Question 1

The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted:

Accepted Answer

A)  right-wing totalitarianism. 
B)  theocratic totalitarianism. 
C)  representative democracy. 
D)  pure democracy. 
E)  totalitarian democracy. 
A)  right-wing totalitarianism. 
B)  theocratic totalitarianism. 
C)  representative democracy. 
D)  pure democracy. 
E)  totalitarian democracy.

Question 2

One of the tenets of collectivism is that the welfare of society is best served by letting people pursue their own economic self-interest.

Accepted Answer

A) True 
 B)False

Question 3

How does corruption affect the economic growth rate in a country?

Accepted Answer

Economic evidence suggests that high lev

Question 4

Plato did not equate collectivism with equality.

Accepted Answer

A) True 
 B)False

Question 5

Patents,copyrights,and trademarks establish ownership rights over _____ property.

Accepted Answer

A)  intellectual 
B)  real 
C)  tangible 
D)  non-performing 
E)  stolen 
A)  intellectual 
B)  real 
C)  tangible 
D)  non-performing 
E)  stolen

Question 6

The bundle of legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource are called _____ rights.

Accepted Answer

A)  civil 
B)  political 
C)  shareholder 
D)  property 
E)  public 
A)  civil 
B)  political 
C)  shareholder 
D)  property 
E)  public

Question 7

When intellectual property laws are lax,firms are at a greater risk of having their ideas stolen by local entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 8

The benefits,costs,and risks associated with doing business in a country are independent of that country's political,economic,and legal systems.

Accepted Answer

A) True 
 B)False

Question 9

By adopting the Contracts for the International Sale of Goods (CIGS),a nation signals to other adopters that it will treat the convention's rules as part of its law.

Accepted Answer

A) True 
 B)False

Question 10

Command economies provide a more favorable environment for innovation and entrepreneurs than market economies.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following has been advocated by Karl Marx?

Accepted Answer

A)  Capitalist Society 
B)  Individualism 
C)  Selling state-owned enterprises to private investors 
D)  Socialism 
E)  Private profit over public good 
A)  Capitalist Society 
B)  Individualism 
C)  Selling state-owned enterprises to private investors 
D)  Socialism 
E)  Private profit over public good

Question 12

In most democratic states,those who question the right of the rulers to rule find themselves imprisoned,or worse.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is inconsistent with the Marxist philosophy?

Accepted Answer

A)  Concern over public good rather than private profit 
B)  Monopoly of state-owned companies in certain industries 
C)  Opposing the ideologies of capitalist societies 
D)  Substantial limits on individual political freedom 
E)  Selling state-owned enterprises to private investors 
A)  Concern over public good rather than private profit 
B)  Monopoly of state-owned companies in certain industries 
C)  Opposing the ideologies of capitalist societies 
D)  Substantial limits on individual political freedom 
E)  Selling state-owned enterprises to private investors

Question 14

Which of the following statements is true about product safety and liability laws?

Accepted Answer

A)  There are no criminal product liability laws, only civil product liability laws exist. 
B)  Liability laws are typically most extensive in less developed nations. 
C)  A boom in product liability suits and awards in the United States resulted in a dramatic decrease in the cost of liability insurance. 
D)  Product liability can be much greater if a product does not conform to required safety standards. 
E)  If product safety laws are tougher in a firm's home country than in a host country, the ethical thing to do is to adhere to host-country standards. 
A)  There are no criminal product liability laws, only civil product liability laws exist. 
B)  Liability laws are typically most extensive in less developed nations. 
C)  A boom in product liability suits and awards in the United States resulted in a dramatic decrease in the cost of liability insurance. 
D)  Product liability can be much greater if a product does not conform to required safety standards. 
E)  If product safety laws are tougher in a firm's home country than in a host country, the ethical thing to do is to adhere to host-country standards.

Question 15

In comparison to pure command economies,free market economies lack:

Accepted Answer

A)  private ownership. 
B)  incentives for entrepreneurs. 
C)  incentives to improve products and processes. 
D)  government control over production and pricing. 
E)  vigorous free competition between producers. 
A)  private ownership. 
B)  incentives for entrepreneurs. 
C)  incentives to improve products and processes. 
D)  government control over production and pricing. 
E)  vigorous free competition between producers.

Question 16

Liability laws are typically least extensive in highly developed nations.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following law systems is most likely to be used by a law court if it solves a complicated case related to property rights,by basing his judgment on similar,old cases that have come before the courts?

