{"id":125809,"date":"2026-05-12T03:45:03","date_gmt":"2026-05-12T03:45:03","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=125809"},"modified":"2026-05-12T03:45:07","modified_gmt":"2026-05-12T03:45:07","slug":"wgu-global-economics-for-managers-exam-dumps-v8-02-the-latest-resource-for-completing-the-global-economics-for-managers-course-2026","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/wgu-global-economics-for-managers-exam-dumps-v8-02-the-latest-resource-for-completing-the-global-economics-for-managers-course-2026.html","title":{"rendered":"WGU Global Economics for Managers Exam Dumps (V8.02) &#8211; The Latest Resource for Completing the Global Economics for Managers Course 2026"},"content":{"rendered":"\n<p>The WGU Global Economics for Managers course tests how economic tools, techniques, and indicators can be used for solving organizational problems related to competitiveness, productivity, and growth. You will explore the management implications of a variety of economic concepts and effective strategies to make decisions within a global context. To help you complete this course, DumpsBase has the latest Global Economics for Managers exam dumps (V8.02), which simplify the complexity by providing expertly developed questions that align perfectly with official WGU objectives. You can achieve success with DumpsBase now. Earning your WGU Global Economics for Managers certification is a powerful way to validate your professional expertise. With the structured exam questions, realistic simulations, and flexible tools provided by DumpsBase, you aren&#8217;t just studying harder\u2014you\u2019re studying smarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Verify the latest Global Economics for Managers dumps by reading our free dumps:<\/h2>\n\n\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam12254\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-12254\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-12254\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-478995'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which scenario demonstrates a monopoly created by a resource?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='478995' \/><input type='hidden' id='answerType478995' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478995[]' id='answer-id-1851017' class='answer   answerof-478995 ' value='1851017'   \/><label for='answer-id-1851017' id='answer-label-1851017' class=' answer'><span>A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478995[]' id='answer-id-1851018' class='answer   answerof-478995 ' value='1851018'   \/><label for='answer-id-1851018' id='answer-label-1851018' class=' answer'><span>A software company copyrights the code for new software.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478995[]' id='answer-id-1851019' class='answer   answerof-478995 ' value='1851019'   \/><label for='answer-id-1851019' id='answer-label-1851019' class=' answer'><span>An author copyrights a new book.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478995[]' id='answer-id-1851020' class='answer   answerof-478995 ' value='1851020'   \/><label for='answer-id-1851020' id='answer-label-1851020' class=' answer'><span>A new rare jewel is found, and only one mine in the world has it.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-478996'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>What is true about tariffs?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='478996' \/><input type='hidden' id='answerType478996' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478996[]' id='answer-id-1851021' class='answer   answerof-478996 ' value='1851021'   \/><label for='answer-id-1851021' id='answer-label-1851021' class=' answer'><span>They increase the quantity of imports.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478996[]' id='answer-id-1851022' class='answer   answerof-478996 ' value='1851022'   \/><label for='answer-id-1851022' id='answer-label-1851022' class=' answer'><span>They increase the domestic quantity demanded.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478996[]' id='answer-id-1851023' class='answer   answerof-478996 ' value='1851023'   \/><label for='answer-id-1851023' id='answer-label-1851023' class=' answer'><span>They encourage consumers to reduce their consumption.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478996[]' id='answer-id-1851024' class='answer   answerof-478996 ' value='1851024'   \/><label for='answer-id-1851024' id='answer-label-1851024' class=' answer'><span>They lower the price of affected imported goods below the world price.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-478997'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>What are common types of barriers to entry that can cause a monopoly? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_3' value='478997' \/><input type='hidden' id='answerType478997' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478997[]' id='answer-id-1851025' class='answer   answerof-478997 ' value='1851025'   \/><label for='answer-id-1851025' id='answer-label-1851025' class=' answer'><span>Elastic demand curves<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478997[]' id='answer-id-1851026' class='answer   answerof-478997 ' value='1851026'   \/><label for='answer-id-1851026' id='answer-label-1851026' class=' answer'><span>Economies of scale in the production process<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478997[]' id='answer-id-1851027' class='answer   answerof-478997 ' value='1851027'   \/><label for='answer-id-1851027' id='answer-label-1851027' class=' answer'><span>Government regulations prohibiting foreign investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478997[]' id='answer-id-1851028' class='answer   answerof-478997 ' value='1851028'   \/><label for='answer-id-1851028' id='answer-label-1851028' class=' answer'><span>Employee unions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478997[]' id='answer-id-1851029' class='answer   answerof-478997 ' value='1851029'   \/><label for='answer-id-1851029' id='answer-label-1851029' class=' answer'><span>Government regulations granting exclusive production rights<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478997[]' id='answer-id-1851030' class='answer   answerof-478997 ' value='1851030'   \/><label for='answer-id-1851030' id='answer-label-1851030' class=' answer'><span>A firm purchasing competitors<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-478998'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>What is one characteristic of a market shortage?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='478998' \/><input type='hidden' id='answerType478998' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478998[]' id='answer-id-1851031' class='answer   answerof-478998 ' value='1851031'   \/><label for='answer-id-1851031' id='answer-label-1851031' class=' answer'><span>Price is greater than the equilibrium price.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478998[]' id='answer-id-1851032' class='answer   answerof-478998 ' value='1851032'   \/><label for='answer-id-1851032' id='answer-label-1851032' class=' answer'><span>Quantity demanded is less than equilibrium quantity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478998[]' id='answer-id-1851033' class='answer   answerof-478998 ' value='1851033'   \/><label for='answer-id-1851033' id='answer-label-1851033' class=' answer'><span>There is downward pressure on price.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-478998[]' id='answer-id-1851034' class='answer   answerof-478998 ' value='1851034'   \/><label for='answer-id-1851034' id='answer-label-1851034' class=' answer'><span>Quantity supplied is less than equilibrium quantity.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-478999'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>What are characteristics of a market economy? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_5' value='478999' \/><input type='hidden' id='answerType478999' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478999[]' id='answer-id-1851035' class='answer   answerof-478999 ' value='1851035'   \/><label for='answer-id-1851035' id='answer-label-1851035' class=' answer'><span>It is defined by a government taking the authoritative role in the economy.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478999[]' id='answer-id-1851036' class='answer   answerof-478999 ' value='1851036'   \/><label for='answer-id-1851036' id='answer-label-1851036' class=' answer'><span>It was first noted by Adam Smith in The Wealth of Nations in 1776.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478999[]' id='answer-id-1851037' class='answer   answerof-478999 ' value='1851037'   \/><label for='answer-id-1851037' id='answer-label-1851037' class=' answer'><span>Supply, demand, and pricing are planned by the government.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478999[]' id='answer-id-1851038' class='answer   answerof-478999 ' value='1851038'   \/><label for='answer-id-1851038' id='answer-label-1851038' class=' answer'><span>It found a near ideal in China and the former Soviet Union during communism.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478999[]' id='answer-id-1851039' class='answer   answerof-478999 ' value='1851039'   \/><label for='answer-id-1851039' id='answer-label-1851039' class=' answer'><span>It is characterized by the \u201cinvisible hand\u201d of market forces.