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1 | |
The total amount of goods and services produced during the 20th century was less than the total amount of all of the goods and services produced in recorded history up to that time. |
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| | A) | True |
| | B) | False |
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2 | |
The economic growth of the 20th century has increased the gap between the rich and the poor. |
|
| | A) | True |
| | B) | False |
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3 | |
New technologies can promote improvements in human welfare. |
|
| | A) | True |
| | B) | False |
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4 | |
Corporations have a duty to avoid harming the societies in which they do business. |
|
| | A) | True |
| | B) | False |
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5 | |
Values based on the assumptions of affluence are known as postmodern values. |
|
| | A) | True |
| | B) | False |
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6 | |
Which of the following measures of the development of nations is included in the Human Development Index (HDI)? |
|
| | A) | Income per capita |
| | B) | Knowledge |
| | C) | Longevity |
| | D) | All of the above |
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7 | |
About how many of the world's population today live on incomes of less than US$2 per day? |
|
| | A) | 500 million |
| | B) | 800 million |
| | C) | 1.2 billion |
| | D) | 2.8 billion |
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8 | |
In 2000, the population of the planet earth was approximately _____ billion people. |
|
| | A) | 3 |
| | B) | 4 |
| | C) | 5 |
| | D) | 6 |
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9 | |
By 2075, the population of the planet earth is projected to be about ______ billion people. |
|
| | A) | 6 |
| | B) | 7 |
| | C) | 8 |
| | D) | 9 |
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10 | |
Which of the following is included in the legal environment of business? |
|
| | A) | Regulation |
| | B) | Legislation |
| | C) | Litigation |
| | D) | All of the above |
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11 | |
In the United States, government spending was about _____ percent of GDP in 1998. |
|
| | A) | 15 |
| | B) | 25 |
| | C) | 33 |
| | D) | 50 |
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12 | |
Which of the following is an example of the economic environment of a business? |
|
| | A) | Wages |
| | B) | Interest rates |
| | C) | Currency fluctuations |
| | D) | All of the above |
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13 | |
In 2002, about how many countries of the world existed under a democracy? |
|
| | A) | 10 |
| | B) | 30. |
| | C) | 80 |
| | D) | 120 |
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14 | |
Voluntarily-adopted codes of conduct that define rules in which business is conducted are known as: |
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| | A) | trade unions. |
| | B) | soft laws. |
| | C) | cultures. |
| | D) | hard laws. |
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15 | |
a system of shared knowledge, values, norms and customs that are acquired by social learning is known as a(n): |
|
| | A) | culture. |
| | B) | set of soft laws. |
| | C) | natural environment. |
| | D) | internal environment. |
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16 | |
When the Gini coefficient is used as a measure of inequality, _____ is perfect equality and _____ is absolute inequality. |
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| | A) | 0; 1 |
| | B) | 1; 0 |
| | C) | 2; -2 |
| | D) | -1; 1 |
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17 | |
In the economic realm, the development of an integrated commercial system based on free markets for foreign trade and capital investments is known as: |
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| | A) | technology. |
| | B) | globalization. |
| | C) | the dominance effect. |
| | D) | a nation-state. |
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18 | |
A set of reinforcing beliefs and values that build a worldview is known as a(n): |
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| | A) | social program. |
| | B) | ideology. |
| | C) | nation-state. |
| | D) | market share. |
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19 | |
The belief that hard work, saving, and honesty is the road to salvation is part of: |
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| | A) | capitalism. |
| | B) | social Darwinism. |
| | C) | the Protestant ethic. |
| | D) | all of the above. |
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20 | |
Values that are based on the assumptions of affluence are known as ______ values. |
|
| | A) | postmodern |
| | B) | modern |
| | C) | ecosystem |
| | D) | generic |