Exam 3: National Differences in Economic Development

Although countries such as China and India are currently relatively poor, their economies are already large in absolute terms and growing more rapidly than those of many advanced nations.

How does Author Francis Fukuyama's vision of the new world differ from that of the late influential political scientist Samuel Huntington?

Although China and India are very large markets when measured by number of consumers, they are relatively small markets when measured in economic terms due to their:

Which of the following statements is true about privatization?

Which of the following is most likely to be true about the overall attractiveness of a country as a potential market or investment site for an international business?

Lamboria Republic is facing a high rate of inflation, and the government debt in the country is also high. As a result, the country's business environment is beginning to deteriorate, and the profits of the business enterprises are hurt. According to this information, Lamboria Republic is facing which of the following type of risk?

The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

Why are market economies more conducive to innovation and entrepreneurship than planned or mixed economies?

In the context of political economy, one notable development of the past 20 years has been the spread of:

What type of risk can be defined as the likelihood that a trading partner will opportunistically break a contract or expropriate property rights?

In Amartya Sen's view, development is solely an economic process, and not a political process.

By identifying and investing early in a potential future economic star, international firms build brand loyalty and gain experience in that country's business practices.

When does the process of privatization fail to deliver predicted benefits? What economic conditions are required for privatization to work?

According to the influential economist Jeffrey Sachs, tropical regions have a more extensive division of labor than temperate regions.

Discuss the concept of deregulation.

Countries with which of the following are more likely to attain high and sustained economic growth rates and are thus a more attractive location for international business?

MedPlus Incorporated, based in the United States, hesitates to enter into a joint venture with Azpak Limited, a Sri Lankan company, due to inadequate protection of intellectual property rights. MedPlus is trying to avoid what type of risk?

Which of the following is most likely to be implemented by a country as a part of deregulation?

Totalitarian states, by limiting human freedom, are highly conducive to progress in terms of innovation, entrepreneurship, and economic growth.

A country's economic system and property rights regime do not influence the attractiveness of the country as a market or investment site.