IT 304 FINAL QUESTIONS AND
ANSWERS 100% CORRECT
In which of the following economic systems, private ownership is possible: -
ANSWER-Capitalism
Vladimir Lenin referred to... as "the commanding heights of the Economy". -
ANSWER-Heavy Industry
"The system of production, distribution and consumption of wealth" is the definition
of: - ANSWER-Economy
Adam Smith referred to "Economic Nationalism" as: - ANSWER-Mercantile System
Which of the following cannot be categorized as an NGO: - ANSWER-World Trade
Organization
What can be categorized as the greatest economic force in modern economic history
- ANSWER-Shift to industrial production
Which of the following is not a characteristic of Capitalism? - ANSWER-Undefined
private property rights
What is the economic impact of IOT over the next 20 years - ANSWER-It will
increase the global GDP
When Adam smith came up with his theory about the "Wealth of Nations", which
country was the richest in the world? - ANSWER-Netherlands
...... are responsible for 70% of online referral traffic. - ANSWER-Facebook and
Google
In the context of our lecture, what does NRI stand for? - ANSWER-Network
Readiness Index
The meeting that led to the creation of IMF and World Bank was held at: - ANSWER-
Bretton Woods
What is the main purpose of a corporation? - ANSWER-Generate revenue for its
shareholders.
According to Ricardo Hausmann what is the crucial ingredient for implementing a
technology: - ANSWER-Know how
Which of the following cannot be categorized as a general-purpose technology ? -
ANSWER-Aviation Technology
ANSWERS 100% CORRECT
In which of the following economic systems, private ownership is possible: -
ANSWER-Capitalism
Vladimir Lenin referred to... as "the commanding heights of the Economy". -
ANSWER-Heavy Industry
"The system of production, distribution and consumption of wealth" is the definition
of: - ANSWER-Economy
Adam Smith referred to "Economic Nationalism" as: - ANSWER-Mercantile System
Which of the following cannot be categorized as an NGO: - ANSWER-World Trade
Organization
What can be categorized as the greatest economic force in modern economic history
- ANSWER-Shift to industrial production
Which of the following is not a characteristic of Capitalism? - ANSWER-Undefined
private property rights
What is the economic impact of IOT over the next 20 years - ANSWER-It will
increase the global GDP
When Adam smith came up with his theory about the "Wealth of Nations", which
country was the richest in the world? - ANSWER-Netherlands
...... are responsible for 70% of online referral traffic. - ANSWER-Facebook and
In the context of our lecture, what does NRI stand for? - ANSWER-Network
Readiness Index
The meeting that led to the creation of IMF and World Bank was held at: - ANSWER-
Bretton Woods
What is the main purpose of a corporation? - ANSWER-Generate revenue for its
shareholders.
According to Ricardo Hausmann what is the crucial ingredient for implementing a
technology: - ANSWER-Know how
Which of the following cannot be categorized as a general-purpose technology ? -
ANSWER-Aviation Technology