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-478999[]' id='answer-id-1851040' class='answer   answerof-478999 ' value='1851040'   \/><label for='answer-id-1851040' id='answer-label-1851040' class=' answer'><span>Factors of production are government-owned or state-owned.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-479000'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>When there is an expectation of lower income in the future, what is the effect on the demand curve for a normal good?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='479000' \/><input type='hidden' id='answerType479000' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479000[]' id='answer-id-1851041' class='answer   answerof-479000 ' value='1851041'   \/><label for='answer-id-1851041' id='answer-label-1851041' class=' answer'><span>The demand curve shifts left.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479000[]' id='answer-id-1851042' class='answer   answerof-479000 ' value='1851042'   \/><label for='answer-id-1851042' id='answer-label-1851042' class=' answer'><span>The demand curve shifts right.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479000[]' id='answer-id-1851043' class='answer   answerof-479000 ' value='1851043'   \/><label for='answer-id-1851043' id='answer-label-1851043' class=' answer'><span>The demand curve shifts up.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479000[]' id='answer-id-1851044' class='answer   answerof-479000 ' value='1851044'   \/><label for='answer-id-1851044' id='answer-label-1851044' class=' answer'><span>The demand curve shifts down.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-479001'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Institutions exist to reduce uncertainty. An institutional framework is made up of two types of systems. <br \/>\r<br>What are the systems? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_7' value='479001' \/><input type='hidden' id='answerType479001' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479001[]' id='answer-id-1851045' class='answer   answerof-479001 ' value='1851045'   \/><label for='answer-id-1851045' id='answer-label-1851045' class=' answer'><span>Cognitive<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479001[]' id='answer-id-1851046' class='answer   answerof-479001 ' value='1851046'   \/><label for='answer-id-1851046' id='answer-label-1851046' class=' answer'><span>Informal<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479001[]' id='answer-id-1851047' class='answer   answerof-479001 ' value='1851047'   \/><label for='answer-id-1851047' id='answer-label-1851047' class=' answer'><span>Firm<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479001[]' id='answer-id-1851048' class='answer   answerof-479001 ' value='1851048'   \/><label for='answer-id-1851048' id='answer-label-1851048' class=' answer'><span>Normative<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479001[]' id='answer-id-1851049' class='answer   answerof-479001 ' value='1851049'   \/><label for='answer-id-1851049' id='answer-label-1851049' class=' answer'><span>Formal<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479001[]' id='answer-id-1851050' class='answer   answerof-479001 ' value='1851050'   \/><label for='answer-id-1851050' id='answer-label-1851050' class=' answer'><span>Personal<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-479002'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>What is the profit maximization condition for a monopoly?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='479002' \/><input type='hidden' id='answerType479002' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479002[]' id='answer-id-1851051' class='answer   answerof-479002 ' value='1851051'   \/><label for='answer-id-1851051' id='answer-label-1851051' class=' answer'><span>When price equals marginal cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479002[]' id='answer-id-1851052' class='answer   answerof-479002 ' value='1851052'   \/><label for='answer-id-1851052' id='answer-label-1851052' class=' answer'><span>When marginal revenue equals marginal cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479002[]' id='answer-id-1851053' class='answer   answerof-479002 ' value='1851053'   \/><label for='answer-id-1851053' id='answer-label-1851053' class=' answer'><span>When total revenue is maximized<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479002[]' id='answer-id-1851054' class='answer   answerof-479002 ' value='1851054'   \/><label for='answer-id-1851054' id='answer-label-1851054' class=' answer'><span>When marginal cost is minimized<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-479003'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Which characteristic is attributed to totalitarianism?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='479003' \/><input type='hidden' id='answerType479003' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479003[]' id='answer-id-1851055' class='answer   answerof-479003 ' value='1851055'   \/><label for='answer-id-1851055' id='answer-label-1851055' class=' answer'><span>It contains some political risk, but risk that is qualitatively lower than in other political systems.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479003[]' id='answer-id-1851056' class='answer   answerof-479003 ' value='1851056'   \/><label for='answer-id-1851056' id='answer-label-1851056' class=' answer'><span>It prizes an individual's right to freedom of expression and organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479003[]' id='answer-id-1851057' class='answer   answerof-479003 ' value='1851057'   \/><label for='answer-id-1851057' id='answer-label-1851057' class=' answer'><span>It gives citizens the right to elect representatives to govern on their behalf.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479003[]' id='answer-id-1851058' class='answer   answerof-479003 ' value='1851058'   \/><label for='answer-id-1851058' id='answer-label-1851058' class=' answer'><span>It delegates absolute political control over the population to one person or party.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-479004'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>What are costs to home countries of foreign direct investment (FDI)? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_10' value='479004' \/><input type='hidden' id='answerType479004' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479004[]' id='answer-id-1851059' class='answer   answerof-479004 ' value='1851059'   \/><label for='answer-id-1851059' id='answer-label-1851059' class=' answer'><span>Job loss<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479004[]' id='answer-id-1851060' class='answer   answerof-479004 ' value='1851060'   \/><label for='answer-id-1851060' id='answer-label-1851060' class=' answer'><span>Reduced standard of living<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479004[]' id='answer-id-1851061' class='answer   answerof-479004 ' value='1851061'   \/><label for='answer-id-1851061' id='answer-label-1851061' class=' answer'><span>Cultural disintegration<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479004[]' id='answer-id-1851062' class='answer   answerof-479004 ' value='1851062'   \/><label for='answer-id-1851062' id='answer-label-1851062' class=' answer'><span>Capital outflow<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479004[]' id='answer-id-1851063' class='answer   answerof-479004 ' value='1851063'   \/><label for='answer-id-1851063' id='answer-label-1851063' class=' answer'><span>Loss of sovereignty<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479004[]' id='answer-id-1851064' class='answer   answerof-479004 ' value='1851064'   \/><label for='answer-id-1851064' id='answer-label-1851064' class=' answer'><span>Loss of intellectual property<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-479005'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Point A is on the same indifference curve as Point B. <br \/>\r<br>What can be said about the points?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='479005' \/><input type='hidden' id='answerType479005' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479005[]' id='answer-id-1851065' class='answer   answerof-479005 ' value='1851065'   \/><label for='answer-id-1851065' id='answer-label-1851065' class=' answer'><span>Point B represents a bundle that costs more than Point<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479005[]' id='answer-id-1851066' class='answer   answerof-479005 ' value='1851066'   \/><label for='answer-id-1851066' id='answer-label-1851066' class=' answer'><span>The consumer\u2019s preference for bundle A is the same as for bundle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479005[]' id='answer-id-1851067' class='answer   answerof-479005 ' value='1851067'   \/><label for='answer-id-1851067' id='answer-label-1851067' class=' answer'><span>The consumer prefers bundle A over bundle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479005[]' id='answer-id-1851068' class='answer   answerof-479005 ' value='1851068'   \/><label for='answer-id-1851068' id='answer-label-1851068' class=' answer'><span>Point A represents a bundle that costs more than Point<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-479006'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>When supply increases and demand stays the same, what happens to the equilibrium point of price and quantity?