Accepted Answer

A)  Theocratic law system. 
B)  Civil law system 
C)  Precedent law system 
D)  Religious law system 
E)  Monarchy law system 
A)  Theocratic law system. 
B)  Civil law system 
C)  Precedent law system 
D)  Religious law system 
E)  Monarchy law system

Question 18

The social democratsbelieved that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Accepted Answer

A) True 
 B)False

Question 19

Initech Incorporated,a multinational giant,runs a number of diversified businesses.Which of the following can be considered as an intellectual property of the firm?

Accepted Answer

A)  Income arising from renting lands and buildings 
B)  Profits arising from the sale of agricultural crops 
C)  Interest earned by lending capital to other firms 
D)  Innovations and capabilities, and skills of the employees 
E)  Investments made in raw materials and machinery 
A)  Income arising from renting lands and buildings 
B)  Profits arising from the sale of agricultural crops 
C)  Interest earned by lending capital to other firms 
D)  Innovations and capabilities, and skills of the employees 
E)  Investments made in raw materials and machinery

Question 20

In countries where individual goals are given primacy over collective goals,we are less likely to find market-based economic systems.

Accepted Answer

A) True 
 B)False

The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted:

One of the tenets of collectivism is that the welfare of society is best served by letting people pursue their own economic self-interest.

How does corruption affect the economic growth rate in a country?

Plato did not equate collectivism with equality.

Patents,copyrights,and trademarks establish ownership rights over _____ property.

The bundle of legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource are called _____ rights.

When intellectual property laws are lax,firms are at a greater risk of having their ideas stolen by local entrepreneurs.

The benefits,costs,and risks associated with doing business in a country are independent of that country's political,economic,and legal systems.

By adopting the Contracts for the International Sale of Goods (CIGS),a nation signals to other adopters that it will treat the convention's rules as part of its law.

Command economies provide a more favorable environment for innovation and entrepreneurs than market economies.

Which of the following has been advocated by Karl Marx?

In most democratic states,those who question the right of the rulers to rule find themselves imprisoned,or worse.

Which of the following is inconsistent with the Marxist philosophy?

Which of the following statements is true about product safety and liability laws?

In comparison to pure command economies,free market economies lack:

Liability laws are typically least extensive in highly developed nations.

Which of the following law systems is most likely to be used by a law court if it solves a complicated case related to property rights,by basing his judgment on similar,old cases that have come before the courts?

The social democratsbelieved that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Initech Incorporated,a multinational giant,runs a number of diversified businesses.Which of the following can be considered as an intellectual property of the firm?

In countries where individual goals are given primacy over collective goals,we are less likely to find market-based economic systems.

Globalization

Political Economy and Economic Development

National Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and R-D

Global Human Resource Management

Filters

Exam 2: National Differences in Political Economy

The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted:

One of the tenets of collectivism is that the welfare of society is best served by letting people pursue their own economic self-interest.

How does corruption affect the economic growth rate in a country?

Plato did not equate collectivism with equality.

Patents,copyrights,and trademarks establish ownership rights over _____ property.

The bundle of legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource are called _____ rights.

When intellectual property laws are lax,firms are at a greater risk of having their ideas stolen by local entrepreneurs.

The benefits,costs,and risks associated with doing business in a country are independent of that country's political,economic,and legal systems.

By adopting the Contracts for the International Sale of Goods (CIGS),a nation signals to other adopters that it will treat the convention's rules as part of its law.

Command economies provide a more favorable environment for innovation and entrepreneurs than market economies.

Which of the following has been advocated by Karl Marx?

In most democratic states,those who question the right of the rulers to rule find themselves imprisoned,or worse.

Which of the following is inconsistent with the Marxist philosophy?

Which of the following statements is true about product safety and liability laws?

In comparison to pure command economies,free market economies lack:

Liability laws are typically least extensive in highly developed nations.

Which of the following law systems is most likely to be used by a law court if it solves a complicated case related to property rights,by basing his judgment on similar,old cases that have come before the courts?

The social democratsbelieved that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Initech Incorporated,a multinational giant,runs a number of diversified businesses.Which of the following can be considered as an intellectual property of the firm?

In countries where individual goals are given primacy over collective goals,we are less likely to find market-based economic systems.

Globalization

Political Economy and Economic Development

National Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and R-D

Global Human Resource Management

Filters