BBB4M Final Exam Revision

A Centrally Planned Economy is:

• A system where stock holder can make large dividends.

• An economic system where industry plans and regulate how much to produce.

• An economy in which the government regulates the amount, distribution, and price of goods and services.

• A free market system where distribution is run out of one city.

 Currency Devaluation is:

• None of the above.

• When a large multinational company purchases a lot of currency in a country in order to control the economy of that country.

• The reduction by a government of the value of its currency relative to currencies of other nations.

• The amount of money you lose when you exchange a weaker currency for a stronger one.

Economic Imperialism is the:

• Policy or act of extending the rule or authority of one country over other countries by dominating those countries' economic structures.

• Act of being pious when dealing with third world countries.

• Policy of Microsoft when it comes to dealing with small companies.

• Act of taking over other companies in a specific industry.

Equilibrium is the point:

• At which a business can sell its product at a profit and where the consumers agree to pay the asking price.

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  A balance point between profit and expenditure.

• Where the number of employee's is sufficient for production.

• At which products are arriving for consumption when they are needed.

Expropriation is:

• A corporate takeover of a competing company.

• None of the above.

• To take control and ownership (usually by governments) of land, property, assets, or a private enterprise, whether domestic or foreign

• An attempt to take over a small country to make it a corporate headquarters.

Foreign investment is the:

• When you invest in a company that is not Canadian.

• Purchase by non-residents of business enterprises, land, shares, and any other assets with the potential for financial return.

• When you open a bank account at a foreign bank such as ING bank.

• Purchase of property, etc, by someone not from your town.

A mixed economy is an:

• Economy that combines government involvement and private ownership of businesses has aspects of both market and centrally planned economic systems.

• None of the above.

• Economy that is unstable because it is mixed up and lacking foreign investment.

• Economy in which many businesses control the economic outlook of the country.

A think TanK organization, institution or group

• That deals in the production to military equipment.​

• That ensures all tanks in a country measure to a proper size

• Run by the government in specific countries to organize imports and exports.

• That studies and researches specific topics and issues often of an economic and political nature.

Totalitarian:

• Government with centralized power that often uses the military to control the country.

• A movement in industry to reduce regulations on production

• The total of all goods and services produced in a country.​

• The act of totaling the profit a company has made in a fiscal year.

Transfer Risk

• A risk all individuals take when they transfer property ownership

• The risk an investor takes when they transfer investments from one institution to another.

• The possibility that government policy may adversely affect currency exchange rates

• A risk of obtaining a computer virus that could affect a corporate computer structure