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='479006' \/><input type='hidden' id='answerType479006' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479006[]' id='answer-id-1851069' class='answer   answerof-479006 ' value='1851069'   \/><label for='answer-id-1851069' id='answer-label-1851069' class=' answer'><span>Quantity increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479006[]' id='answer-id-1851070' class='answer   answerof-479006 ' value='1851070'   \/><label for='answer-id-1851070' id='answer-label-1851070' class=' answer'><span>Price increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479006[]' id='answer-id-1851071' class='answer   answerof-479006 ' value='1851071'   \/><label for='answer-id-1851071' id='answer-label-1851071' class=' answer'><span>Price remains the same<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479006[]' id='answer-id-1851072' class='answer   answerof-479006 ' value='1851072'   \/><label for='answer-id-1851072' id='answer-label-1851072' class=' answer'><span>Quantity decreases<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-479007'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>What is one example of something a copyright is used to protect?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='479007' \/><input type='hidden' id='answerType479007' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479007[]' id='answer-id-1851073' class='answer   answerof-479007 ' value='1851073'   \/><label for='answer-id-1851073' id='answer-label-1851073' class=' answer'><span>The content of a book<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479007[]' id='answer-id-1851074' class='answer   answerof-479007 ' value='1851074'   \/><label for='answer-id-1851074' id='answer-label-1851074' class=' answer'><span>The name of a brand<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479007[]' id='answer-id-1851075' class='answer   answerof-479007 ' value='1851075'   \/><label for='answer-id-1851075' id='answer-label-1851075' class=' answer'><span>The design of a logo<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479007[]' id='answer-id-1851076' class='answer   answerof-479007 ' value='1851076'   \/><label for='answer-id-1851076' id='answer-label-1851076' class=' answer'><span>The shape of a new invention<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-479008'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>What is deadweight cost?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='479008' \/><input type='hidden' id='answerType479008' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479008[]' id='answer-id-1851077' class='answer   answerof-479008 ' value='1851077'   \/><label for='answer-id-1851077' id='answer-label-1851077' class=' answer'><span>A government payment to a domestic firm<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479008[]' id='answer-id-1851078' class='answer   answerof-479008 ' value='1851078'   \/><label for='answer-id-1851078' id='answer-label-1851078' class=' answer'><span>A tariff levied on imports that are selling below cost in order to unfairly drive domestic firms out of business<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479008[]' id='answer-id-1851079' class='answer   answerof-479008 ' value='1851079'   \/><label for='answer-id-1851079' id='answer-label-1851079' class=' answer'><span>The lost potential from pursuing one activity at the expense of another, given the alternatives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479008[]' id='answer-id-1851080' class='answer   answerof-479008 ' value='1851080'   \/><label for='answer-id-1851080' id='answer-label-1851080' class=' answer'><span>A net loss that occurs in an economy as a result of tariffs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-479009'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>When an import tariff is placed on footwear, which quantity increases?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='479009' \/><input type='hidden' id='answerType479009' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479009[]' id='answer-id-1851081' class='answer   answerof-479009 ' value='1851081'   \/><label for='answer-id-1851081' id='answer-label-1851081' class=' answer'><span>The quantity of footwear imported<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479009[]' id='answer-id-1851082' class='answer   answerof-479009 ' value='1851082'   \/><label for='answer-id-1851082' id='answer-label-1851082' class=' answer'><span>Producer surplus for footwear<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479009[]' id='answer-id-1851083' class='answer   answerof-479009 ' value='1851083'   \/><label for='answer-id-1851083' id='answer-label-1851083' class=' answer'><span>Domestic demand for footwear<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479009[]' id='answer-id-1851084' class='answer   answerof-479009 ' value='1851084'   \/><label for='answer-id-1851084' id='answer-label-1851084' class=' answer'><span>Consumer surplus for footwear<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-479010'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which statements concerning property rights are true? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_16' value='479010' \/><input type='hidden' id='answerType479010' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479010[]' id='answer-id-1851085' class='answer   answerof-479010 ' value='1851085'   \/><label for='answer-id-1851085' id='answer-label-1851085' class=' answer'><span>Securing property rights results in industries that employ little fixed capital and avoid long-term investment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479010[]' id='answer-id-1851086' class='answer   answerof-479010 ' value='1851086'   \/><label for='answer-id-1851086' id='answer-label-1851086' class=' answer'><span>Insecure property rights bode well in global competition where firms benefit from economies of scale and sustained R&amp;<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479010[]' id='answer-id-1851087' class='answer   answerof-479010 ' value='1851087'   \/><label for='answer-id-1851087' id='answer-label-1851087' class=' answer'><span>Protection of property rights is commonly recognized as a major factor in allowing developing countries to make gains toward economic progress.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479010[]' id='answer-id-1851088' class='answer   answerof-479010 ' value='1851088'   \/><label for='answer-id-1851088' id='answer-label-1851088' class=' answer'><span>Developing countries can achieve economic growth even without securing property rights.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479010[]' id='answer-id-1851089' class='answer   answerof-479010 ' value='1851089'   \/><label for='answer-id-1851089' id='answer-label-1851089' class=' answer'><span>The primary purpose of establishing property rights is to provide economic benefit to society as a whole.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479010[]' id='answer-id-1851090' class='answer   answerof-479010 ' value='1851090'   \/><label for='answer-id-1851090' id='answer-label-1851090' class=' answer'><span>Property rights are the legal rights regarding the use of an economic resource and for deriving income and benefits from it.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-479011'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Which statement is a description of theocratic law?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='479011' \/><input type='hidden' id='answerType479011' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479011[]' id='answer-id-1851091' class='answer   answerof-479011 ' value='1851091'   \/><label for='answer-id-1851091' id='answer-label-1851091' class=' answer'><span>It is a legal system based on religious teachings and dogma.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479011[]' id='answer-id-1851092' class='answer   answerof-479011 ' value='1851092'   \/><label for='answer-id-1851092' id='answer-label-1851092' class=' answer'><span>It is a legal system that is the oldest, most influential, and most widely distributed in the world.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479011[]' id='answer-id-1851093' class='answer   answerof-479011 ' value='1851093'   \/><label for='answer-id-1851093' id='answer-label-1851093' class=' answer'><span>It is a legal system that uses comprehensive statutes and codes as a primary means to form legal judgments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479011[]' id='answer-id-1851094' class='answer   answerof-479011 ' value='1851094'   \/><label for='answer-id-1851094' id='answer-label-1851094' class=' answer'><span>It is a legal system that is shaped by precedents and traditions from previous judicial decisions.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-479012'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Which statement about Federal Reserve lending to banks is true?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='479012' \/><input type='hidden' id='answerType479012' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479012[]' id='answer-id-1851095' class='answer   answerof-479012 ' value='1851095'   \/><label for='answer-id-1851095' id='answer-label-1851095' class=' answer'><span>Fed lending to banks follows an overall uptrend.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479012[]' id='answer-id-1851096' class='answer   answerof-479012 ' value='1851096'   \/><label for='answer-id-1851096' id='answer-label-1851096' class=' answer'><span>The discount rate is changed annually.