5 Written Questions
5 Matching Questions
- What is deregulation?
- What is collectivism?
- political economy
- In modern times socialism replaces collectivism, what is socialism?
- What is political system?
- a the political, economic, and legal systems of a country
- b a political system that emphasizes collective goals over individual goals (plato)
- c the system of government in a nation
- d a political philosophy advocating substantial public involvement, through government ownership, in the means of production and distribution; it would benefit society as a whole
- e removal of government restrictions conceding the conduct of business such price control allowing for free market play, abolishing laws concerning private enterprises and their operations, and removing restrictions on FDI and international trade
5 Multiple Choice Questions
- it shapes the country's economic and legal systems
- 1. deregulation
3. Legal system to safeguard property rights
- 1. Communist totalitarianism
2. Theocratic totalitarianism
3. Tribal totalitarianism
4. Right-Wing Totalitarianism
- a version of collectivism advocating that socialism can achieved only through a totalitarian dictatorship
- 1. common law
2. civil law
3. theocratic law
5 True/False Questions
True of False? The Foreign Corrupt Practices Act allows for grease payments to secure or expedite government → a U.S. law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions (OCED and the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions)
What is a democracy? → political system in which government is by the people, exercised either directly or though elected representatives
What is the CIGS? → United Convention on Contracts for the International sale of Goods is a set rules governing certain aspects of the making and performance of commercial contracts between sellers and buyers who have their places of business in different nations
What are some other "factors" that tend to hinder economic development? → 1. Geography; land-lock areas and tropical regions grow more slowly
2. Education is crucial for development
What are the two dimension by which political systems can be assessed? → 1. private action
2. public action