UTAH VALLEY UNIVERSITY ECONOMICS STUDY PRACTICE QUESTIONS, Quizzes of Economics

Download UTAH VALLEY UNIVERSITY ECONOMICS STUDY PRACTICE QUESTIONS and more Quizzes Economics in PDF only on Docsity! UTAH VALLEY UNIVERSITY ECONOMICS STUDY PRACTICE QUESTIONS 100 % CORRECT ANSWERS A lot of analysts strongly believe that international investment cannot bring us to a closer, more economically integrated society. Select one: True What Internet-based communication platforms have made it much simpler for people to connect with others that have the same personal or professional interests? Select one: • Websites and blogs • Emailing and instant messaging systems • Social networking websites Over the past decades, the successful expansion of international trade has been a dominant cause and effect of globalization. Select one: False The World-Polity Theory of globalization is explained by: Select one: • A desire for stricter environmental regulations • Economic greed • A desire to learn from indigenous cultures Over the years that have passed, what type of investment has grown at a substantial rate, outpacing both world economic productions in general or international trade? Select one: • Direct investments • Venture capital • Foreign investments International trade is known to bring the following disruptions: Select one: a. Agricultural, political, and business c. Social, business, and cultural d. None of the above What advancements have revolutionized the using and sharing of information amongst people, for personal, commercial, and even political reasons? Select one: • Web 2.0 applications • Both A and B • None of the above International trade has sparked economic growth worldwide by doing all of the following except: Select one: • Raising incomes levels • Creation of new jobs d. Reducing prices of goods changing the way people live their lives nowadays. Select one: • Smartphones are • Both A and C The World Bank looks into issues like: Select one: • Building roads and dams • Long-term development • Education An “inalienable right” means: Select one: a. An individual cannot make the decision to give up their own human rights that they are entitled to c. Even if a given human right is protected in one nation, it may not be in another one d. All of the above In terms of rights, one well-known yet controversial political move, was when France banned from schools, which made many people uneasy about the policy. Select one: a. cellphones c. the Internet d. mini skirts The concept of genocide as a distinct crime did not exist prior to World War II. Select one: False Negative liberty deals with: Select one: • liberal and social rights • social and political rights d. economic and cultural rights From this week’s readings, the ICC is an abbreviation for what organization? Select one: a. The International Children’s Court c. The International Code Council d. The Interstate Commerce Commission A controversial Universal Declaration of Human Rights article is the right to freedom of opinion and disinformation. Select one: True In reference to the Universal Declaration of Human Rights, Article 22 is fully aware that countries have various capacity levels, concerning to reach the social and economic goals of the declaration. Select one: • social organization and resources • Both A and B • None of the above The pure intent to eliminate (usually through violent and unjust means) an entire group of people, solely based on identity, is defined as genocide. Select one: False According to this week’s readings, what global non-governmental organization, received a Nobel Peace Prize in the 1970s? Select one: • Human Rights Watch • The International Rescue Committee d. None of the above Which group was created in the early 1990s to oversee and manage activities concerning all United Nations’ agencies that worked on human rights issues. Select one: • The Human Rights Committee • The United Nations Economic and Social Council d. The Commission on Human Rights John Locke stated that natural rights included the right to life, freedom, and property. Select one: False Due to the Rwandan Genocide, and the many atrocities that happened, the United Nations established a tribunal called International Criminal Tribunal for Rwanda. The tribunal was based in . Select one: a. Kigali, Rwanda c. Nairobi, Kenya d. Rumphi, Malawi The concept of genocide as a distinct crime did not exist prior to World • To plan for the development of human rights NGOs • To establish a political strategy for international tourism A complete violation of the laws and customs of war is defined as: Select one: • A battle crime • An international war crime d. A crime against humanity The Geneva Conventions were established with the purpose of establishing basic standards for the humane conduct of war. Select one: False What is one major complaint that is mentioned about both the International Monetary Foundation and the World Bank? Select one: a. These organizations cause high infant mortality rates in underdeveloped and developing countries. c. These organizations cause high unemployment in developing countries. d. These organizations disrupt the education process in developing countries. The World-Polity Theory of globalization is explained by: Select one: • A desire for stricter environmental regulations • Economic greed • A desire to learn from indigenous cultures There are three central activities for the IMF and they include: Select one: • political assistance, economic support, and logistical assistance. • strategy, social assistance, and business support • Both A and C changing the way people live their lives nowadays. Select one: • Smartphones are • The Internet is • Computers are A controversial Universal Declaration of Human Rights article is the right to freedom of opinion and disinformation. Select one: True Over the years that have passed, what type of investment has grown at a substantial rate, outpacing both world economic productions in general or international trade? Select one: • Direct investments • Venture capital d. Both A and C Since the middle of the 19th century, at minimum, two periods of globalization have taken place. Select one: False What Internet-based communication platforms have made it much simpler for people to connect with others that have the same personal or professional interests? Select one: • Websites and blogs • Emailing and instant messaging systems • Social networking websites The pure intent to eliminate (usually through violent and unjust means) an entire group of people, solely based on identity, is defined as genocide. Select one: False International Financial Institutions (IFIs) have been put in place to help manage the global financial system. IFIs have also helped fund and give advice to countries in need, especially concerning their economic structure and policies. Select one: False The concept of genocide as a distinct crime did not exist prior to World War II. Select one: False Over the past decades, the successful expansion of international trade has been a dominant cause and effect of globalization. Select one: d. The United Nations Defense Pact Which of the following is a theory for why development has been slower in some nations: Select one: • Property rights • Lack of freedom • Culture Why is microfinancing an unsuitable concept, according to some critics? Select one: • Various microfinancing companies have been known to have high interest rates, which will only keep the poor in an economically disadvantaged position. • Microfinancing can only be offered to individuals at certain times of the year, which puts a constraint on when a loan can be taken out. • Understanding how the borrowed cash is spent in the microfinancing industry, along with how viable the industry is in general, is hard to track. What clearly dominates the school-level textbooks in the Arabic language, as per evidence stated in a working paper regarding Jordan? Select one: a. Female centered words and images. c. Words and images that are not gender based d. None of the above One noteworthy development initiative, regarding sustainable mariculture took place in Tanzania, where locals were able to harvest edible and . Select one: a. lobster, whale c. fish, lobster d. kelp, crabs Globalization has created new challenges, such as companies selling their goods for , thus making local companies . Select one: a. local, high prices, gain profits c. foreign, cheap, suffer d. None of the Above What countries have been noted as protecting their language, by limiting the number of foreign words in use? Select one: • France • China • Australia What are some characteristics of Asian values? Select one: • These values are seen as much more influential than Western values, for at least half of its followers. • Taking on Confucian concepts of hard work, respecting authority figures, and thrift. • The sense of community is much more important than just the individual person. Portuguese is the least spoken language in the world. Select one: True What reasons are behind American dominance in globalization? Select one: • Having a very sophisticated political system in place. • Having close to 300 million consumers. • Having a wealthy economy. In what ways has Americanism shaped the behaviors of different countries? Select one: • The expansion of McDonalds worldwide, thus influencing the eating behaviors of many. • The way Starbucks has influenced Italy’s way of coffee habits. • The concern of fast food in France, where some think it should not be a part of French society. What American industry has a mix of influential, international individuals involved? Select one: a. the Mining industry c. the Naval industry d. the Telecommunications industry A great number of people believe that if exposed to foreign customs and traditions, that such exposure could undermine the local cultural identity of these people. Select one: False Why have culture and globalization related matters received less attention than other topics up for debate? Select one: a. Partly because cultural topics are often taboo to discuss openly. business, due to . Select one: • large-sized farms, international competition • small-sized farms, food exports • Both A and C In the past, the United States imposed sanctions on countries for having democratic elections take place. Select one: True From this week’s readings, Reich suggests that a new type of globalized professionals have some of the following qualities: Select one: • Have obtained some form of higher education. • Are known to travel internationally. • Can speak foreign languages. Samir Moussa’s father is Lebanese and mother is Peruvian. Select one: True What do critics say about Asian values? Select one: a. The values help promote independent thinking, while keeping authoritarians in power. c. The values encourage the open discussion and importance of creative thinking. d. None of the Above. What language is known to be the most spoken language in the entire world? Select one: • Arabic • Spanish • Russian Foreign media companies never participate in the promotion of American pop culture. Select one: True What does the term disbursement mean? Select one: • Credit that is loaned out. • Cash that is taken in. • Credit that is offered. A report from 2009 discovered it is highly likely