Question 1

The most practical form of democracy is direct democracy.

Accepted Answer

A) True 
 B)False

Question 2

GNI and PPP data are useful because they provide a dynamic analysis of economic development.

Accepted Answer

A) True 
 B)False

Question 3

Social democracy:

Accepted Answer

A) as an ideology may prove to be more enduring than communism. 
B) has perhaps had its greatest influence in a number of democratic Asian countries. 
C) has had no influence in any democratic Western nation. 
D) had greatest influence in Eastern European nations like Poland,Czechoslovakia,and Hungary. 
A) as an ideology may prove to be more enduring than communism. 
B) has perhaps had its greatest influence in a number of democratic Asian countries. 
C) has had no influence in any democratic Western nation. 
D) had greatest influence in Eastern European nations like Poland,Czechoslovakia,and Hungary.

Question 4

_____ involves removing legal restrictions to the free play of markets,the establishment of private enterprises,and the manner in which private enterprises operate.

Accepted Answer

A) A product law 
B) Trade certification 
C) Deregulation 
D) A liability law 
A) A product law 
B) Trade certification 
C) Deregulation 
D) A liability law

Question 5

It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged.

Accepted Answer

A) True 
 B)False

Question 6

Identify the incorrect statement pertaining to innovation and entrepreneurship.

Accepted Answer

A) They are the engines of growth 
B) They require state ownership of all means of production 
C) They require a market economy 
D) They require strong property rights 
A) They are the engines of growth 
B) They require state ownership of all means of production 
C) They require a market economy 
D) They require strong property rights

Question 7

Individualism can best be described by which of the following statements?

Accepted Answer

A) It as a philosophy suggests that an individual should have freedom over his/her economic and political pursuits. 
B) It is a political system in which government control over all factors of production is in entirety. 
C) It is a political system that stresses the primacy of collective goals over individual goals. 
D) It is a form of government in which one person or political party exercises absolute control over all spheres of human life. 
A) It as a philosophy suggests that an individual should have freedom over his/her economic and political pursuits. 
B) It is a political system in which government control over all factors of production is in entirety. 
C) It is a political system that stresses the primacy of collective goals over individual goals. 
D) It is a form of government in which one person or political party exercises absolute control over all spheres of human life.

Question 8

A _____ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture,use,or sale of that invention.

Accepted Answer

A) copyright 
B) trademark 
C) contract 
D) patent 
A) copyright 
B) trademark 
C) contract 
D) patent

Question 9

Discuss individualism.Explain the key positions of the philosophy,it roots,and its role in the modern economy.

Accepted Answer

Individualism refers to a philosophy tha

Question 10

The HDI is based on all of the following measures except:

Accepted Answer

A) political freedom. 
B) life expectancy at birth. 
C) educational attainment. 
D) whether average incomes are sufficient to meet the basic needs of life. 
A) political freedom. 
B) life expectancy at birth. 
C) educational attainment. 
D) whether average incomes are sufficient to meet the basic needs of life.

Question 11

_____ is consistent with the notion that an individual's right to do something may be restricted because it runs counter to "the good of society" or "the common good."

Accepted Answer

A) Entrepreneurship 
B) Collectivism 
C) Free enterprise 
D) Capitalism 
A) Entrepreneurship 
B) Collectivism 
C) Free enterprise 
D) Capitalism

Question 12

The general assertion that nations that invest more in education will have higher growth rates has been proved false.

Accepted Answer

A) True 
 B)False

Question 13

Which system of government generally permits some individual economic freedom but restricts individual political freedom,frequently on the grounds that it would lead to the rise of communism?

Accepted Answer

A) Tribal totalitarianism 
B) Right-wing totalitarianism 
C) Left wing totalitarianism 
D) Theocratic totalitarianism 
A) Tribal totalitarianism 
B) Right-wing totalitarianism 
C) Left wing totalitarianism 
D) Theocratic totalitarianism

Question 14

Discuss collectivism.What ideals does the philosophy support? Where did the philosophy start? How does collectivism exist in the modern world?

Accepted Answer

A collectivist political system is one t

Question 15

One of the reasons for the spread of democracy is the emergence of increasingly prosperous middle and working classes who have pushed for democratic reforms.

