WGU D270 Final Exam Questions And Correct
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1) The recent global economic crisis has led to which of the following?
A) governments seeking to impose more constraints on capitalism
B) governments seeking to eliminate constraints on capitalism
C) governments seeking to increase the interdependence of developing economies
D) governments seeking to eliminate the interdependence of developing
economies
Ans: A) governments seeking to impose more constraints on capitalism
2) Which of the following is most likely a true statement about the global
economy since the 1980s?
A) Socialist governments are intervening more in global exchanges.
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B) Wealthy countries are exercising total control over emerging markets.
C) Developing countries are losing growing shares of their foreignexchange
reserves.
D) Emerging economies are adopting the principles and practices of free markets.
Ans: D) Emerging economies are adopting the principles and practices of free markets.
5) Since the late 1980s, the growing emergence of freer markets has been powered
by the realization that ________.
A) economic growth is directly related to economic freedom
B) economic growth has a limited effect on the standard of living
C) adoption of free market principles contributes to social injustices
D) centrally planned economies are best designed to deliver progress Ans: A)
economic growth is directly related to economic freedom
6) The Economic Freedom Index indicates that economic freedom is positively
correlated with all of the following EXCEPT ________.
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A) life expectancy
B) literacy
C) environmental sustainability
D) diversity
Ans: D) diversity
4) Managers at Morrison Manufacturing are considering expanding the firm's
production overseas and want to ensure that the firm is located in a country with a
high degree of economic freedom. Presently, which of the following locations
would most likely offer Morrison the highest economic freedom?
A) Mexico
B) Hong Kong
C) Venezuela
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D) North Korea
Ans: B) Hong Kong
7) The recent global credit crisis has interrupted the trend of national economies
________.
A) rapidly adopting the command market model
B) steadily adopting the free market model
C) moving from the mixed to the command model
D) turning away from the mixed model
Ans: B) steadily adopting the free market model
8) History suggests that if the economic crisis worsens, we are likely to see more
people question the ________.