QUESTION Which of the following is true about communism? A. Communism propagates the idea of “private profit rather than public good.” B. By the mid-1990s communism started rising worldwide. C. China has moved sharply away from strict adherence to communist ideology in the economic sphere. D. Communists committed themselves to achieving socialism by turning their […]
QUESTION The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted: A. right-wing totalitarianism. B. theocratic totalitarianism. C. representative democracy. D. pure democracy. E. totalitarian democracy. ANSWER A The fascist regimes that ruled Germany and Italy in the 1930s and 1940s were right-wing totalitarian states.
QUESTION Which of the following is inconsistent with Marxist philosophy? A. Concern over public good rather than private profit B. Monopoly of state-owned companies in certain industries C. Opposing the ideologies of capitalist societies D. Substantial limits on individual political freedom E. Selling state-owned enterprises to private investors ANSWER E Karl Marx advocated state […]
QUESTION The sale of state-owned enterprises to independent, nonpublic investors is referred to as: A. privatization. B. nationalization. C. collectivism. D. communalism. E. public action. ANSWER A Privatization involves the sale of state-owned enterprises to private investors.
QUESTION Which of the following can be traced to the ancient Greek philosopher Aristotle? A. Collectivism B. Individualism C. Socialism D. Totalitarianism E. Communism ANSWER B Individualism can be traced to the ancient Greek philosopher Aristotle.
QUESTION The Cedian government believes that its citizens should have complete freedom in their economic and political pursuits, and the Cedian ideology is “private profit over public good.” In this context, it can be said that Cedia most likely follows the philosophy of: A. totalitarianism. B. socialism. C. individualism. D. communism. E. Marxism. ANSWER […]
QUESTION The benefits, costs, and risks associated with doing business in a country are independent of that country’s political, economic, and legal systems. Indicate whether the statement is true or false. ANSWER FALSE The benefits, costs, and risks associated with doing business in a country are a function of that country’s political, economic, and […]
QUESTION Which of the following statements is true about political systems? A. The political system of a country is independent of its economic and legal systems. B. The political system of a country is of no importance to international business. C. It is not possible to have democratic societies that emphasize a mix of collectivism […]
QUESTION Which of the following systems is a part of the political economy? A. Religious system B. Value system C. Demographic system D. Legal system E. Technological system ANSWER D Collectively we refer to the political, economic, and legal systems as constituting the political economy of a country. This emphasizes the fact that the […]
QUESTION Other things being equal, a nation with democratic political institutions is clearly more attractive as a place in which to do business than a nation that lacks democratic institutions. Indicate whether the statement is true or false. ANSWER TRUE Other things being equal, a nation with democratic political institutions, a market-based economic system, […]
