IB-Lec-8

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Economical Risk

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joseph hanany

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IB-Lec-8


IB-Lec-8Versión en línea Economical Risk por joseph hanany 1 When analyzing the key elements of a country's economic environment, it is best to apply a systems perspective. a TRUE b False 2 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 Bolivia b Hong Kong c Venezuela d North Korea 3 In a command economy, ________. a businesses and consumers are assumed to be the best judges of how resources should be allocated b the government sets goals and determines the price and quantity of what is produced c different economic sectors coordinate the activities of the federal government d each enterprise sets its goals before making reports to the central government 4 Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ________. a monitor market prices b control natural resources c ensure fair competition d provide innovation incentives 5 There is a positive correlation between economic freedom and economic growth. a TRUE b False 6 Communism primarily relies on a system of ________. a private business ownership b competitive pricing and marketing c market-generated supply and demand d government-controlled economic activity 7 Market economies are primarily characterized by ________. a formal cooperation among government, companies, and workers to achieve stable growth b heavy government spending and high taxation to pay for a range of social services c minimal governmental participation d restricted consumer powers 8 In Country X, all dimensions of economic activity, including pricing and production decisions, are determined by the central government. Which term best describes Country X? a market economy b mixed economy c command economy d democratic economy 9 In the Economic Freedom Index, ________ exhibit high economic freedom whereas ________ exhibit little to no economic freedom. a mixed economies; market economies b command economies; market economies c market economies; command economies d centrally planned economies; command economies 10 In a country that practices state capitalism, all of the following are most likely to be handled by the state EXCEPT ________. a leveraging control of the financial system b developing national corporations c supporting the local activities of foreign competitors d systematically managing trade relations

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IB-Lec-8Versión en línea

por joseph hanany

When analyzing the key elements of a country's economic environment, it is best to apply a systems perspective.

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?

In a command economy, ________.

Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ________.

There is a positive correlation between economic freedom and economic growth.

Communism primarily relies on a system of ________.

Market economies are primarily characterized by ________.

In Country X, all dimensions of economic activity, including pricing and production decisions, are determined by the central government. Which term best describes Country X?

In the Economic Freedom Index, exhibit high economic freedom whereas exhibit little to no economic freedom.

In a country that practices state capitalism, all of the following are most likely to be handled by the state EXCEPT ________.

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IB-Lec-8Versión en línea

por joseph hanany

When analyzing the key elements of a country's economic environment, it is best to apply a systems perspective.

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?

In a command economy, ________.

Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ________.

There is a positive correlation between economic freedom and economic growth.

Communism primarily relies on a system of ________.

Market economies are primarily characterized by ________.

In Country X, all dimensions of economic activity, including pricing and production decisions, are determined by the central government. Which term best describes Country X?

In the Economic Freedom Index, ________ exhibit high economic freedom whereas ________ exhibit little to no economic freedom.

In a country that practices state capitalism, all of the following are most likely to be handled by the state EXCEPT ________.

In the Economic Freedom Index, exhibit high economic freedom whereas exhibit little to no economic freedom.