Rep Economics Quiz

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Economic and emerging markets

1. Lobbying is policy of hiring people to rep. .. 2. Which of the following was initially a code governing moral and ethical bahaviour and was later extended to commercial translation? Civil law 3. Uniformity is interpreting and applying laws in more than 1 country is known as standardization. 4. Intellectual property can be broadly classified as either industrial property or copyrights. 5. A patent is a right granted to the inventor of a product or process that excludes others from making, using, or selling inventions. 6. Industrial property includes patents and trademarks, which are often considered a firm's most valuable assets. 7. Copyright are protected under the Geneva Convention
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A county's economic system consists of the structure and processes it uses to allocate its resources and conduct its commercial activities. T 2. Central planning is rooted in the ideology that the welfare of the group is more important than individual well-being. 3. China's leaders describe its economic philosophy as socialism with chinese characteristics. 4. In china, family relationships rarely enter the business environment. F 5. In 1997, China regained control of Hong Kong. 6. 6.Which of the following is not an example of a mixed economy? USA 7. The main goal of privatization is to increase economic efficiency, boost productivity and raise living standards. T 8. The price mechanism dictates supply and demand is a market economy. T 9. To functions smoothly and properly, a market economy requires three things, free choice, free enterprise, and price flexibility. 10. The goal of antitrust laws is to encourage the development of industries with as many competing business as the market well sustain. 11. Fiscal policies regard taxation and government spending. 12. GDP is the value of all goods and services produced by a domestic economy over a one year …show more content…
A country that has recently increased the portion of its national product and exports dative from industrial operations is called a(n) NIC. 18. Economies transition the process by which a nation changes its fundamental economic organization and creates new free-market institutions. 19. Countries that make use the latest technologies....Technological dualism 20. Sources of capital for transition economies include: All of above.

Utolsó órai kérdések

1. Given that international trade is not a manufacturing activity, it has no impact on the job creation potential of an economy. F 2. The value of trade passing through some nation's borders actually exceeds the amount of goods and services that they produce. T 3. One way to measure the importance of trade to a nation is to examine the volume of an economy's trade relative to its total output. 4. Service exports for around 20 percent of total world trade. 5. When a country has a weak currency relative to other nations, imports are more expensive relative to domestic products. 6. In the context of international trade, isolationism is generally considered undesirable. T 7. Nearly 70 percent of Western Europe's exports are destined for other nations in Western

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