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479012[]' id='answer-id-1851097' class='answer   answerof-479012 ' value='1851097'   \/><label for='answer-id-1851097' id='answer-label-1851097' class=' answer'><span>Banks set consumer interest rates at the discount rate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479012[]' id='answer-id-1851098' class='answer   answerof-479012 ' value='1851098'   \/><label for='answer-id-1851098' id='answer-label-1851098' class=' answer'><span>Banks pay the discount rate when borrowing funds from the Fed.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-479013'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which system has elements of a market economy and a command economy?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='479013' \/><input type='hidden' id='answerType479013' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479013[]' id='answer-id-1851099' class='answer   answerof-479013 ' value='1851099'   \/><label for='answer-id-1851099' id='answer-label-1851099' class=' answer'><span>Fair economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479013[]' id='answer-id-1851100' class='answer   answerof-479013 ' value='1851100'   \/><label for='answer-id-1851100' id='answer-label-1851100' class=' answer'><span>Market-command economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479013[]' id='answer-id-1851101' class='answer   answerof-479013 ' value='1851101'   \/><label for='answer-id-1851101' id='answer-label-1851101' class=' answer'><span>Mixed economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479013[]' id='answer-id-1851102' class='answer   answerof-479013 ' value='1851102'   \/><label for='answer-id-1851102' id='answer-label-1851102' class=' answer'><span>Compromise economy<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-479014'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>What is one of the elements of the Porter Diamond in the theory of national competitive advantage of industries?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='479014' \/><input type='hidden' id='answerType479014' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479014[]' id='answer-id-1851103' class='answer   answerof-479014 ' value='1851103'   \/><label for='answer-id-1851103' id='answer-label-1851103' class=' answer'><span>Firm opportunity costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479014[]' id='answer-id-1851104' class='answer   answerof-479014 ' value='1851104'   \/><label for='answer-id-1851104' id='answer-label-1851104' class=' answer'><span>Foreign supply markets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479014[]' id='answer-id-1851105' class='answer   answerof-479014 ' value='1851105'   \/><label for='answer-id-1851105' id='answer-label-1851105' class=' answer'><span>Domestic demand conditions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479014[]' id='answer-id-1851106' class='answer   answerof-479014 ' value='1851106'   \/><label for='answer-id-1851106' id='answer-label-1851106' class=' answer'><span>Trade deficits<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-479015'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>If the demand for a good is elastic, what is true?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='479015' \/><input type='hidden' id='answerType479015' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479015[]' id='answer-id-1851107' class='answer   answerof-479015 ' value='1851107'   \/><label for='answer-id-1851107' id='answer-label-1851107' class=' answer'><span>The quantity demanded responds substantially to changes in the price.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479015[]' id='answer-id-1851108' class='answer   answerof-479015 ' value='1851108'   \/><label for='answer-id-1851108' id='answer-label-1851108' class=' answer'><span>Total revenue increases with a change in price in either direction.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479015[]' id='answer-id-1851109' class='answer   answerof-479015 ' value='1851109'   \/><label for='answer-id-1851109' id='answer-label-1851109' class=' answer'><span>Price and total revenue move in the same direction.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479015[]' id='answer-id-1851110' class='answer   answerof-479015 ' value='1851110'   \/><label for='answer-id-1851110' id='answer-label-1851110' class=' answer'><span>The quantity demanded responds only slightly to changes in the price.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-479016'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>What does producer surplus measure?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='479016' \/><input type='hidden' id='answerType479016' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479016[]' id='answer-id-1851111' class='answer   answerof-479016 ' value='1851111'   \/><label for='answer-id-1851111' id='answer-label-1851111' class=' answer'><span>The benefit sellers receive from participating in a market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479016[]' id='answer-id-1851112' class='answer   answerof-479016 ' value='1851112'   \/><label for='answer-id-1851112' id='answer-label-1851112' class=' answer'><span>The difference between the number of available goods and desired goods<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479016[]' id='answer-id-1851113' class='answer   answerof-479016 ' value='1851113'   \/><label for='answer-id-1851113' id='answer-label-1851113' class=' answer'><span>The economic well-being of a society<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479016[]' id='answer-id-1851114' class='answer   answerof-479016 ' value='1851114'   \/><label for='answer-id-1851114' id='answer-label-1851114' class=' answer'><span>The benefit buyers receive from participating in a market<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-479017'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Which goods have a positive cross-price elasticity?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='479017' \/><input type='hidden' id='answerType479017' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479017[]' id='answer-id-1851115' class='answer   answerof-479017 ' value='1851115'   \/><label for='answer-id-1851115' id='answer-label-1851115' class=' answer'><span>Complements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479017[]' id='answer-id-1851116' class='answer   answerof-479017 ' value='1851116'   \/><label for='answer-id-1851116' id='answer-label-1851116' class=' answer'><span>Normal goods<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479017[]' id='answer-id-1851117' class='answer   answerof-479017 ' value='1851117'   \/><label for='answer-id-1851117' id='answer-label-1851117' class=' answer'><span>Substitutes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479017[]' id='answer-id-1851118' class='answer   answerof-479017 ' value='1851118'   \/><label for='answer-id-1851118' id='answer-label-1851118' class=' answer'><span>Shortage goods<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-479018'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>The marginal revenue from producing a smartphone is $200, and the marginal cost is $150. <br \/>\r<br>What is the best action for the firm?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='479018' \/><input type='hidden' id='answerType479018' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479018[]' id='answer-id-1851119' class='answer   answerof-479018 ' value='1851119'   \/><label for='answer-id-1851119' id='answer-label-1851119' class=' answer'><span>Increase production<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479018[]' id='answer-id-1851120' class='answer   answerof-479018 ' value='1851120'   \/><label for='answer-id-1851120' id='answer-label-1851120' class=' answer'><span>Decrease production<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479018[]' id='answer-id-1851121' class='answer   answerof-479018 ' value='1851121'   \/><label for='answer-id-1851121' id='answer-label-1851121' class=' answer'><span>Exit the market altogether<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479018[]' id='answer-id-1851122' class='answer   answerof-479018 ' value='1851122'   \/><label for='answer-id-1851122' id='answer-label-1851122' class=' answer'><span>Pause production<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-479019'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>What does the term resource mobility describe?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='479019' \/><input type='hidden' id='answerType479019' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479019[]' id='answer-id-1851123' class='answer   answerof-479019 ' value='1851123'   \/><label for='answer-id-1851123' id='answer-label-1851123' class=' answer'><span>The idea that market forces should determine how much to trade with little or no government intervention<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479019[]' id='answer-id-1851124' class='answer   answerof-479019 ' value='1851124'   \/><label for='answer-id-1851124' id='answer-label-1851124' class=' answer'><span>The assumption that a resource removed from one industry can be moved to another<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479019[]' id='answer-id-1851125' class='answer   answerof-479019 ' value='1851125'   \/><label for='answer-id-1851125' id='answer-label-1851125' class=' answer'><span>An economic condition in which a nation exports more than it imports<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479019[]' id='answer-id-1851126' class='answer   answerof-479019 ' value='1851126'   \/><label for='answer-id-1851126' id='answer-label-1851126' class=' answer'><span>The idea that governments should actively defend domestic industries from imports and vigorously promote the export of resources<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-479020'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which situation illustrates the proposition that when formal constraints are unclear or fail, informal constraints play a larger role in reducing uncertainty and providing constancy to firms?