Exam 2: National Differences in Political Economy

_____ is a form of totalitarianism which advocates that socialism can be achieved only through a totalitarian dictatorship.

_____ attempt to achieve the same ideologies as that of the communists without violent revolution and totalitarian dictatorship.

Which of the following is a feature of representative democracy?

What are the two ways through which property rights can be violated?

In a _____ economy,all businesses are state owned,the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals.

Which of the following nations is most likely to be unappealing as a place for doing business?

If a country wants to improve its attractiveness as a place for doing business and as an investment site,it should:

Modern socialism traces its intellectual roots to:

Which of the following is most likely to be protected by a copyright?

The regulations imposed under the _____ agreement,oblige WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years.

_____ is the most widely practiced theocratic legal system in the modern world.

Other things being equal,a nation with democratic political institutions,is clearly more attractive as a place in which to do business than a nation that lacks democratic institutions.

The term "public action" refers to the exclusive legal rights of authors,composers,playwrights,artists,and publishers to publish and disperse their work as they see fit.

In a _____ economy,certain sectors of the economy are left to private ownership and free market mechanisms,while in other sectors there is significant state ownership and government planning.

Products of the mind,such as computer software,a screenplay,a music score,or the chemical formula for a new drug,constitute:

In a pure command economy,the goods and services that a country produces,the quantity in which they are produced,and the prices at which they are sold are all dictated by the interaction of demand and supply.

Discuss why command economies tend to stagnate.

Which of the following is true about legal systems?

The governments of China,Vietnam,and Laos are communist in name only because those nations have adopted wide-ranging market-based economic reforms.

After the collapse of communism in Dehran,successful business owners often had to pay "protection money" to the mafia or face violent retribution.In the context of property rights,the behavior of the mafia is an example of: