1st Semester Final Exam - Part 2: Question Preview (ID: 22615)


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No commerce or trade with a certain country is an attempt to isolate the country and make the economy suffer, putting the government in a bad situation called;
a) Entrepreneurship b) Embargo c) Capitalism d) Specialization
Used to fix the quality of a particular good that foreign producers may bring into a country is called;
a) Quotas b) Tariffs c) Human Capital d) Exchange Rate
People who start businesses by using their own finances and ideas, while taking all the risk are called;
a) Capitalist b) Specializationists c) Embargoist d) Entrepreneurs
The set of skills which an employee acquires on the job, through training and experience is called;
a) Exchange Rate b) Quotas c) Human Capital d) Tariffs
What is the relationship between investment IN Human Capital (education and training) and GDP?
a) There is no proven relationship between the two. b) A high GDP is responsible for all Human Capital. c) The better trained and educated a people are the higher the GDP will be. d) GDP and Human Capital are one and the same.
What is the relationship between investment in capital (factories, machinery, and technology) and Gross Domestic Product (GDP)?
a) One is completely separate from the other. b) GDP determines human capital which determines exchange rate which determines capital. c) One drives the other, the more you invest in capital the higher the GDP will be. d) GDP is based on the individual, capital is based on foreign countries.
What is the difference between an ethnic group and a religious group?
a) You can't choose your ethnic group but you can choose your religious group. b) You can choose your ethnic group but not your religious group. c) You can choose both your ethnic group and religious group. d) You can pick your friend, you can pick your nose, but you CANNOT pick your friend's nose.
How did European partitioning in SW Asia (Middle East) after the break up of the Ottoman Empire lead to regional conflicts?
a) Allies created new boundaries with total consideration of local geography, tribal affiliation, or national identity. b) Allies created new boundaries with NO consideration of local geography, tribal affiliation, or national identity. c) Allies left boundaries the way they were before WWI (The Great War). d) Allies allowed local leaders to partition the SW Asia region.
A duty (tax) imposed on goods when they are moved across a political boundary is called;
a) Quotas b) Human Capital c) Tariffs d) Exchange Rates
How are the religions of the Arabs, Persians, and Kurds diverse?
a) Each has its own unique religion. b) All three are religious groups. c) All three are ethnic groups with many different religions. d) All three are ethnic groups with the same religion.
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