Rogarian Arguments

Quiz Chapter 2 reference U number 1. The dramatic rec everywherey of Russian Economy in recent days can be attributed to a. record world prices for fossil oil and gas b. the succession of Vladimir Putin as president c. Putin slashed subsidies to state-owned enterprises d. the price increases for imports payable to rubles devaluation e. all of the higher up can be attributed 2. fit in to author William Greider, executives and grocery storeers must take into account the succeeding(a) new realities in the global economic situation a. merchandise has become uncoupled from recitation b. he world economy dominates the scene c. the struggle between capitalism and socialism is over d. the growth of e-commerce diminishes the importance of national barriers e. all of the to a higher place 3. The rampant corruption and bribery witnessed in a nations economy is referred to as a. re-nationalization b. managed democracy c. Kleptocracy d. autocracy e. n unitary of the in a higher pl ace 4. angiotensin converting enzyme of the distinguishing features of Centrally Planned Capitalism economic governance is a. all production choices ar privately owned b. the state has broad powers to serve the earthly concern interest as it sees fit c. ommand resource parceling is utilized extensively in private resource will power environment d. market allocation policies atomic number 18 permitted at heart and environment of state ownership e. none of the above 5. The Swedish government has significant holdings in key business areas and has loanblend economic system that incorporate a. market capitalism and centrally think socialism b. centrally planned socialism and market socialism c. centrally planned socialism and capitalism d. market socialism and market capitalism e. market capitalism and socialistic capitalism 6.Which type of economic system is characterized by command resource allocation and private resource ownership a. market capitalism b. centrally-planned capitalism c. market socialism d. centrally-planned socialism e. None of the above 7. Which type of economic system is characterized by market resource allocation and state resource ownership a. market capitalism b. centrally-planned capitalism c. market socialism d. centrally-planned socialism e. None of the above 8. mainland mainland chinaware predominantly follows an economic system that can be classified under a. centrally planned socialism b. market socialism . market capitalism d. centrally planned capitalism e. socialistic capitalism 9. Which of the following is true to the highest degree economic output in chinaware today a. the state vault of heaven accounts for about 75 percent of output b. the state and private sectors each account for about 50 percent of output c. the private sector accounts for about 75 percent of output d. the private sector is just about lacking in China e. the state sector is virtually nonexistent in China 10. The Washington, DC-based Heritage Foundation compiles a survey of over 150 countries ranked by degree of economic freedom.Although there are a number of key economic variables which are considered in this rank it does not include a. monetary policy b. banking policy c. black market d. property rights e. none of the above 11. Singapore banned the import, manufacture, and sales of chewing gum in the country since wads of gum were making a mess on sidewalks, buses, and subway trains. Violators are subject to severe penalties and earlier buying a pack consumers must register their names and addresses. This agree to author William Greider licences that Singapores government a. is harshly autocratic . administers a paranoid control over Singaporeans c. administers a paranoid control over press and politics d. runs an effective welfare state e. all of the above 12. The general characteristics shared by low-income countries does not include a. high kind rates b. low literacy rates c. concentration in Africa south of the Sahara d. impenetrable reliance on foreign aid e. low tourist income 13. Which of the following BRIC nations fall in the lower-middle-income category? a. India and China b. China and brazil-nut tree c. Brazil and Russia d. Russia and India e. none of the above 14.Pursuing alternative sources of energy, such as wind and solar power is important due to the fact that a. people in growth countries are much conscious about environment b. global marketers are more interested in publicizing environmental issues c. it is easy to smash solar power in many parts of the world d. big(a) reliance on fossil fuels contributes to global warming e. people world(a) can afford to buy power generated from wind and solar 15. growth and market opportunities in a postindustrial society are more heavily dependent upon new products and innovations than in industrial societies. An example of this would be . Nestle marketing Bono brand cookies in Brazil b. Coca-cola company developing a beverage Vintago in low-income countries c. New e-commerce markets for interactive forms of electronic discourse d. Hermes creating handbags called Amazonia e. Indias Suzlon Energy using wind driven turbines 16. The Organization for economic Cooperation and Development (OECD) is comprised of a. the 30 high-income countries b. countries that believe in market-allocation economic systems c. pluralistic democracies d. countries that demonstrate progress toward economic reform e. all of the above statements are relevant 7. The fastest-growing sector of world trade includes a. travel and entertainment b. accounting and court-ordered services c. royalties and license fees d. engineering services e. all of the above 18. amongst the year 2001 and 2006, China bought more than $ 250 billion in U. S. Treasury bonds. much(prenominal) purchases a. ensures that Chinas currency is relatively weak compared to the U. S. dollar mark b. read that China is not sure of its economic viability c. show that currency exchange rate is unpredictable d. predict that yuan will be vitiated in the near future e. Chinas currency is stronger than the U. S. dollar 9. To the extent that a country sells more goods and services abroad than it buys, there will be a. a greater demand for its currency b. a surplus production of goods and services c. a scarcity of goods and services within the country d. a need for revaluation of its currency e. time for move its currency 20. The tremendous Mac Index dated February 01, 2007 shows that the price of macro Mac in China was 11 yuan whereas its price in the United States was $ 3. 22. The index translated into yuan being undervalued by 56%. This shows that a. Big Mac is more expensive in the United States than in China b.Big Mac is less expensive in the United States than in China c. Big Mac costs the same in the United States and China d. Big Mac is less popular in China than in the United States e. Big Mac is more popular in China than in the United S tates Essay Question The newly independent countries of the originator Soviet Union present an interesting situation on one hand the income is declining creating considerable economic hardship whereas there are gentle opportunities with good potential from moving out of the low-income category. What are some of the problems and opportunities for these countries?