QUESTION Although free markets and democracy can still be found around the world, the tide has been running in favor of command economies and totalitarian dictatorships. Indicate whether the statement is true or false. ANSWER FALSE Although command economies remain and totalitarian dictatorships can still be found around the world, the tide has been […]
QUESTION The Human Development Index comes close to Amartya Sen’s conception of how development should be measured, although which of the following, suggested by Sen in his thesis, is not included in the index? A. Basic health care B. Political freedom C. Educational attainment D. Basic average income E. Life expectancy at birth ANSWER […]
QUESTION By identifying and investing early in a potential future economic star, international firms build brand loyalty and gain experience in that country’s business practices. Indicate whether the statement is true or false. ANSWER TRUE By identifying and investing early in a potential future economic star, international firms may build brand loyalty and gain […]
QUESTION Which of the following is an indicator of low human development in a country? A. A score of 0.3 on the HDI scale B. Rapid “democratization” of political communities C. Large population due to a highly developed health care system D. Giving citizens a voice in the important decisions made for the community E. […]
QUESTION Without a legal system that protects property rights, and without the machinery to enforce that system, the incentive to engage in economic activity can be reduced substantially by private and public entities. Indicate whether the statement is true or false. ANSWER TRUE Without a legal system that protects property rights, and without the […]
QUESTION Which of the following best exemplifies an entrepreneur? A. Sam, an employee at a supermarket, is solely responsible for all the purchases and sales at the grocery department. B. Joe recycles old household articles to build phones, radios, and other things for his personal use. C. Max makes his living by investing in small […]
QUESTION A country’s economic system and property rights regime do not influence the attractiveness of the country as a market or investment site. Indicate whether the statement is true or false. ANSWER FALSE The political, economic, and legal environments of a country clearly influence the attractiveness of that country as a market or investment […]
QUESTION According to Freedom House, all democracies are free countries in terms of political and civil liberties. Indicate whether the statement is true or false. ANSWER FALSE Not all democracies are free, according to Freedom House, because some democracies still restrict certain political and civil liberties. For example, Russia was rated “not free.”
QUESTION In Samuel Huntington’s thesis, global terrorism is a product of the tension between civilizations and the clash of value systems and ideology. Indicate whether the statement is true or false. ANSWER TRUE In Huntington’s thesis, global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.
QUESTION Many totalitarian regimes failed to deliver economic progress to the vast bulk of their populations. Indicate whether the statement is true or false. ANSWER TRUE Many totalitarian regimes failed to deliver economic progress to the vast bulk of their populations.
