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, […]
QUESTION A common law system tends to be less adversarial than a civil law system. Indicate whether the statement is true or false. ANSWER FALSE A civil law system tends to be less adversarial than a common law system, since the judges rely upon detailed legal codes rather than interpreting tradition, precedent, and custom.
QUESTION The needs of society as a whole are generally viewed as being more important than individual freedoms when the emphasis is on: A. democracy. B. collectivism. C. individualism. D. capitalism. E. privatization. ANSWER B Collectivism refers to a political system that stresses the primacy of collective goals over individual goals. When collectivism is […]
QUESTION When law courts interpret civil law, they do so with regard to tradition, precedent, and custom. Indicate whether the statement is true or false. ANSWER FALSE A civil law system is based on a detailed set of laws organized into codes. When law courts interpret civil law, they do so with regard to […]
QUESTION In the country of Normian Republic, an individual’s right to own land is restricted to a large extent on the basis that it runs counter to “the common good.” In this context, which of the following is most likely to be the political system adopted by Normian Republic? A. Individualism B. Democracy C. Collectivism […]
QUESTION Political systems that emphasize collectivism tend to be democratic, while political systems that place a high value on individualism tend to be totalitarian. Indicate whether the statement is true or false. ANSWER FALSE Political systems that emphasize collectivism tend to be totalitarian, while political systems that place a high value on individualism tend […]
QUESTION Plato did not equate collectivism with equality. Indicate whether the statement is true or false. ANSWER TRUE Plato did not equate collectivism with equality; he believed that society should be stratified into classes, with those best suited to rule administering society for the benefit of all.
QUESTION The social democrats believed that socialism could be achieved only through violent revolution and totalitarian dictatorship. Indicate whether the statement is true or false. ANSWER FALSE The social democrats committed themselves to achieving socialism by democratic means, turning their backs on violent revolution and dictatorship.
QUESTION Karl Marx advocated state ownership of the basic means of production, distribution, and exchange (i.e., businesses). Indicate whether the statement is true or false. ANSWER TRUE Karl Marx advocated state ownership of the basic means of production, distribution, and exchange (i.e., businesses).