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='479020' \/><input type='hidden' id='answerType479020' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479020[]' id='answer-id-1851127' class='answer   answerof-479020 ' value='1851127'   \/><label for='answer-id-1851127' id='answer-label-1851127' class=' answer'><span>Choosing a headquarters location based on cost of living, airports, and tax credits<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479020[]' id='answer-id-1851128' class='answer   answerof-479020 ' value='1851128'   \/><label for='answer-id-1851128' id='answer-label-1851128' class=' answer'><span>Firms relocating overseas due to a new domestic tax policy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479020[]' id='answer-id-1851129' class='answer   answerof-479020 ' value='1851129'   \/><label for='answer-id-1851129' id='answer-label-1851129' class=' answer'><span>Firms entering gray markets due to high taxes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479020[]' id='answer-id-1851130' class='answer   answerof-479020 ' value='1851130'   \/><label for='answer-id-1851130' id='answer-label-1851130' class=' answer'><span>A firm follows strict environmental practices despite lax local laws<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-479021'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>What are examples of regulatory pillars? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_27' value='479021' \/><input type='hidden' id='answerType479021' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479021[]' id='answer-id-1851131' class='answer   answerof-479021 ' value='1851131'   \/><label for='answer-id-1851131' id='answer-label-1851131' class=' answer'><span>Stealing office supplies because most colleagues are doing the same thing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479021[]' id='answer-id-1851132' class='answer   answerof-479021 ' value='1851132'   \/><label for='answer-id-1851132' id='answer-label-1851132' class=' answer'><span>Reporting a crime because it is against the law to withhold information<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479021[]' id='answer-id-1851133' class='answer   answerof-479021 ' value='1851133'   \/><label for='answer-id-1851133' id='answer-label-1851133' class=' answer'><span>Investing in foreign currencies because others view it as safe<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479021[]' id='answer-id-1851134' class='answer   answerof-479021 ' value='1851134'   \/><label for='answer-id-1851134' id='answer-label-1851134' class=' answer'><span>Paying parking tickets out of fear of a suspended driver\u2019s license<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479021[]' id='answer-id-1851135' class='answer   answerof-479021 ' value='1851135'   \/><label for='answer-id-1851135' id='answer-label-1851135' class=' answer'><span>Coasting through stop signs because it is common<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479021[]' id='answer-id-1851136' class='answer   answerof-479021 ' value='1851136'   \/><label for='answer-id-1851136' id='answer-label-1851136' class=' answer'><span>Refusing military service because of pacifist beliefs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-479022'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Which statement about the GDP deflator is true?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='479022' \/><input type='hidden' id='answerType479022' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479022[]' id='answer-id-1851137' class='answer   answerof-479022 ' value='1851137'   \/><label for='answer-id-1851137' id='answer-label-1851137' class=' answer'><span>Its percentage change from one year to the next is the inflation rate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479022[]' id='answer-id-1851138' class='answer   answerof-479022 ' value='1851138'   \/><label for='answer-id-1851138' id='answer-label-1851138' class=' answer'><span>It is a more reliable indicator of economic well-being than real GD<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479022[]' id='answer-id-1851139' class='answer   answerof-479022 ' value='1851139'   \/><label for='answer-id-1851139' id='answer-label-1851139' class=' answer'><span>It includes fewer core economic measurements than GD<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479022[]' id='answer-id-1851140' class='answer   answerof-479022 ' value='1851140'   \/><label for='answer-id-1851140' id='answer-label-1851140' class=' answer'><span>It follows a nearly strict decreasing pattern from a base year.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-479023'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Which scenario most likely describes a late mover?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='479023' \/><input type='hidden' id='answerType479023' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479023[]' id='answer-id-1851141' class='answer   answerof-479023 ' value='1851141'   \/><label for='answer-id-1851141' id='answer-label-1851141' class=' answer'><span>A company is able to erect significant barriers for other entrants.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479023[]' id='answer-id-1851142' class='answer   answerof-479023 ' value='1851142'   \/><label for='answer-id-1851142' id='answer-label-1851142' class=' answer'><span>A company gains advantage through proprietary technology.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479023[]' id='answer-id-1851143' class='answer   answerof-479023 ' value='1851143'   \/><label for='answer-id-1851143' id='answer-label-1851143' class=' answer'><span>A company makes preemptive investments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479023[]' id='answer-id-1851144' class='answer   answerof-479023 ' value='1851144'   \/><label for='answer-id-1851144' id='answer-label-1851144' class=' answer'><span>A company faces fewer market uncertainties.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-479024'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>What are features shared by monopolies and perfect competition? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_30' value='479024' \/><input type='hidden' id='answerType479024' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479024[]' id='answer-id-1851145' class='answer   answerof-479024 ' value='1851145'   \/><label for='answer-id-1851145' id='answer-label-1851145' class=' answer'><span>In the long run, new firms can easily enter the market.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479024[]' id='answer-id-1851146' class='answer   answerof-479024 ' value='1851146'   \/><label for='answer-id-1851146' id='answer-label-1851146' class=' answer'><span>In the long run, it is nearly impossible for new firms to enter.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479024[]' id='answer-id-1851147' class='answer   answerof-479024 ' value='1851147'   \/><label for='answer-id-1851147' id='answer-label-1851147' class=' answer'><span>The structure does not produce the welfare-maximizing level of output.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479024[]' id='answer-id-1851148' class='answer   answerof-479024 ' value='1851148'   \/><label for='answer-id-1851148' id='answer-label-1851148' class=' answer'><span>Price is greater than marginal cost.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479024[]' id='answer-id-1851149' class='answer   answerof-479024 ' value='1851149'   \/><label for='answer-id-1851149' id='answer-label-1851149' class=' answer'><span>Maximum profit occurs when marginal revenue equals marginal cost.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479024[]' id='answer-id-1851150' class='answer   answerof-479024 ' value='1851150'   \/><label for='answer-id-1851150' id='answer-label-1851150' class=' answer'><span>Firms earn economic profits in the short run.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-479025'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>An institution-based view of global business focuses on the specific relationship between which two entities?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='479025' \/><input type='hidden' id='answerType479025' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479025[]' id='answer-id-1851151' class='answer   answerof-479025 ' value='1851151'   \/><label for='answer-id-1851151' id='answer-label-1851151' class=' answer'><span>Customers and firms<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479025[]' id='answer-id-1851152' class='answer   answerof-479025 ' value='1851152'   \/><label for='answer-id-1851152' id='answer-label-1851152' class=' answer'><span>Customers and institutions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479025[]' id='answer-id-1851153' class='answer   answerof-479025 ' value='1851153'   \/><label for='answer-id-1851153' id='answer-label-1851153' class=' answer'><span>Firms and governments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479025[]' id='answer-id-1851154' class='answer   answerof-479025 ' value='1851154'   \/><label for='answer-id-1851154' id='answer-label-1851154' class=' answer'><span>Firms and institutions<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-479026'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>A shopper purchases a shirt for $17 but was willing to pay $25. <br \/>\r<br>What does this indicate?