QUESTION In which countries are we likely to find free market economies? A. Countries where the good of the society has precedence over private profit B. Countries where individual goals are given primacy over collective goals C. Countries where state-owned enterprises have a monopoly in certain industries D. Countries that have adopted communism as their […]
QUESTION What is the most widely practiced theocratic legal system in the modern world? A. Christian law B. Islamic law C. Jewish law D. Hindu law E. Buddhist law ANSWER B Islamic law is the most widely practiced theocratic legal system in the modern world.
QUESTION Which of the following refers to an economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced? A. Barter B. Command C. Market D. Regulated E. Centrally planned ANSWER C A market economy is an economic system in which the interaction of supply […]
QUESTION Jewish law is an example of what type of law system? A. Autocratic B. Civil C. Common D. Theocratic E. Universal ANSWER D Jewish law is an example of a theocratic law system. Islamic law is the most widely practiced theocratic legal system in the modern world, although usage of both Hindu and […]
QUESTION Which of the following is true about the three main types of legal systems? A. Judges under a civil law system have more flexibility than those under a common law system. B. The common law system evolved in the United States over hundreds of years. C. Although Islamic law is primarily concerned with moral […]
QUESTION In what type of economy are all businesses state owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals? A. Free market B. Deregulated C. Pure command D. Mixed E. […]
QUESTION In the context of individualism, which of the following is inconsistent with the works of the ancient Greek philosopher Aristotle? A. Guaranteeing individual freedom B. Government dictating what is in the best interest of society C. Guaranteeing self-expression D. Committing to private ownership E. Treating individual diversity as desirable ANSWER B A tenet […]
QUESTION In practical terms, which of the following translates into an advocacy for democratic ideals and free market economics, which in general creates the most favorable environment for international businesses to operate in? A. Collectivism B. Totalitarianism C. Individualism D. Communism E. Socialism ANSWER C In practical terms, individualism translates into an advocacy for […]
QUESTION Which of the following is a feature of representative democracy? A. Restrictions on an individual’s right to freedom of expression, opinion, and organization B. Inability of the citizens to vote out elected representatives who fail to perform their job adequately at the next election C. An unlimited term for elected representatives D. A court […]
QUESTION Which of the following is a form of government in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties? A. Capitalism B. Totalitarianism C. Pure democracy D. Republicanism E. Representative democracy ANSWER B Totalitarianism is a form of government in which one […]
