Question 1

The number of command economies has fallen dramatically since the demise of communism in the late 1980s.

Accepted Answer

A) True 
 B)False

Question 2

The TRIPS agreement was designed to:

Accepted Answer

A) exclude China from all intellectual property agreements. 
B) oversee a much stricter enforcement of intellectual property regulations. 
C) lobby for more lax intellectual property rights for poor countries. 
D) support traded software and recorded property among developed markets. 
A) exclude China from all intellectual property agreements. 
B) oversee a much stricter enforcement of intellectual property regulations. 
C) lobby for more lax intellectual property rights for poor countries. 
D) support traded software and recorded property among developed markets.

Question 3

Which of the following statements about the legal systems of countries is false?

Accepted Answer

A) They can affect the attractiveness of a country as an investment site or market. 
B) They are influenced by the prevailing political system of the country. 
C) They are almost the same for all countries. 
D) They are of immense importance to international business. 
A) They can affect the attractiveness of a country as an investment site or market. 
B) They are influenced by the prevailing political system of the country. 
C) They are almost the same for all countries. 
D) They are of immense importance to international business.

Question 4

Which of the following refers to the 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?

Accepted Answer

A) Theocratic right 
B) Property right 
C) Trade right 
D) Financial right 
A) Theocratic right 
B) Property right 
C) Trade right 
D) Financial right

Question 5

Discuss why there is inefficiency in a monopoly situation.

Accepted Answer

In a monopoly situation,a firm has no co

Question 6

The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based.

Accepted Answer

A) True 
 B)False

Question 7

What is deregulation?

Accepted Answer

Deregulation is one step in the shift to

Question 8

Which of the following statements about socialism is false?

Accepted Answer

A) Modern socialists' intellectual roots can be traced to Karl Marx. 
B) Elements of socialist thought can be traced to Plato. 
C) Socialist ideology is split into two camps-communists and individualists. 
D) Socialism advocates for state ownership of the means of production. 
A) Modern socialists' intellectual roots can be traced to Karl Marx. 
B) Elements of socialist thought can be traced to Plato. 
C) Socialist ideology is split into two camps-communists and individualists. 
D) Socialism advocates for state ownership of the means of production.

Question 9

Identify the United Nations body that establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations.

Accepted Answer

A) IMF 
B) GATT 
C) WTO 
D) CIGS 
A) IMF 
B) GATT 
C) WTO 
D) CIGS

Question 10

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

Accepted Answer

A) market 
B) private 
C) command 
D) mixed 
A) market 
B) private 
C) command 
D) mixed

Question 11

Contracts under a civil law system tend to be very detailed with all contingencies spelled out.

Accepted Answer

A) True 
 B)False

Question 12

The Foreign Corrupt Practices Act allows for grease payments.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following statements about the trade-related aspects of intellectual property rights agreement is false?

Accepted Answer

A) It was designed to oversee enforcement of much stricter intellectual property regulations,beginning in 1995. 
B) It obliged WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years. 
C) It directed rich countries to comply with its rules of intellectual property protection within five years. 
D) It provided the very poorest countries 10 years to comply with its rules of intellectual property protection. 
A) It was designed to oversee enforcement of much stricter intellectual property regulations,beginning in 1995. 
B) It obliged WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years. 
C) It directed rich countries to comply with its rules of intellectual property protection within five years. 
D) It provided the very poorest countries 10 years to comply with its rules of intellectual property protection.

Question 14

A state where political power is monopolized by a party,group,or individual that governs according to religious principles is best described as following:

Accepted Answer

A) theocratic totalitarianism. 
B) tribal totalitarianism. 
C) right-wing totalitarianism. 
D) communist totalitarianism. 
A) theocratic totalitarianism. 
B) tribal totalitarianism. 
C) right-wing totalitarianism. 
D) communist totalitarianism.

Question 15

Deregulation 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) True 
 B)False

Question 16

Discuss the different ways to protect intellectual property.

Accepted Answer

Ownership rights over intellectual prope

Question 17

What are the three main types of legal systems in use around the world?

Accepted Answer

The three types of legal systems in use

Question 18

A document that specifies the conditions under which an exchange is to occur and details the rights and obligations of the parties involved is BEST known as a:

Accepted Answer

A) contract. 
B) business letter. 
C) memorandum. 
D) civil code. 
A) contract. 
B) business letter. 
C) memorandum. 
D) civil code.

Question 19

Explain the differences between common law and civil law systems by the approach of each to contract law.

Accepted Answer

Contracts drafted under a common law fra

Question 20

Judges under a civil law system have less flexibility than those under a common law system.

Accepted Answer

A) True 
 B)False

The number of command economies has fallen dramatically since the demise of communism in the late 1980s.

The TRIPS agreement was designed to:

Which of the following statements about the legal systems of countries is false?

Which of the following refers to the 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?

Discuss why there is inefficiency in a monopoly situation.

The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based.

What is deregulation?

Which of the following statements about socialism is false?

Identify the United Nations body that establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations.

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

Contracts under a civil law system tend to be very detailed with all contingencies spelled out.

The Foreign Corrupt Practices Act allows for grease payments.

Which of the following statements about the trade-related aspects of intellectual property rights agreement is false?

A state where political power is monopolized by a party,group,or individual that governs according to religious principles is best described as following:

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

Discuss the different ways to protect intellectual property.

What are the three main types of legal systems in use around the world?

A document that specifies the conditions under which an exchange is to occur and details the rights and obligations of the parties involved is BEST known as a:

Explain the differences between common law and civil law systems by the approach of each to contract law.

Judges under a civil law system have less flexibility than those under 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 number of command economies has fallen dramatically since the demise of communism in the late 1980s.

The TRIPS agreement was designed to:

Which of the following statements about the legal systems of countries is false?

Which of the following refers to the 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?

Discuss why there is inefficiency in a monopoly situation.

The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based.

What is deregulation?

Which of the following statements about socialism is false?

Identify the United Nations body that establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations.

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

Contracts under a civil law system tend to be very detailed with all contingencies spelled out.

The Foreign Corrupt Practices Act allows for grease payments.

Which of the following statements about the trade-related aspects of intellectual property rights agreement is false?

A state where political power is monopolized by a party,group,or individual that governs according to religious principles is best described as following:

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

Discuss the different ways to protect intellectual property.

What are the three main types of legal systems in use around the world?

A document that specifies the conditions under which an exchange is to occur and details the rights and obligations of the parties involved is BEST known as a:

Explain the differences between common law and civil law systems by the approach of each to contract law.

Judges under a civil law system have less flexibility than those under 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