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='479026' \/><input type='hidden' id='answerType479026' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479026[]' id='answer-id-1851155' class='answer   answerof-479026 ' value='1851155'   \/><label for='answer-id-1851155' id='answer-label-1851155' class=' answer'><span>The consumer surplus is $8.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479026[]' id='answer-id-1851156' class='answer   answerof-479026 ' value='1851156'   \/><label for='answer-id-1851156' id='answer-label-1851156' class=' answer'><span>The producer surplus is $17.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479026[]' id='answer-id-1851157' class='answer   answerof-479026 ' value='1851157'   \/><label for='answer-id-1851157' id='answer-label-1851157' class=' answer'><span>The producer surplus is $25.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479026[]' id='answer-id-1851158' class='answer   answerof-479026 ' value='1851158'   \/><label for='answer-id-1851158' id='answer-label-1851158' class=' answer'><span>The consumer surplus is $25.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-479027'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>What is one of the three primary strategies that nonfinancial companies use to cope with currency risks?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='479027' \/><input type='hidden' id='answerType479027' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479027[]' id='answer-id-1851159' class='answer   answerof-479027 ' value='1851159'   \/><label for='answer-id-1851159' id='answer-label-1851159' class=' answer'><span>Using foreign dealers for their goods<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479027[]' id='answer-id-1851160' class='answer   answerof-479027 ' value='1851160'   \/><label for='answer-id-1851160' id='answer-label-1851160' class=' answer'><span>Strategic hedging<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479027[]' id='answer-id-1851161' class='answer   answerof-479027 ' value='1851161'   \/><label for='answer-id-1851161' id='answer-label-1851161' class=' answer'><span>Keeping low inventories<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479027[]' id='answer-id-1851162' class='answer   answerof-479027 ' value='1851162'   \/><label for='answer-id-1851162' id='answer-label-1851162' class=' answer'><span>Reducing currency liabilities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-479028'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>When producing a piece of luggage, the marginal cost is $92 and the marginal revenue is $81. <br \/>\r<br>What is the best action for the firm?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='479028' \/><input type='hidden' id='answerType479028' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479028[]' id='answer-id-1851163' class='answer   answerof-479028 ' value='1851163'   \/><label for='answer-id-1851163' id='answer-label-1851163' class=' answer'><span>Increase production<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479028[]' id='answer-id-1851164' class='answer   answerof-479028 ' value='1851164'   \/><label for='answer-id-1851164' id='answer-label-1851164' class=' answer'><span>Restart production<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479028[]' id='answer-id-1851165' class='answer   answerof-479028 ' value='1851165'   \/><label for='answer-id-1851165' id='answer-label-1851165' class=' answer'><span>Enter the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479028[]' id='answer-id-1851166' class='answer   answerof-479028 ' value='1851166'   \/><label for='answer-id-1851166' id='answer-label-1851166' class=' answer'><span>Decrease production<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-479029'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>What are key features of an oligopoly? (Choose THREE.)<\/div><input type='hidden' name='question_id[]' id='qID_35' value='479029' \/><input type='hidden' id='answerType479029' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479029[]' id='answer-id-1851167' class='answer   answerof-479029 ' value='1851167'   \/><label for='answer-id-1851167' id='answer-label-1851167' class=' answer'><span>The actions of any one seller can have a large impact on the profits of other sellers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479029[]' id='answer-id-1851168' class='answer   answerof-479029 ' value='1851168'   \/><label for='answer-id-1851168' id='answer-label-1851168' class=' answer'><span>Firms in an oligopoly are interdependent in ways competitive firms are not.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479029[]' id='answer-id-1851169' class='answer   answerof-479029 ' value='1851169'   \/><label for='answer-id-1851169' id='answer-label-1851169' class=' answer'><span>There are a few sellers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479029[]' id='answer-id-1851170' class='answer   answerof-479029 ' value='1851170'   \/><label for='answer-id-1851170' id='answer-label-1851170' class=' answer'><span>Firms are independent of one another, like competitive firms.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479029[]' id='answer-id-1851171' class='answer   answerof-479029 ' value='1851171'   \/><label for='answer-id-1851171' id='answer-label-1851171' class=' answer'><span>The actions of any one seller have little impact on others\u2019 profits.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479029[]' id='answer-id-1851172' class='answer   answerof-479029 ' value='1851172'   \/><label for='answer-id-1851172' id='answer-label-1851172' class=' answer'><span>There is little motivation for cooperation between firms.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-479030'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>What is purchasing power parity (PPP)?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='479030' \/><input type='hidden' id='answerType479030' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479030[]' id='answer-id-1851173' class='answer   answerof-479030 ' value='1851173'   \/><label for='answer-id-1851173' id='answer-label-1851173' class=' answer'><span>A theory suggesting that the price for identical products sold in different countries must be the same in the absence of trade barriers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479030[]' id='answer-id-1851174' class='answer   answerof-479030 ' value='1851174'   \/><label for='answer-id-1851174' id='answer-label-1851174' class=' answer'><span>The gain from taking advantage of inefficient exchange rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479030[]' id='answer-id-1851175' class='answer   answerof-479030 ' value='1851175'   \/><label for='answer-id-1851175' id='answer-label-1851175' class=' answer'><span>The movement of investors in the same direction at the same time<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479030[]' id='answer-id-1851176' class='answer   answerof-479030 ' value='1851176'   \/><label for='answer-id-1851176' id='answer-label-1851176' class=' answer'><span>The idea that a country's exchange rate is an indicator of socioeconomic well-being<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-479031'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>What is an example of a company that is market-seeking?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='479031' \/><input type='hidden' id='answerType479031' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479031[]' id='answer-id-1851177' class='answer   answerof-479031 ' value='1851177'   \/><label for='answer-id-1851177' id='answer-label-1851177' class=' answer'><span>A company searching for a location where a specific type of plastic is low-cost and readily available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479031[]' id='answer-id-1851178' class='answer   answerof-479031 ' value='1851178'   \/><label for='answer-id-1851178' id='answer-label-1851178' class=' answer'><span>A company searching for a location where rocks and minerals can be mined<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479031[]' id='answer-id-1851179' class='answer   answerof-479031 ' value='1851179'   \/><label for='answer-id-1851179' id='answer-label-1851179' class=' answer'><span>A company searching for a location where there is a high interest in camping supplies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479031[]' id='answer-id-1851180' class='answer   answerof-479031 ' value='1851180'   \/><label for='answer-id-1851180' id='answer-label-1851180' class=' answer'><span>A company searching for a location where the cost of unskilled labor is low<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-479032'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>What does the Federal Reserve do to expand aggregate demand? