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Transition Economies Flashcards | StudBud
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Transition Economies
Transition Economies
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StudBud Administration
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MGMT1101- Global Business Environment
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
A transition economy is one that is changing from a command economy to a market economy.
True
False
2
What was the primary factor that drove Poland's growth
Human Capital
Imports
Exports
Entrepreneurship
3
Favourite Facebook Group?
Subtle Asian Traits
UNSW Discussion Group
UNSW Love Letters
Muzzing/Chopping Appreciation Society
4
What was the main factor allowing new firms to enter the Polish Market?
Low taxes
Natural Resources
Low Entry Barriers
Low cost of living
5
Which of the following are components of a command/centrally planned economy? (More than 1)
State allocation of resources
Entrepreneurship
Private Property Rights
Closed Economy
6
Which of the following characteristics make up a Market Economy? (Note: More than 1 Answer)
Motivation of Self Interest
Supply and demand regulate the economy
Freedom of Choice
Strong Government Influence
7
Which of the following aren't Transitional Economies?
Bulgaria
Ukraine
Germany
Poland
8
Who is this political figure?
Vladimir Putin
Donald Trump
Alexander Lukashenko
Miloš Zeman
9
What is Russia's rank in the Corruption Perception Index 2017?
135
133
2
26
10
Which year did Russia enter the WTO?
2018
2012
2013
1986
11
What is Russia's largest export?
Hydrocarbons
Cotton
Artillery
Aluminium
12
Which of the following are Transition Economies?
Canada
China
United States of America
United Kingdom
