Exam 3: National Differences in Economic Development

If a country's economy is to sustain long-run economic growth, the business environment must be conducive to the consistent production of product and process innovations and to entrepreneurial activity.

Which of the following statements is most likely to be true about the economic prospects of a country?

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism:

In the context of the changing political economy since the late 1980s, which of the following statements is true?

The collapse of communism will result in the new world order that will be dominated by a universal civilization characterized by democratic regimes and free market capitalism, according to:

Which of the following is based on three measures: life expectancy at birth, educational attainment, and average incomes based on PPP estimates?

Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption, because of:

What are the various types of risks that a business enterprise could face in doing business in a particular country?

The government of Greenland Republic protects its newly privatized firms from foreign competition by imposing stringent barriers to international trade and foreign direct investment. As a result of this, the newly privatized firms will:

Which of the following statements is true about the global changes in political and economic systems?

According to Freedom House, all democracies are free countries in terms of political and civil liberties.

Which of the following movements started in Great Britain in the early 1980s when then Prime Minister Margaret Thatcher started to sell state-owned assets such as the British telephone company?

Which of the following measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country?

Five of the fastest growing economies of the past 30 years-China, South Korea, Taiwan, Singapore, and Hong Kong-had one thing in common at the start of their economic growth: democratic governments.

Due to strong legal protection of property rights, businesses and individuals will:

Which of the following best exemplifies a first-mover advantage?

Which of the following best exemplifies an entrepreneur?

Which of the following is most likely to be the consequence of economic progress?

The United Nation of Amberia, a Western European country, fought on the winning side of the Cold War. Which of the following was most likely being propagated by the country by participating in the Cold War?

What are the implications of changing political economy for international business?