that all of the Millennial Development Goals would be met by the target date of 2015. Select one: False What system, is making public records easily accessible, through the use of technology, to those who wish to locate them? Select one: • EZ-Government • E-Access Government • Open Access Government Portuguese is the least spoken language in the world. Select one: True What does the term disbursement mean? Select one: • Credit that is loaned out. • Cash that is taken in. • Credit that is offered. The UNDP is an abbreviation for: Select one: • The United Nations Deferment Package • The United Nations Diplomatic Program d. The United Nations Defense Pact In regards to the transformative technology industry, DFS is an abbreviation for? Select one: • digital financial sectors • division four securities d. digital fiscal sectors What percentage of the world’s population has internet access as of 2014? Select one: a. 10% c. 50% • the Internet and computers d. None of the above Why is microfinancing an unsuitable concept, according to some critics? Select one: • Various microfinancing companies have been known to have high interest rates, which will only keep the poor in an economically disadvantaged position. • Microfinancing can only be offered to individuals at certain times of the year, which puts a constraint on when a loan can be taken out. • Understanding how the borrowed cash is spent in the microfinancing industry, along with how viable the industry is in general, is hard to track. What was the Marshall plan also known as? Select one: a. The European Recovery Package c. The EurAsian Recovery Package d. The Indo-European Recovery Pact An Austrian economist once stated that capitalism is a movement toward: Select one: a. information destructiveness c. creative construction d. None of the above Dead capital is considered to be property that is informally owned, however there is no legal document recognizing this ownership formally exists. Select one: False Developing countries can improve their public health and safety standards by creating proper sewage systems and providing clean water. Select one: False One of the main concerns about the new globalization of culture that is taking place is that: Select one: • It takes away the rights of women • It encourages laziness • It disrupts national political structures What have been some emerging infectious diseases in recent years? Select one: a. avian influenza virus c. cute respiratory syndrome-associated coronavirus d. Both A and C Mobile applications can help users around the world by: Select one: • Help break their cigarette habit. • Help monitor outbreaks of dengue fever. d. None of the Above Remembering to take prescription medicines on a consistent basis can hard task to accomplish for forgetful patients. Though, with mobile technology, new applications can help assist patients by sending them reminders when medicine needs to be taken. Select one: False Tuberculosis is found primarily in rural areas in poorer countries. Select one: False In many African countries in particular, the most skilled and wealthiest segments of the population are often the most likely to become affected by the HIV virus. Select one: False What factor might have influenced the vast spread of HIV/AIDS into our global society? Select one: • Decrease in local trading • Political changes d. Industrialization Worldwide, about one-quarter of TB deaths are associated with HIV. Select one: False International public health officials believe that which of the following are necessary for improving public health: Select one: • Increased restrictions on food exports • Research and quarantine practices d. None of the above What disease has impacted up to 100 million people annually and comes d. None of the above. Campaigners for fairness claim that the overall lack of social and developmental outlook, is due to political decisions supported by the public. Select one: False India’s remarkable economic growth in the past few years has included: Select one: • More car companies and highways • Production of luxury crops • The largest number of hungry people in the world In terms of development, what two factors are key in helping nations grow? Select one: a. Having development on the agenda and average international cooperation. c. Developing businesses on a national level, without the support of international cooperation. d. None of the above Dr. Vandana Shiva established the Research Foundation for Science and Technology and Ecology in Mumbai in 1981. Select one: False In what year was the Universal Declaration of Human Rights adopted? Select one: a. 1947 b. 1958 c. 1951 Emerging technologies have created new professions, as well as industries such as: Select one: • Website designers • Internet access providers • Web-based businesses The Nura River cleanup project in Kazakhstan is estimated to cost: Select one: • лв42.9 trillion • €66.7 million • £56.9 billion Remembering to take prescription medicines on a consistent basis can hard task to accomplish for forgetful patients. Though, with mobile technology, new applications can help assist patients by sending them reminders when medicine needs to be taken. Select one: False Which group was created in the early 1990s to oversee and manage activities concerning all United Nations’ agencies that worked on human rights issues. Select one: • The Human Rights Committee • The United Nations Economic and Social Council d. The Commission on Human Rights Some well-known regional development banks include: Select one: • The Indo-African Development Bank • The External American Development Bank • The Sub-Asian Development