Accepted Answer

A) True 
 B)False

Question 16

There is a strong relationship between economic freedom and economic growth.

Accepted Answer

A) True 
 B)False

Question 17

Identify the tree types of economic systems.How do the three types of economic systems differ from each? How are they the same?

Accepted Answer

In a pure market economy,all productive

Question 18

Which of the following statements about political systems and their interrelated dimensions is false?

Accepted Answer

A) Systems that emphasize collectivism tend toward totalitarianism. 
B) Systems that place a high value on individualism tend to be democratic. 
C) Democratic societies can emphasize a mix of collectivism and individualism. 
D) It is impossible to have totalitarian societies that are not collectivist. 
A) Systems that emphasize collectivism tend toward totalitarianism. 
B) Systems that place a high value on individualism tend to be democratic. 
C) Democratic societies can emphasize a mix of collectivism and individualism. 
D) It is impossible to have totalitarian societies that are not collectivist.

Question 19

Collectivist inclined totalitarian states tend to be pro-private enterprise and pro-consumer.

Accepted Answer

A) True 
 B)False

Question 20

A civil law system tends to be more adversarial than a common law system.

Accepted Answer

A) True 
 B)False

The most practical form of democracy is direct democracy.

GNI and PPP data are useful because they provide a dynamic analysis of economic development.

Social democracy:

_____ involves removing legal restrictions to the free play of markets,the establishment of private enterprises,and the manner in which private enterprises operate.

It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged.

Identify the incorrect statement pertaining to innovation and entrepreneurship.

Individualism can best be described by which of the following statements?

A _____ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture,use,or sale of that invention.

Discuss individualism.Explain the key positions of the philosophy,it roots,and its role in the modern economy.

The HDI is based on all of the following measures except:

_____ is consistent with the notion that an individual's right to do something may be restricted because it runs counter to "the good of society" or "the common good."

The general assertion that nations that invest more in education will have higher growth rates has been proved false.

Which system of government generally permits some individual economic freedom but restricts individual political freedom,frequently on the grounds that it would lead to the rise of communism?

Discuss collectivism.What ideals does the philosophy support? Where did the philosophy start? How does collectivism exist in the modern world?

One of the reasons for the spread of democracy is the emergence of increasingly prosperous middle and working classes who have pushed for democratic reforms.

There is a strong relationship between economic freedom and economic growth.

Identify the tree types of economic systems.How do the three types of economic systems differ from each? How are they the same?

Which of the following statements about political systems and their interrelated dimensions is false?

Collectivist inclined totalitarian states tend to be pro-private enterprise and pro-consumer.

A civil law system tends to be more adversarial than a common law system.

Globalization

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 Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting,Importing,and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters

Exam 2: National Differences in Political Economy

The most practical form of democracy is direct democracy.

GNI and PPP data are useful because they provide a dynamic analysis of economic development.

Social democracy:

_____ involves removing legal restrictions to the free play of markets,the establishment of private enterprises,and the manner in which private enterprises operate.

It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged.

Identify the incorrect statement pertaining to innovation and entrepreneurship.

Individualism can best be described by which of the following statements?

A _____ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture,use,or sale of that invention.

Discuss individualism.Explain the key positions of the philosophy,it roots,and its role in the modern economy.

The HDI is based on all of the following measures except:

_____ is consistent with the notion that an individual's right to do something may be restricted because it runs counter to "the good of society" or "the common good."

The general assertion that nations that invest more in education will have higher growth rates has been proved false.

Which system of government generally permits some individual economic freedom but restricts individual political freedom,frequently on the grounds that it would lead to the rise of communism?

Discuss collectivism.What ideals does the philosophy support? Where did the philosophy start? How does collectivism exist in the modern world?

One of the reasons for the spread of democracy is the emergence of increasingly prosperous middle and working classes who have pushed for democratic reforms.

There is a strong relationship between economic freedom and economic growth.

Identify the tree types of economic systems.How do the three types of economic systems differ from each? How are they the same?

Which of the following statements about political systems and their interrelated dimensions is false?

Collectivist inclined totalitarian states tend to be pro-private enterprise and pro-consumer.

A civil law system tends to be more adversarial than a common law system.

Globalization

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 Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting,Importing,and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting in the International Business

Financial Management in the International Business

Filters