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5 Written questions

5 Matching questions

  1. What are the three prevalent economic systems?
  2. What is the CIGS?
  3. What are some generalizations about economic progress?
  4. political economy
  5. What are the different types of legal systems?
  1. a 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. b 1. common law
    2. civil law
    3. theocratic law
  3. c 1. market economy
    2. command economy
    3. mixed economy
  4. d 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
  5. e the political, economic, and legal systems of a country

5 Multiple choice questions

  1. the means by which socialism is achieved e.g. democratic vs. violent and totalitarian
  2. True
  3. does not consider cost of living
  4. individual freedom and self expression and that society welfare is best served by letting people pursue their own economic self-intrest
  5. an attempt by the UN to asses the impact of a number of factors on the quality of human life in a country

5 True/False questions

  1. What is tribal totalitarianism?Form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties

          

  2. What is collectivism?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

          

  3. What is totalitarianism?ethnic group monopolizes power

          

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

          

  5. True or False? Currently there are huge debates as to what economic system leads to development. Is it democracy or mixed economy?1. market economy
    2. command economy
    3. mixed economy

          

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