QUESTION Which of the following statements is true about the late influential political scientist Samuel Huntington’s vision of the new world? A. Samuel Huntington maintained that as societies continue modernizing they will also become more Western. B. Samuel Huntington theorized that modernization in non-Western societies can result in a retreat toward the traditional. C. Samuel […]
QUESTION Which of the following statements is true about the global changes in political and economic systems? A. The West lost the Cold War, and East European communist ideology is now widespread. B. A lack of deregulation has been the cause for the global financial crisis of 2008-2009, and the recession that followed. C. It […]
QUESTION Which of the following is most likely to prove detrimental to democracy and international business? A. Emergence of increasingly prosperous middle and working classes B. Development of new information and communication technologies C. Dominance of a universal civilization which leads to the establishment of a more harmonious world D. Transformation of nations from centrally […]
QUESTION Many commentators have blamed the problems that led to global financial crisis of 2008-2009, and the recession that followed on: A. a lack of free markets. B. a lack of regulation. C. the political ideologies followed in the Asian countries. D. a strong presence of command economies. E. a lack of privatization and liberalization. […]
QUESTION In Samuel Huntington’s thesis, global terrorism is a product of the: A. clash of value systems and ideology between civilizations. B. widespread acceptance of universal global civilization. C. declining liberal democratic ideals. D. differences in the factor endowments between countries. E. geographical differences between nations. ANSWER A In Huntington’s thesis, global terrorism is […]
QUESTION Which of the following is an implication of the global changes in political and economic systems for international business? A. The ideological conflict between collectivism and individualism is less in evidence today. B. Adoption of Western ideology is declining worldwide. C. The global tide has been running in favor of command economies and totalitarian […]
QUESTION The government of Great Lanthania is planning to adopt a market-based economic system. To be able to do so, the government of this country should: A. abolish the laws that deal with protection of property rights. B. introduce stringent foreign investment regulations. C. increase its intervention in the economy. D. adopt privatization. E. oppose […]
QUESTION Which of the following statements is true about the changing economic system since the 1980s? A. There has been a shift from market-based economies to centrally planned economies. B. There has been a shift away from a mixed economy. C. Many states have restricted the sale of state-owned businesses to private investors. D. The […]
QUESTION In the context of global economy, which of the following has been widely accepted since the late 1980s? A. Centrally planned command economy B. Mixed economy C. Nationalization of private property D. Deregulation of economies E. Authoritarian regime ANSWER D
QUESTION Which of the following is most likely to be implemented by a country as a part of deregulation? A. Prohibition of private enterprises from operating in certain sectors B. Commitment toward communism C. Removal of price controls D. Centrally planned economic system E. Increased restrictions on foreign direct investment ANSWER C Deregulation involves […]
