........the largest, but poorest,
socioeconomic group in the world; the billions of poor people
that are seen as inaccessible and unprofitable yet arguably
represent the next market frontier of the global economy
brazil, russia, india, china (BRIC) ......ANSWER........what one
primarily speaks of when speaking of emerging economies,
these are known as vanguard of change
,age 2 of 21
capital accounts ......ANSWER........track both loans given to
foreigners and loans received by citizens
capitalism ......ANSWER........is based on the principle of private
ownership of capital
command economy ......ANSWER........the government owns and
controls resources, commanding the authority to decide what
products to make in what quantity, at what price, and in what
way
communism ......ANSWER........champions state ownership of
resources and control of all economic activity
current accounts ......ANSWER........track merchandise trade
debt ......ANSWER........the total of government's financial
obligations, measures what the state borrows from its citizens,
, age 3 of 21
foreign organizations, foreign governments, and international
institutions
deflation ......ANSWER........a decrease in the general price level
of goods and services, is often caused by a reduction in the
supply of money or credit. Technically occurs when the annual
inflation rate is less than zero
economic freedom ......ANSWER........holds that people have the
right to work, produce, consume, save, and invest in the way that
they prefer
economic freedom index ......ANSWER........estimates the extent to
which a government constrains free choice and free enterprise
for reasons that go beyond the need to protect property,
liberty, safety, and efficiency
BUNDLE FOR D270 FINAL EXAM STUDY GUIDE
2025/2026 ACCURATE QUESTIONS AND VERIFIED
CORRECT SOLUTIONS WITH RATIONALES || 100%
GUARANTEED PASS <LATEST VERSION>
balance of payments ......ANSWER........a system of recording all
of a country's economic transactions with the rest of the world
base of the pyramid ......ANSWER........the largest, but poorest,
socioeconomic group in the world; the billions of poor people
that are seen as inaccessible and unprofitable yet arguably
represent the next market frontier of the global economy
brazil, russia, india, china (BRIC) ......ANSWER........what one
primarily speaks of when speaking of emerging economies,
these are known as vanguard of change
,age 2 of 21
capital accounts ......ANSWER........track both loans given to
foreigners and loans received by citizens
capitalism ......ANSWER........is based on the principle of private
ownership of capital
command economy ......ANSWER........the government owns and
controls resources, commanding the authority to decide what
products to make in what quantity, at what price, and in what
way
communism ......ANSWER........champions state ownership of
resources and control of all economic activity
current accounts ......ANSWER........track merchandise trade
debt ......ANSWER........the total of government's financial
obligations, measures what the state borrows from its citizens,
, age 3 of 21
foreign organizations, foreign governments, and international
institutions
deflation ......ANSWER........a decrease in the general price level
of goods and services, is often caused by a reduction in the
supply of money or credit. Technically occurs when the annual
inflation rate is less than zero
economic freedom ......ANSWER........holds that people have the
right to work, produce, consume, save, and invest in the way that
they prefer
economic freedom index ......ANSWER........estimates the extent to
which a government constrains free choice and free enterprise
for reasons that go beyond the need to protect property,
liberty, safety, and efficiency
