SELE QUIZZES

LO1

1. What below does NOT describe a Knowledge Economy?

1. Technical Innovation
2. Scientific Innovation
3. Knowledge Intensive
4. Personal Consumption Expenditure

2. Foreign Direct Investments are good for development. This statement is true or false. a. True

b. False

3. The correct definition for Macroeconomics?

1. Branch of economics that analyzes the decisions of individual customers
2. Branch of economics that focuses on production capacity
3. Branch of economics that focuses on overall economic activity
4. None of the above

4. Which is a driver of FDI's?

1. Natural Resources
2. Industry
3. Financial Sector
4. The government

5. How many types of market structures exist?

1. 3
2. 4
3. 8
4. 6

6. The PESTLE Analysis model is an internal tool or external tool?

1. External
2. Internal

LO2

1. What are the 3 main types of legal systems? Select all the correct answers.

1. Common Law
2. Religious Law
3. Civil Law
4. None of the Above

2. Which of the below is a way in which the government intervenes in trade?

1. Free-trade zone
2. Tariffs
3. Import Quotas & VER
4. Currency controls

3. Counterfeit products are the original products?

1. True
2. False

4. The Trips agreement is a convention signed in:

1. Unilateral
2. Bilateral
3. Both

5. What is included as part of Intellectual Property Protection?

1. Patent
2. Copyright
3. Trademark
4. Trade Secret
5. All of the above

LO3 & LO4

1. Which is the most common form of government?

1. Anarchism
2. Totalitarianism
3. Pluralism
4. Democracy

2. Restraints to trade is an Antitrust Law Violation. True or False?

1. True
2. False

3. Which is the economic system where the production systems are privately owned?

1. Mixed economy
2. Planned economy
3. Capitalism
4. None of the Above

4. The Nazi Party is a clear example of which type of political philosophy?

1. Democracy
2. Anarchism
3. Totalitarianism
4. None of the above