Bank What is one way the growing poverty crisis be dealt with properly? Select one: • Suggesting new policies, however not implementing them fully. • Managing old and outdated policies. d. None of the above. During the 13th and 14th century, what disease was spread from Burma’s north to Eastern Europe? Select one: • measles • the measles d. influenza World culture theory of globalization focuses on the way in which participants in the process become conscious of and give meaning to living in the world as a single place. Select one: False There are three central activities for the IMF and they include: Select one: • political assistance, economic support, and logistical assistance. • strategy, social assistance, and business support securely • By enhancing data storage and analysis within financial institutions • By providing market “players” of all sizes access to information regarding investment and borrowing opportunities, performance of companies and financial institutions, and economic trends Global integration in , , and has created a more adequate distribution of economic resources. Select one: • services, goods, and stock markets • automobile, capital, and index markets • Both B and C is when a particular law or right is abolished by a subsequent law which in turn, impairs the power of the initial law or rule. Select one: • Demarcation • Interrogation • Inalienable During the 1950-73 period and were considered to be the most progressive of traders. Select one: a. Australia and Thailand c. Eastern European countries and China d. Both A and B According to poverty statistics by the World Bank, of approximately individuals that live on lower than a day, and account for deaths due to . Select one: • 55%, 1.7 billion, 1 dollar, 30 thousand, famine • 43%, 2.5 million, 2 dollars, 27 thousand, infectious diseases • None of the above According to this week’s readings, by the end of 2008, there were reportedly more than two billion personal computers being used. By the year 2015, four billion personal computers were expected to be in use. Select one: True What reasons are behind American dominance in globalization? Select one: • Having a very sophisticated political system in place. • Having close to 300 million consumers. • Having a wealthy economy. Since the advent of the Internet, what have traditional newspapers, which now have a strong online presence, been actively doing in the cyber world? Select one: a. live chatting c. Both A and B d. None of the above In the most impoverished countries in Africa, the income level per individual has dropped in the past two decades. Select one: a. 50% c. 65% d. 30% Concerning the United States, what budgets have drastically expanded, according to data released in the early 2000s? Select one: • military and security budgets • development budgets • anti-terrorism budgets Various violent confrontations have taken place during certain time periods, when globalization was growing and then flourishing. What war, which took place in the early 1970s, helped trigger oil prices to increase? Select one: a. The Balkan War c. The Yom Kippur War d. The Greek Civil War Over the past decades, the successful expansion of international trade has been a dominant cause and effect of globalization. Select one: False The right to leisure and to rest is part of the Universal Declaration of Human Rights. Select one: False Which of the following is one of the Millennial Development Goals? Select one: • Promote public education • Monitor the child mortality rate • Acknowledge the existence of deadly diseases What groups have been known to sponsor distance learning-initiatives? In what year was the Universal Declaration of Human Rights adopted? Select one: a. 1947 b. 1958 c. 1951 Due to advancements in the IT field, the healthcare industry has also received a boost. In fact, many patients are now able to view their medical records online, through a secured website on the Internet. Select one: False In Unit 8 readings, SAPs are mentioned. What is SAPs an abbreviation for? Select one: a. Structural Advancement Programs c. Structural Adjustment Products d. None of the Above When the International Monetary Foundation was founded, the organization additionally operated the international exchange system based on that the IMF’s member countries took a pledge to. Select one: • silver reserves • copper d. diamonds The Green Revolution that was introduced in India in 1965 was a movement toward more sustainable and organic farming practices. Select one: False Official Development Assistance receives far greater funds than the military budget concerning donor countries. Select one: True In a globalized world, having a competitive edge is key to dominating an industry. To stay competitive, this oftentimes means business owners outsource from different countries. Select one: • Goods • Labor d. None of the Above In what ways has Americanism shaped the behaviors of different countries? Select one: • The expansion of McDonalds worldwide, thus influencing the eating behaviors of many. • The way Starbucks has influenced Italy’s way of coffee habits. • The concern of fast food in France, where some think it should not be a part of French society. From this week’s readings, the ICC is an abbreviation for what organization? Select one: a. The International Children’s Court c. The International Code Council d. The Interstate Commerce Commission The World-Polity Theory of globalization is explained by: Select one: • A desire for stricter environmental regulations • Economic greed • A desire to learn from indigenous cultures For developing countries, what organization is currently