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5 Written questions

5 Matching questions

  1. What are some generalizations about economic progress?
  2. What is political system?
  3. What are the three prevalent economic systems?
  4. What is totalitarianism?
  5. True or False. The approach to contract law demonstrates the difference between common law and civil law systems
  1. a True
  2. b 1. market economy
    2. command economy
    3. mixed economy
  3. c the system of government in a nation
  4. d Form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties
  5. e 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

5 Multiple choice questions

  1. True
  2. an emphasis on the importance of guaranteeing individual freedom and self-expression (Aristotle)
  3. an adjustment in gross domestic product per capita to reflect differences in cost of living
  4. 1. deregulation
    2. privatization
    3. Legal system to safeguard property rights
  5. a political system that emphasizes collective goals over individual goals (plato)

5 True/False questions

  1. What does a political system shape in a country?the system of government in a nation


  2. What are three categories demonstrated1. the increasing spread of democracy
    2. New world order and terrorism
    3.the spread of market based systems


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


  4. What is the main difference between communist and social democrats?the means by which socialism is achieved e.g. democratic vs. violent and totalitarian


  5. True or False? Common law contracts tend to be more detailed and as a result more constantly but they are more flexible than civil law contracts.True