QUESTION The work by Jeffrey Sachs suggests that investments in which of the following help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America? A. Nuclear weapons B. Education C. Terrorist activities […]
QUESTION During the late 1980s and early 1990s, many of the world’s nation-states moved away from: A. democratically elected governments. B. free market capitalism. C. individualism. D. political and civil freedoms. E. totalitarian governments. ANSWER E During the late 1980s and early 1990s, a wave of democratic revolutions swept the world. Totalitarian governments collapsed […]
QUESTION In the context of political economy, one notable development of the past 20 years has been the spread of: A. centrally planned economies. B. mixed economies. C. totalitarian governments. D. democracy. E. communism. ANSWER D One notable development of the past 20 years has been the spread of democracy (and, by extension, the […]
QUESTION In the context of the changing political economy since the late 1980s, which of the following statements is true? A. There has been a rapid spread of communism worldwide. B. Capitalist ideologies have been in retreat. C. A wave of totalitarian revolutions has swept the world. D. Most countries have moved toward centrally planned […]
QUESTION How have new information and communication technologies, including the Internet, affected the political economy in general? A. They have led to the spread of communism. B. They have reduced a state’s ability to control access to uncensored information. C. They have led to the collapse of democracy. D. They have created new conduits for […]
QUESTION Which of the following is broadly defined as the development of new products, processes, organizations, management practices, and strategies? A. Privatization B. Economic deregulation C. Boundary spanning D. Innovation E. Benchmarking ANSWER D Innovation refers to the development of new products, processes, organizations, management practices, and strategies.
QUESTION The collapse of which of the following in eastern Europe was precipitated by the growing gulf between the vibrant and wealthy economies of the West and the stagnant economies of the East? A. Democracy B. Communism C. Free economy D. Capitalism E. Individualism ANSWER B The collapse of communism in eastern Europe was […]
QUESTION In both China and India, the shift toward a command-based economic system has produced large gains despite weak property rights and endemic corruption. Indicate whether the statement is true or false. ANSWER FALSE Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption. […]
QUESTION It is more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and supporting businesses. Indicate whether the statement is true or false. ANSWER TRUE It may be more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and […]
QUESTION Social unrest and disorder are less likely to be found in countries that contain more than one ethnic nationality. Indicate whether the statement is true or false. ANSWER FALSE Social unrest and disorder are more likely to be found in countries that contain more than one ethnic nationality.