the most significant public option of financial investment concerning projects in the private sector? Select one: • The International Center for Settlement of Investment Disputes • The International Finance Corporation • The Multilateral Investment Guarantee Agency The Geneva Conventions were established with the purpose of establishing basic standards for the humane conduct of war. Select one: False What Internet-based communication platforms have made it much simpler for people to connect with others that have the same personal or professional interests? Select one: • Websites and blogs • Emailing and instant messaging systems • Social networking websites It is highly suggested that because of humans moving throughout time and resettling onto new territory, that a minimum of have emerged in the past . Select one: • 20 new diseases, three decades A controversial Universal Declaration of Human Rights article is the right to freedom of opinion and disinformation. Select one: True What do critics say about Asian values? Select one: a. The values help promote independent thinking, while keeping authoritarians in power. c. The values encourage the open discussion and importance of creative thinking. d. None of the Above. Some nations are much richer than others, because the people from those nations are more intelligent than those from the poorer countries. Select one: True An international economic framework is needed so that global equality cannot be reached, and therefore basic needs are impossible to promise to a society. Select one: True According to Unit 4 readings, as of 2010 alone, there were approximately . Select one: • 152 billion websites • 100 thousand Internet service providers worldwide • Both A and C What kind of innovation poses a serious threat to employment in developing economies’ advantage in the market, which is being able to provide cheap labor? Select one: • Younger people taking older people’s jobs • Animals taking people’s jobs d. Both A and C A key lesson from history has shown us that globalization Select one: • has always been a smooth procedure. • has never been an accepted concept. • has sometimes been a smooth procedure. Globalization is currently widely celebrated as a new birth of freedom. Select one: True A lot of analysts strongly believe that international investment cannot bring us to a closer, more economically integrated society. Select one: True The World Bank Group has helped put in place reform, in the Philippines, that cuts the registration time for new vessels down quite drastically. This measure has resulted in: Select one: • Incumbent operators unable to prevent brand new companies in serving specific paths • More vessel owners completing registration • Less paperwork for incumbent operators to handle According to the Unit 7 readings, what two diseases can be found mainly in poor countries? Select one: • tuberculosis and malaria • cholera and malaria d. Influenza and malaria The Bretton Woods Conference mapped out seven goals for the International Monetary Foundation through a document called the Articles of Achievement. Select one: True The World Bank advises that countries take on certain policies, to develop in an effective way. These policies do not include: Select one: • Making improvements to the roads • Investing in the health and education sector d. Encouraging human rights Many events have happened, that have impacted globalization on some level. One of those events was the decolonization of Africa that Select one: • Expanding the idea of womenomics, through a country- wide campaign. • Leaders who encourage and promote the idea of womenomics should be identified. • A new curriculum that would promote the idea of employing female workers. Investment has the power to alter the way of production, via , and can, therefore, create more change than just the trading of materials. Select one: a. Energy, economic, and cultural styles c. Agricultural, management, and political moves d. None of the above Approximately of aid is tied down to conditions, from the countries who provide the funds. Select one: a. 48% b. 55% c. 77% Standards that regulate or fail to regulate foreign flows of investment, can have a powerful and lasting impact on issues regarding: Select one: • Labor regulations • Political and economic stability • All of the above Genetically modified organisms are controversial because: Select one: • They are more resistant to parasites • They grow faster d. None of the above Unmanned devices, such as autonomous cars and unmanned drones, are not changing the transportation industry, nor is it changing the behavior of societies on a global level. Select one: True Which country is the International Monetary Foundation’s major shareholder? Select one: a. The United Kingdom c. The Kingdom of Saudi Arabia d. None of the above In a 2017 United Nations’ report, it was estimated that the global population will reach in the year . Select one: • 10 billion, 2050 • 8.7 billion, 2045 d. 50 billion, 2020 What is GDP an abbreviation for? Select one: • Green Domestic Project • Gross Domain Product • General Domestic Purchase Which country or countries did not receive the highest amount of aid in the Marshall Plan? Select one: • Great Britain • the Netherlands • France What is the purpose of microbanks? Select one: • To help the wealthy invest in small businesses. • To develop a region, by encouraging big businesses to invest in smaller ones. d. None of the above. Generally speaking, what are the responsibilities of a knowledge worker? Select one: • delegates and gathers information • gathers and manipulates information • Both B and C