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| 1 | |
A plausible story of the future based on assumptions about how current trends might play out is a(n): |
| | A) | ideology. |
| | B) | historical force. |
| | C) | scenario. |
| | D) | value. |
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| 2 | |
An economic policy of lowering tariffs and other barriers to encourage trade is: |
| | A) | industrial revolution. |
| | B) | deregulation. |
| | C) | populism. |
| | D) | liberalization. |
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| 3 | |
An environmental force of unknown origin and mysterious action that provides the energy for events is known as: |
| | A) | a scenario. |
| | B) | globalization. |
| | C) | a historical force. |
| | D) | an ideology. |
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| 4 | |
Which of the following terms refers to transforming changes that turn agricultural economies into industrial economies? |
| | A) | Industrial revolution |
| | B) | Historical force |
| | C) | Liberalization |
| | D) | Globalization |
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| 5 | |
Britain was one of the earliest countries to undergo industrial transformation because of all of the following reasons EXCEPT: |
| | A) | it was first to have the right mix of social, political, and economic supports. |
| | B) | it was an open society that allowed social mobility. |
| | C) | its parliament embodied values of political liberty, free speech, and public debate. |
| | D) | it placed emphasis on collective initiative. |
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| 6 | |
A statistical measure of inequality in which 0 is perfect equality and 100 is absolute inequality is known as a(n): |
| | A) | GDP index. |
| | B) | Gini index. |
| | C) | HD index. |
| | D) | GDI index. |
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| 7 | |
Which of the following statements about inequality is true? |
| | A) | Economic growth increases income inequality within modernizing nations. |
| | B) | The cause of most of the rise in world income inequality is a growing separation of rich and poor within nations. |
| | C) | Economic growth has increased the proportion of the poor in the total population. |
| | D) | It is perpetuated by social institutions such as law and market relationships. |
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| 8 | |
The number of children a woman must have on average to ensure that one daughter survives to reproductive age is known as: |
| | A) | gross reproduction rate. |
| | B) | net fertility rate. |
| | C) | replacement fertility rate. |
| | D) | total fertility rate. |
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| 9 | |
According to the text, population trends have all of the following implications EXCEPT: |
| | A) | overall world growth will be highest in industrialized regions. |
| | B) | growth will continue to strain the earth's ecosystems, especially as industrial activity spreads. |
| | C) | the West is in demographic decline compared with other peoples. |
| | D) | growing non-Western populations will be stronger economically and will push to expand their influence. |
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| 10 | |
In the economic realm, the development of an integrated commercial system based on free markets for foreign trade and capital investments is known as: |
| | A) | liberalization. |
| | B) | globalization. |
| | C) | the dominance effect. |
| | D) | privatization. |
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| 11 | |
All of the following are elements of a nation-state EXCEPT: |
| | A) | ruling authority. |
| | B) | citizens. |
| | C) | a territory with fixed borders. |
| | D) | liberalization. |
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| 12 | |
A set of reinforcing beliefs and values that build a worldview is a(n): |
| | A) | social program. |
| | B) | ideology. |
| | C) | nation-state. |
| | D) | historical force. |
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| 13 | |
The belief that hard work, saving, and honesty is the road to salvation is part of: |
| | A) | imperialism. |
| | B) | social Darwinism. |
| | C) | Protestant ethic. |
| | D) | progressivism. |
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| 14 | |
The sifting of ideas accelerated in the twentieth century because of: |
| | A) | convergence of cultural styles. |
| | B) | growth of democracy. |
| | C) | rising literacy and innovations. |
| | D) | social Darwinism. |
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| 15 | |
All of the following are forces of the economic environment that influence market operations EXCEPT: |
| | A) | interest rates. |
| | B) | wages. |
| | C) | legislation. |
| | D) | competitors' actions. |
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| 16 | |
This is capital that is invested by private companies outside of their home countries. |
| | A) | HDI |
| | B) | Foreign direct investment |
| | C) | Gini |
| | D) | Foreign indirect investment |
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| 17 | |
According to the text, _____ allows manipulation of objects the size of atoms. |
| | A) | microtechnology |
| | B) | nanotechnology |
| | C) | nuclear technology |
| | D) | materials engineering |
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| 18 | |
Values that are based on the assumptions of affluence are known as: |
| | A) | postmodern values. |
| | B) | traditional values. |
| | C) | ecosystem values. |
| | D) | generic values. |
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| 19 | |
Which of the following is included in the legal environment of business? |
| | A) | Regulation |
| | B) | Liberalization |
| | C) | Postmodernism |
| | D) | Wiki principle |
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| 20 | |
Voluntarily-adopted codes of conduct that that set forth rules for corporate behavior based on emerging international standards of conduct are known as: |
| | A) | traditional laws. |
| | B) | soft laws. |
| | C) | reflexive laws. |
| | D) | hard laws. |
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