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_38' value='479032' \/><input type='hidden' id='answerType479032' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479032[]' id='answer-id-1851181' class='answer   answerof-479032 ' value='1851181'   \/><label for='answer-id-1851181' id='answer-label-1851181' class=' answer'><span>Increase the foreign exchange rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479032[]' id='answer-id-1851182' class='answer   answerof-479032 ' value='1851182'   \/><label for='answer-id-1851182' id='answer-label-1851182' class=' answer'><span>Increase the money supply<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479032[]' id='answer-id-1851183' class='answer   answerof-479032 ' value='1851183'   \/><label for='answer-id-1851183' id='answer-label-1851183' class=' answer'><span>Lower the interest rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479032[]' id='answer-id-1851184' class='answer   answerof-479032 ' value='1851184'   \/><label for='answer-id-1851184' id='answer-label-1851184' class=' answer'><span>Decrease the money supply<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479032[]' id='answer-id-1851185' class='answer   answerof-479032 ' value='1851185'   \/><label for='answer-id-1851185' id='answer-label-1851185' class=' answer'><span>Raise mortgage rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479032[]' id='answer-id-1851186' class='answer   answerof-479032 ' value='1851186'   \/><label for='answer-id-1851186' id='answer-label-1851186' class=' answer'><span>Reduce the quantity of reserves<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-479033'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>What is the definition of globalization?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='479033' \/><input type='hidden' id='answerType479033' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479033[]' id='answer-id-1851187' class='answer   answerof-479033 ' value='1851187'   \/><label for='answer-id-1851187' id='answer-label-1851187' class=' answer'><span>The spread of regulatory influence to a greater pool of subjects<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479033[]' id='answer-id-1851188' class='answer   answerof-479033 ' value='1851188'   \/><label for='answer-id-1851188' id='answer-label-1851188' class=' answer'><span>The development of custom products for each segment of a population<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479033[]' id='answer-id-1851189' class='answer   answerof-479033 ' value='1851189'   \/><label for='answer-id-1851189' id='answer-label-1851189' class=' answer'><span>The close integration of countries and peoples of the world<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479033[]' id='answer-id-1851190' class='answer   answerof-479033 ' value='1851190'   \/><label for='answer-id-1851190' id='answer-label-1851190' class=' answer'><span>The achievement of a one-world market for goods and services<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-479034'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>When confronting MNEs, the extender strategy centers on what?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='479034' \/><input type='hidden' id='answerType479034' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479034[]' id='answer-id-1851191' class='answer   answerof-479034 ' value='1851191'   \/><label for='answer-id-1851191' id='answer-label-1851191' class=' answer'><span>Leveraging homegrown competencies abroad<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479034[]' id='answer-id-1851192' class='answer   answerof-479034 ' value='1851192'   \/><label for='answer-id-1851192' id='answer-label-1851192' class=' answer'><span>Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479034[]' id='answer-id-1851193' class='answer   answerof-479034 ' value='1851193'   \/><label for='answer-id-1851193' id='answer-label-1851193' class=' answer'><span>Leveraging local assets in areas in which MNEs are weak<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479034[]' id='answer-id-1851194' class='answer   answerof-479034 ' value='1851194'   \/><label for='answer-id-1851194' id='answer-label-1851194' class=' answer'><span>Engaging in rapid learning and then expanding overseas<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-479035'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>What is one of the three primary types of foreign exchange transactions?<\/div><input type='hidden' name='question_id[]' id='qID_41' value='479035' \/><input type='hidden' id='answerType479035' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479035[]' id='answer-id-1851195' class='answer   answerof-479035 ' value='1851195'   \/><label for='answer-id-1851195' id='answer-label-1851195' class=' answer'><span>Hedges<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479035[]' id='answer-id-1851196' class='answer   answerof-479035 ' value='1851196'   \/><label for='answer-id-1851196' id='answer-label-1851196' class=' answer'><span>Forward transactions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479035[]' id='answer-id-1851197' class='answer   answerof-479035 ' value='1851197'   \/><label for='answer-id-1851197' id='answer-label-1851197' class=' answer'><span>Balanced transactions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479035[]' id='answer-id-1851198' class='answer   answerof-479035 ' value='1851198'   \/><label for='answer-id-1851198' id='answer-label-1851198' class=' answer'><span>Straddles<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-479036'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>What is one of the two major exchange rate policies?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='479036' \/><input type='hidden' id='answerType479036' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479036[]' id='answer-id-1851199' class='answer   answerof-479036 ' value='1851199'   \/><label for='answer-id-1851199' id='answer-label-1851199' class=' answer'><span>Fiscal rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479036[]' id='answer-id-1851200' class='answer   answerof-479036 ' value='1851200'   \/><label for='answer-id-1851200' id='answer-label-1851200' class=' answer'><span>Floating rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479036[]' id='answer-id-1851201' class='answer   answerof-479036 ' value='1851201'   \/><label for='answer-id-1851201' id='answer-label-1851201' class=' answer'><span>Matched rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479036[]' id='answer-id-1851202' class='answer   answerof-479036 ' value='1851202'   \/><label for='answer-id-1851202' id='answer-label-1851202' class=' answer'><span>Discount rate<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-479037'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>In which situation is the contender strategy appropriate for responding to multinational enterprises (MNEs)?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='479037' \/><input type='hidden' id='answerType479037' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479037[]' id='answer-id-1851203' class='answer   answerof-479037 ' value='1851203'   \/><label for='answer-id-1851203' id='answer-label-1851203' class=' answer'><span>There is high industry pressure to globalize, and competitive assets are transferable abroad.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479037[]' id='answer-id-1851204' class='answer   answerof-479037 ' value='1851204'   \/><label for='answer-id-1851204' id='answer-label-1851204' class=' answer'><span>There is high industry pressure to globalize, and competitive assets are customized to home markets.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479037[]' id='answer-id-1851205' class='answer   answerof-479037 ' value='1851205'   \/><label for='answer-id-1851205' id='answer-label-1851205' class=' answer'><span>There is low industry pressure to globalize, and competitive assets are transferable abroad.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479037[]' id='answer-id-1851206' class='answer   answerof-479037 ' value='1851206'   \/><label for='answer-id-1851206' id='answer-label-1851206' class=' answer'><span>There is low industry pressure to globalize, and competitive assets are customized to home markets.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-479038'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>Which effect does increased government spending have on aggregate demand if the multiplier effect is greater than the crowding-out effect?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='479038' \/><input type='hidden' id='answerType479038' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479038[]' id='answer-id-1851207' class='answer   answerof-479038 ' value='1851207'   \/><label for='answer-id-1851207' id='answer-label-1851207' class=' answer'><span>Aggregate demand increases by more than the increase in government spending.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479038[]' id='answer-id-1851208' class='answer   answerof-479038 ' value='1851208'   \/><label for='answer-id-1851208' id='answer-label-1851208' class=' answer'><span>Aggregate demand decreases by more than the increase in government spending.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479038[]' id='answer-id-1851209' class='answer   answerof-479038 ' value='1851209'   \/><label for='answer-id-1851209' id='answer-label-1851209' class=' answer'><span>Aggregate demand increases by less than the increase in government spending.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479038[]' id='answer-id-1851210' class='answer   answerof-479038 ' value='1851210'   \/><label for='answer-id-1851210' id='answer-label-1851210' class=' answer'><span>Aggregate demand decreases by less than the increase in government spending.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-479039'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>What is true about gross domestic product (GDP)?