QUESTION As a result of which of the following, large amounts of economic activity in India are unrecorded and the official GDP figures of the country fail to tell the entire story of the economy? A. A large population B. Active bartering C. Deregulation D. Nationalization E. Closed totalitarianism ANSWER B In some countries […]
QUESTION In most eastern European nations, the title to urban and agricultural property is often uncertain because of incomplete and inaccurate records, multiple pledges on the same property, and unsettled claims resulting from demands for restitution from owners in the pre-communist era. Indicate whether the statement is true or false. ANSWER TRUE In most […]
QUESTION Which of the following is based on three measures: life expectancy at birth, educational attainment, and average incomes based on PPP estimates? A. Human Development Index B. Gross National Income C. Gross Domestic Product D. Cost of Living Index E. Cash Reserve Ratio ANSWER A The Human Development Index (HDI) is based on […]
QUESTION Although free markets and democracy can still be found around the world, the tide has been running in favor of command economies and totalitarian dictatorships. Indicate whether the statement is true or false. ANSWER FALSE Although command economies remain and totalitarian dictatorships can still be found around the world, the tide has been […]
QUESTION The Human Development Index comes close to Amartya Sen’s conception of how development should be measured, although which of the following, suggested by Sen in his thesis, is not included in the index? A. Basic health care B. Political freedom C. Educational attainment D. Basic average income E. Life expectancy at birth ANSWER […]
QUESTION By identifying and investing early in a potential future economic star, international firms build brand loyalty and gain experience in that country’s business practices. Indicate whether the statement is true or false. ANSWER TRUE By identifying and investing early in a potential future economic star, international firms may build brand loyalty and gain […]
QUESTION Which of the following is an indicator of low human development in a country? A. A score of 0.3 on the HDI scale B. Rapid “democratization” of political communities C. Large population due to a highly developed health care system D. Giving citizens a voice in the important decisions made for the community E. […]
QUESTION Without a legal system that protects property rights, and without the machinery to enforce that system, the incentive to engage in economic activity can be reduced substantially by private and public entities. Indicate whether the statement is true or false. ANSWER TRUE Without a legal system that protects property rights, and without the […]
QUESTION Which of the following best exemplifies an entrepreneur? A. Sam, an employee at a supermarket, is solely responsible for all the purchases and sales at the grocery department. B. Joe recycles old household articles to build phones, radios, and other things for his personal use. C. Max makes his living by investing in small […]
QUESTION A country’s economic system and property rights regime do not influence the attractiveness of the country as a market or investment site. Indicate whether the statement is true or false. ANSWER FALSE The political, economic, and legal environments of a country clearly influence the attractiveness of that country as a market or investment […]
