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5 Written questions

5 Matching questions

  1. What is a legal system?
  2. What is private action?
  3. What is a democracy?
  4. What is the fault with CIGS?
  5. What is the main difference between communist and social democrats?
  1. a political system in which government is by the people, exercised either directly or though elected representatives
  2. b the theft piracy, blackmail, and the like by private individuals or groups
  3. c a system of rules that regulate behavior and the process by which the laws are enforced and through which the redress of grievance is obtained
  4. d the means by which socialism is achieved e.g. democratic vs. violent and totalitarian
  5. e Not many countries have ratified the convention only 70

5 Multiple choice questions

  1. 1. private action
    2. public action
  2. a political philosophy advocating substantial public involvement, through government ownership, in the means of production and distribution; it would benefit society as a whole
  3. 1. common law
    2. civil law
    3. theocratic law
  4. 1. GDI(Gross National Income)
    2. Purchasing Power Parity (PPP)
    3.Human Development Index
  5. 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)

5 True/False questions

  1. What are some generalizations about economic progress?1. innovation and entrepreneurship are the engines of long term growth
    2. Innovation and Entrepreneurship Require a Market Economy
    3. Innovation and Entrepreneurship Require Strong Property Rights

          

  2. What is deregulation?the extortion of income or resources of property holders by public officials such as politicians and government bureaucrats

          

  3. What is public action?the extortion of income or resources of property holders by public officials such as politicians and government bureaucrats

          

  4. What is HDI?an adjustment in gross domestic product per capita to reflect differences in cost of living

          

  5. True of False? The Foreign Corrupt Practices Act allows for grease payments to secure or expedite governmenta 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)