<\/div><input type='hidden' name='question_id[]' id='qID_45' value='479039' \/><input type='hidden' id='answerType479039' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479039[]' id='answer-id-1851211' class='answer   answerof-479039 ' value='1851211'   \/><label for='answer-id-1851211' id='answer-label-1851211' class=' answer'><span>It is thought to be the single best measure of a society\u2019s economic well-being.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479039[]' id='answer-id-1851212' class='answer   answerof-479039 ' value='1851212'   \/><label for='answer-id-1851212' id='answer-label-1851212' class=' answer'><span>Its year-to-year percentage change represents the inflation rate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479039[]' id='answer-id-1851213' class='answer   answerof-479039 ' value='1851213'   \/><label for='answer-id-1851213' id='answer-label-1851213' class=' answer'><span>It places heavier weight on intangible services than tangible goods.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479039[]' id='answer-id-1851214' class='answer   answerof-479039 ' value='1851214'   \/><label for='answer-id-1851214' id='answer-label-1851214' class=' answer'><span>It includes the income of citizens working abroad.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-46' style=';'><div id='questionWrap-46'  class='   watupro-question-id-479040'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>What are examples of fixed costs? (Choose TWO.)<\/div><input type='hidden' name='question_id[]' id='qID_46' value='479040' \/><input type='hidden' id='answerType479040' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479040[]' id='answer-id-1851215' class='answer   answerof-479040 ' value='1851215'   \/><label for='answer-id-1851215' id='answer-label-1851215' class=' answer'><span>Sales commissions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479040[]' id='answer-id-1851216' class='answer   answerof-479040 ' value='1851216'   \/><label for='answer-id-1851216' id='answer-label-1851216' class=' answer'><span>Cost of flour in bread production<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479040[]' id='answer-id-1851217' class='answer   answerof-479040 ' value='1851217'   \/><label for='answer-id-1851217' id='answer-label-1851217' class=' answer'><span>A $1,000 state license fee to operate a shop<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479040[]' id='answer-id-1851218' class='answer   answerof-479040 ' value='1851218'   \/><label for='answer-id-1851218' id='answer-label-1851218' class=' answer'><span>Monthly internet cost in a women\u2019s apparel business<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-479040[]' id='answer-id-1851219' class='answer   answerof-479040 ' value='1851219'   \/><label for='answer-id-1851219' id='answer-label-1851219' class=' answer'><span>Cost of parts in computer manufacturing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-47' style=';'><div id='questionWrap-47'  class='   watupro-question-id-479041'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>Which quantity is calculated using the formula variable costs (VC) + fixed costs (FC)?<\/div><input type='hidden' name='question_id[]' id='qID_47' value='479041' \/><input type='hidden' id='answerType479041' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479041[]' id='answer-id-1851220' class='answer   answerof-479041 ' value='1851220'   \/><label for='answer-id-1851220' id='answer-label-1851220' class=' answer'><span>Implicit cost (IC)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479041[]' id='answer-id-1851221' class='answer   answerof-479041 ' value='1851221'   \/><label for='answer-id-1851221' id='answer-label-1851221' class=' answer'><span>Explicit cost (EC)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479041[]' id='answer-id-1851222' class='answer   answerof-479041 ' value='1851222'   \/><label for='answer-id-1851222' id='answer-label-1851222' class=' answer'><span>Total cost (TC)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479041[]' id='answer-id-1851223' class='answer   answerof-479041 ' value='1851223'   \/><label for='answer-id-1851223' id='answer-label-1851223' class=' answer'><span>Average variable cost (AVC)<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-48' style=';'><div id='questionWrap-48'  class='   watupro-question-id-479042'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>In which mode of entry do companies build new factories and offices from scratch?<\/div><input type='hidden' name='question_id[]' id='qID_48' value='479042' \/><input type='hidden' id='answerType479042' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479042[]' id='answer-id-1851224' class='answer   answerof-479042 ' value='1851224'   \/><label for='answer-id-1851224' id='answer-label-1851224' class=' answer'><span>Co-marketing operations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479042[]' id='answer-id-1851225' class='answer   answerof-479042 ' value='1851225'   \/><label for='answer-id-1851225' id='answer-label-1851225' class=' answer'><span>Direct exports<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479042[]' id='answer-id-1851226' class='answer   answerof-479042 ' value='1851226'   \/><label for='answer-id-1851226' id='answer-label-1851226' class=' answer'><span>Joint ventures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479042[]' id='answer-id-1851227' class='answer   answerof-479042 ' value='1851227'   \/><label for='answer-id-1851227' id='answer-label-1851227' class=' answer'><span>Greenfield operations<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-49' style=';'><div id='questionWrap-49'  class='   watupro-question-id-479043'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>Which term best describes a market structure of limited competition in which the market is shared by a small number of sellers?<\/div><input type='hidden' name='question_id[]' id='qID_49' value='479043' \/><input type='hidden' id='answerType479043' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479043[]' id='answer-id-1851228' class='answer   answerof-479043 ' value='1851228'   \/><label for='answer-id-1851228' id='answer-label-1851228' class=' answer'><span>Monopoly<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479043[]' id='answer-id-1851229' class='answer   answerof-479043 ' value='1851229'   \/><label for='answer-id-1851229' id='answer-label-1851229' class=' answer'><span>Monopolistic competition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479043[]' id='answer-id-1851230' class='answer   answerof-479043 ' value='1851230'   \/><label for='answer-id-1851230' id='answer-label-1851230' class=' answer'><span>Oligopoly<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479043[]' id='answer-id-1851231' class='answer   answerof-479043 ' value='1851231'   \/><label for='answer-id-1851231' id='answer-label-1851231' class=' answer'><span>Perfect competition<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-50' style=';'><div id='questionWrap-50'  class='   watupro-question-id-479044'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>Which mode of entry is an equity-based entry mode?<\/div><input type='hidden' name='question_id[]' id='qID_50' value='479044' \/><input type='hidden' id='answerType479044' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479044[]' id='answer-id-1851232' class='answer   answerof-479044 ' value='1851232'   \/><label for='answer-id-1851232' id='answer-label-1851232' class=' answer'><span>Franchising<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479044[]' id='answer-id-1851233' class='answer   answerof-479044 ' value='1851233'   \/><label for='answer-id-1851233' id='answer-label-1851233' class=' answer'><span>50\/50 joint ventures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479044[]' id='answer-id-1851234' class='answer   answerof-479044 ' value='1851234'   \/><label for='answer-id-1851234' id='answer-label-1851234' class=' answer'><span>Licensing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-479044[]' id='answer-id-1851235' class='answer   answerof-479044 ' value='1851235'   \/><label for='answer-id-1851235' id='answer-label-1851235' class=' answer'><span>Indirect exports<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-51'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons12254\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" class=\"watupro-submit-button\" onclick=\"WatuPRO.submitResult(event)\" id=\"action-button\" value=\"View Results\"  \/>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\n\t<input type=\"hidden\" name=\"quiz_id\" value=\"12254\" id=\"watuPROExamID\"\/>\n\t<input type=\"hidden\" name=\"start_time\" id=\"startTime\" 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479011:1851091,1851092,1851093,1851094 | 479012:1851095,1851096,1851097,1851098 | 479013:1851099,1851100,1851101,1851102 | 479014:1851103,1851104,1851105,1851106 | 479015:1851107,1851108,1851109,1851110 | 479016:1851111,1851112,1851113,1851114 | 479017:1851115,1851116,1851117,1851118 | 479018:1851119,1851120,1851121,1851122 | 479019:1851123,1851124,1851125,1851126 | 479020:1851127,1851128,1851129,1851130 | 479021:1851131,1851132,1851133,1851134,1851135,1851136 | 479022:1851137,1851138,1851139,1851140 | 479023:1851141,1851142,1851143,1851144 | 479024:1851145,1851146,1851147,1851148,1851149,1851150 | 479025:1851151,1851152,1851153,1851154 | 479026:1851155,1851156,1851157,1851158 | 479027:1851159,1851160,1851161,1851162 | 479028:1851163,1851164,1851165,1851166 | 479029:1851167,1851168,1851169,1851170,1851171,1851172 | 479030:1851173,1851174,1851175,1851176 | 479031:1851177,1851178,1851179,1851180 | 479032:1851181,1851182,1851183,1851184,1851185,1851186 | 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