Rogarian Arguments

Quiz Chapter 2 Name U number 1. The striking rec all overy of Russian Economy in recent days potbelly be attributed to a. record world prices for oil and gas b. the succession of Vladimir Putin as president c. Putin slashed subsidies to state- possess enterprises d. the price increases for imports receivable to rubles devaluation e. on the whole of the in a higher place flush toilet be attributed 2. According to author William Greider, executives and market placeers must defend into account the following crude realities in the global stinting mail a. production has become uncoupled from employment b. he world providence dominates the scene c. the struggle between capitalism and communism is over d. the developing of e-commerce diminishes the importance of national barriers e. all of the above 3. The rampant corruption and transplant witnessed in a nations economy is referred to as a. re-nationalization b. managed majority rule c. Kleptocracy d. autocracy e. None of t he above 4. One of the distinguishing features of Centrally Planned capitalist economy sparing system is a. all production options are privately owned b. the state has broad powers to serve the public interest as it sees barrack c. ommand imaging allocation is utilized extensively in private vision ownership surroundings d. market allocation policies are permitted within and environment of state ownership e. none of the above 5. The Swedish government has of import holdings in spot business sectors and has hybrid economic system that corporate a. market capitalism and centrally be after socialism b. centrally planned socialism and market socialism c. centrally planned socialism and capitalism d. market socialism and market capitalism e. market capitalism and left 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-plan ned 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. 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. collectivist capitalism 9. Which of the following is true about economic output in chinaware today a. the state sector 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 virtually nonexistent 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 ranking 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 realm since wads of gum were making a mess on sidewalks, buses, and tubing trains. Violators are subject to severe penalties and before dealing a comport consumers must register their names and addresses. This according to author William Greider demonstrate 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 efficacious welfare state e. all of the above 12. The general characteristics shared by low-income countries does not include a. high birth rates b. low literacy rates c. concentration in Africa south of the Sahara d. heavy reliance on outside aid e. low tourist income 13. Whic h of the following BRIC nations fall in the lower-middle-income family line? a. India and China b. China and Brazil 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 developing countries are more(prenominal) advised about environment b. global marketers are more interested in publicizing environmental issues c. it is easy to develop solar power in many parts of the world d. heavy reliance on fogey fuels contributes to global warming e. people worldwide can afford to buy power generated from wind and solar 15. Product 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 cross off cookies in Brazil b. Coca-cola company developing a beverage Vintago in low-income countries c. New e-commerce markets for interact ive forms of electronic communication d. Hermes creating handbags called Amazonia e. Indias Suzlon Energy use wind driven turbines 16. The Organization for Economic Cooperation and Development (OECD) is comprised of a. the 30 high-income countries b. countries that think in market-allocation economic systems c. pluralistic democracies d. countries that demonstrate progress toward economic remedy e. all of the above statements are applicable 7. The fastest-growing sector of world allot includes a. travel and entertainment b. accounting and legal go c. royalties and license fees d. applied science services e. all of the above 18. Between the year 2001 and 2006, China bought more than $ 250 billion in U. S. Treasury bonds. Such purchases a. en undisputables that Chinas bills is relatively weak compared to the U. S. dollar b. indicate that China is not sure of its economic viability c. show that currency exchange rate is un send forable d. predict that yuan will be devalued in t he near futurity e. Chinas currency is stronger than the U. S. dollar 9. To the extent that a awkward 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 deal for revaluation of its currency e. time for fluctuating its currency 20. The Big macintosh Index dated February 01, 2007 shows that the price of Big mackintosh 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 valuable in the United States than in China b.Big Mac is less(prenominal) big-ticket(prenominal) in the United States than in China c. Big Mac be 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 States canvas Question The newly independent c ountries of the former Soviet Union bring out an interesting situation on one hand the income is declining creating considerable economic hardship whereas there are attractive opportunities with good potential from despicable out of the low-income category. What are some of the problems and opportunities for these countries?