University of North Carolina BUS 342-11D Exam 2_2016

Exam 2_2016
Question 1
Among GCC economies, which of the following has the the lowest per capita oil and gas production?

Bahrain


Oman


Saudi Arabia


Kuwait


Question 2
Among the following countries, which one has the lowest female labor participation rate?

UAE

Bahrain

Kuwait

Saudi Arabia

Question 3
Among the following economies, which one is not an OECD member?

Romania

Slovakia

Poland

Hungary

Question 4
Commercial shariah is similar to Western business laws in most aspects.

True


False


Question 5
During 2000-2007, absolute poverty in Russia fell by more than 50%.

True


False


Question 6
GCC economies' development can be attributted to the genuinely entrepreneurial class in these economies.

True


False


Question 7
How many economies in the GCC region have a "full-fledged" democracy?

2


3


0


1


Question 8
In 1997, black market accounted for higher share of retail activity in Tajikistan than in Ukraine.

True


False


Question 9
In GCC economies, bureaucrats are not involved in busineses.

True


False


Question 10
In Russia, there is an abundance of management and business skills.

True


False


Question 11
In Russia, unreported income accounted for 15% of wages paid in the late-1990s.

True


False


Question 12
Political entrepreneurship is compatible with the idea of capitalism .

True


False


Question 13
During the mid-2002-mid-2005, Dubai’s stock market grew faster than Qatar's.

True


False


Question 14
In the first half of 1997, black market accounted for what proportion of retailactivity In Tajikistan?

95


60


75


50


Question 15
In the late 1990s, oil and gas accounted for ____ of government revenue in the GCC economies.

60%


80%


64%


70%


Question 16
Institutional rules in PS economies are more ambiguous than in devloped economies.

True


False


Question 17
Institutional rules in PS economies are more conflicting with one another than in devloped economies.

True


False


Question 18
Institutional rules in PS economies are more incomplete than in devloped economies.

True


False


Question 19
Islamic governments in GCC economies have restricted assistance to religious related charities.

True


False


Question 20
It can be argued that institutions in PS economies may do better in promoting entrepreneurship in unproductive forms than those in matured market economies.

True


False


Question 21
Most GCC economies have undertaken substantive institutional reforms.

True


False


Question 22
Most GCC states are facing pressures to liberalize their economies from OECD countries.

True


False


Question 23
Most citizens in GCC economies see a big gap between Islam and democy.

True


False


Question 24
Officials of which of the following countries described the “massive aid” that the country would receive as the main benefit of joining the WTO?

Iran


Jordan


UAE


Syria


Question 25
PS economies' experience indicates that western institutions can be easily transplanted in these economies.

True


False


Question 26
Political entrepreneurship doesn't exist in mature market economies.

True


False


Question 27
Political entrepreneurship is productive most of the times.

True


False


Question 28
SMEs account for 25% of GDP in Russia.

True


False


Question 29
Secret service agents of which of the following countries engaged in organized crimes after the late 1980s?

Bulgaria

Romania

Ukraine

Russia

Question 30
The "shadow economy" as a proportion of GDP is higher in Lithuania than in Russia.

True


False


Question 31
The combined GDP of the GCC region is about US$___________ .

300 billion


750 billion


450 billion


1 trillion


Question 32
Among the following OECD economies, starting a business takes the shortest amount of time in ___________________.

Canada

Australia

the U.S.


Mexico

Question 33
According to the Gulf Investment House, the private wealth of the GCC region was US$ _______ in 2007.

300 billion


750 billion


1.5 trillion


1 trillion


Question 34
Chile is the least corrupt country in the world.

True


False


Question 35
According to the Transparency International’s 2011 Corruption Perceptions Index, the U.S. had a higher level of corruption than Chile.

True


False


Question 36
Chile is the freest economy in the world.

True


False


Question 37
________ of new firms that were started in Hungary in 2007 died within three years.

More than 60%


Less than a quarter


More than half


Less than a fifth


Question 38
According to the Chile 2008 GEM Report, more than half of the entrepreneurs in Chile were necessity-based.

True


False


Question 39
Most of the high-impact entrepreneurs in Poland think that university level educational systems in their country do a good job in teaching entrepreneurial skills.

True


False


Question 40
In 2006, foreign nationals living in the U.S. were inventors or co-inventors in ______ of patent applications filed in the U.S.

More than 60%


Less than a fifth


More than a quarter


Less than a quarter


IncorrectQuestion 41
0 / 2.5 pts
There have been many instances of bid-rigging reported in ___________________.

Canada

Australia

Mexico

the U.S.


Question 42
In 2009, more than half of the municipalities in Mexico had one or more bank branches.

True


False


Question 43
Acción started operating in the U.S. market earlier than Grameen America.

True


False


Question 44
Mexico and Chile are suffering equally from the system based on patronage, cronyism and regionalism.

True


False


Question 45
In Greece, the business sector’s R&D spending is lower than that of the higher education sector.

True


False


Question 46
In 2011, which of the following economies had the highest R&D expenditure as a proportion of GDP?

The U.K.


Israel


Slovakia


Turkey


Question 47
About 8 million adult people do not use formal or semiformal financial services in OECD economies.

True


False


IncorrectQuestion 48
0 / 2.5 pts
Which of the following economies joined the OECD in 2010??

The U.K.


Turkey


Slovakia


Israel


IncorrectQuestion 49
Among the following countries, which one has the least number of procedures required to start a new business?

Ukraine


Czech Republic


Russia


Romania


Question 50
According to the World Bank’s Ease of Doing Business 2013, Singapore was the global top improver in the entrepreneurial climate from June 2011 to May 2012.

True


False


IncorrectQuestion 51
Of the world’s top ten economies that were recognized for making most improvement in the ease of doing business, what proportion were from the FSU&CEE economies?

a quarter


half


three-fourth


two-fifth


Question 52
Russia is described as an example of entrepreneurially successful FSU&CEE economy.

True


False


Question 53
The world’s largest privately-held Internet security company is in Russia.

True


False


IncorrectQuestion 54
0 / 2.5 pts
Among the following economies, which one has the highest costs as a proportion of GDP required to start a new business?

Bulgaria

Hungary

Poland

Romania

IncorrectQuestion 55
Candidate countries' readiness to join the OECD was assessed by theprogresses made in all of the following except __________.

privatization of strategic economic sectors


combating corruption

high standards of corporate governance

protecting intellectual property rights

Question 56
Russia joined the OECD in 2010.

True


False


Question 57
The principles of “Honest State” program were started in Slevenia.

True


False


Question 58
The U.S. has the world's highest economic freedom index.

True


False


Question 59
The U.S. has North America's highest economic freedom index.

True


False


Question 60
In 2011, Mexico had a lower Corruption Perceptions Index than Italy.

True


False


Question 61
Canada has a provision of an automatic stay on assets.

True


False


Question 62
South Korea has a provision of an automatic stay on assets.

True


False


Question 63
South Korea is a global role model for favorable corporate bankruptcy law.

True


False


Question 64
A higher proportion of people in the U.S. view businessmen favorably compared to those in Europe.

True


False


Question 65
According to the Global Entrepreneurship Week Policy Survey of 2012, majority of entrepreneurs in Hungary thought that people who successfully start new firms have at least the same level of status as a manager of a medium-sized company.

True


False


Question 66
According to the 2002 employment census in Mexico, the informal economy employed more people in the country compared the formal economy.

True


False


Question 67
VC investments as a proportion of GDP in 2009 was the world's highest in the U.S.

True


False