Page 32

74

165.

Chapter 2: Economics: The Framework for Business

_____ is the process of converting government-owned businesses to private ownership. a) Privatization b) Globalization c) Competition d) Collusion ANS: NAT: TOP: KEY:

166.

OBJ:

2-5

D DIF: Challenging REF: BUSPROG: Reflective Thinking Mixed Economies: The Story of the Future Bloom’s Analysis

Pages 31-32

OBJ:

2-5

In recent years, the most common reason for tax reforms in formerly planned economies has been to a) create a more equal distribution of income. b) create new incentives for domestic and foreign investment. c) eliminate the threat of hyperinflation. d) protect the environment. ANS: NAT: TOP: KEY:

168.

Page 31

The government of Puritania has begun a program to restructure the economy, with a goal of moving toward a more market-oriented system. Which of the following is LEAST likely to occur as the result of this restructuring? a) A rise in social unrest as citizens try to adjust to the economic reforms. b) Privatization of formerly government-owned enterprises. c) Cuts in social programs such as free healthcare and unemployment benefits. d) Slower rates of economic growth and lower standards of living for the majority of citizens. ANS: NAT: TOP: KEY:

167.

A DIF: Easy REF: BUSPROG: Communication Mixed Economies: The Story of the Future Bloom’s Knowledge

B DIF: Easy REF: BUSPROG: Communication Mixed Economies: The Story of the Future Bloom’s Knowledge

Page 32

OBJ:

2-5

What best describes the trend in mixed economies? a) Most socialized economies at the leading edge of economic sensibility are being restructured toward free market principles in the interest of sustainability. b) Most economies are abandoning capitalist principles and economic rights in favor of a more socialized approach. c) The trend in first world societies is toward social justice issues like free healthcare and green technology, both proven sustainable approaches to economics. d) The trend is toward the Keynesian approach to centrally planned, demand-side models of the economy, because these have historically proven themselves to work best. ANS: NAT: TOP: KEY:

A DIF: Challenging REF: BUSPROG: Reflective Thinking Mixed Economies: The Story of the Future Bloom’s Synthesis

Page 32

OBJ:

2-5

© 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Profile for mansour.m83m

Test Bank for BUSN 5 5th Kelly  

Test Bank BUSN 5 5th Edition Kelly 2013 (Test Bank Download) (9781111826734) (1111826730). Instant access. All chapter are included. All fil...

Test Bank for BUSN 5 5th Kelly  

Test Bank BUSN 5 5th Edition Kelly 2013 (Test Bank Download) (9781111826734) (1111826730). Instant access. All chapter are included. All fil...