Question 1

Do all totalitarian regimes oppose market economy and strong property rights protection? Elaborate

Accepted Answer

People in the West tend to associate a r...

Question 2

Which of the following is an indicator of low human development in a country?

Accepted Answer

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)   A higher GNI per capita than the United StatesF) C) and D)
G) None of the above

Question 3

As a result of _____,large amounts of economic activity in India are unrecorded and the official GDP figures of the country fail to tell the entire story of the economy.

Accepted Answer

A)   a large population
B)   active bartering
C)   deregulation
D)   nationalization
E)   closed totalitarianismF) C) and E)
G) B) and D)

Question 4

The _____ movement started in Great Britain in the early 1980s when then Prime Minister Margaret Thatcher started to sell state-owned assets such as the British telephone company.

Accepted Answer

A)   nationalization
B)   privatization
C)   anti-democratic
D)   communist
E)   anti-globalizationF) A) and B)
G) A) and D)

Question 5

Which of the following is most likely to be an implication of the global financial crisis of 2008-2009,and the recession that followed?

Accepted Answer

A)   Increase in deregulation
B)   Widespread acceptance of western political ideology
C)   Retrenchment from free markets and democracy
D)   Decrease in the popularity of command economies and totalitarian dictatorships
E)   Abolition of the legal system that protects property rightsF) A) and B)
G) None of the above

Question 6

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism:

Accepted Answer

A)   until they adopt communism.
B)   until property rights are better defined and protected.
C)   if they adopt free market economies.
D)   until their governments monopolize all means of production in their countries.
E)   if they encourage innovation and entrepreneurship.F) A) and E)
G) A) and D)

Question 7

The Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they relax the property rights offered by their legal systems.

Accepted Answer

A) True 
 B)False

Question 8

A country's economic system and property rights regime do not influence the attractiveness of the country as a market or investment site.

Accepted Answer

A) True 
 B)False  False

Question 9

When social unrest and disorder in a country causes drastic changes in its business environment that adversely affect the profit and other goals of a business enterprise,the business enterprise is said to be facing a(n) _____ risk.

Accepted Answer

A)   political
B)   demographic
C)   ethical
D)   technological
E)   physiologicalF) A) and D)
G) A) and B)

Question 10

The United Nation of Zorwaya has strict restrictions on direct investment by foreign enterprises,and it opposes the establishment and operation of private enterprises.The highest authority in the country enforces tight control over prices and production output.According to this information,the United Nation of Zorwaya most likely opposes _____.

Accepted Answer

A)   nationalization of private assets
B)   deregulation
C)   socialism
D)   totalitarian ideologies
E)   command economiesF) A) and B)
G) C) and E)

Question 11

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.

Accepted Answer

A) True 
 B)False  True

Question 12

Which of the following statements is true about gross national income (GNI) ?

Accepted Answer

A)   GNI per person figures take into account national differences in the cost of living.
B)   The large countries of China and India are among the richest on the measure of GNI per capita.
C)   The GNI data gives a dynamic picture of economic development.
D)   Economist Amartya Sen has argued that development should be assessed less by material output measures such as GNI per capita.
E)   GNI per capita is a much broader economic measure than Human Development Index (HDI) .F) B) and D)
G) A) and B)

Question 13

Which of the following creates an unfavorable environment for innovations and entrepreneurship?

Accepted Answer

A)   Market economy
B)   Economic freedom
C)   State monopoly in production
D)   Privatization
E)   Strong legal protection of property rightsF) A) and B)
G) B) and E)

Question 14

Which of the following steps is most likely to be involved in the deregulation of an economy?

Accepted Answer

A)   Increasing restrictions on direct investment by foreign enterprises and international trade
B)   Privatizing the state-owned enterprises
C)   Exercising a high degree of state control over production and pricing
D)   Abolishing the laws that are related to the protection of property rights
E)   Opposing democracy by adopting communismF) D) and E)
G) B) and D)

Question 15

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.

Accepted Answer

A) True 
 B)False

Question 16

What are the various types of risk that a could face in doing business in a particular country?

Accepted Answer

As with costs,the risks of doing busines...

Question 17

According to Freedom House,all democracies are free countries in terms of political and civil liberties.

Accepted Answer

A) True 
 B)False

Question 18

Discuss the concept of deregulation.

Accepted Answer

Deregulation involves removing legal res...

Question 19

Author Francis Fukuyama envisioned a world split into different civilizations,each of which has its own value systems and ideology.

Accepted Answer

A) True 
 B)False  False

Question 20

Only a totalitarian regime that is committed to _____ is capable of promoting economic growth.

Accepted Answer

A)   command economy
B)   dictatorship
C)   limiting human freedom
D)   a market system and strong protection of property rights
E)   limiting individualism and privatizationF) A) and B)
G) A) and C)

Exam 3: Political Economy and Economic Development

Do all totalitarian regimes oppose market economy and strong property rights protection? Elaborate

Correct Answer
verified
People in the West tend to associate a r...
View Answer

Which of the following is an indicator of low human development in a country?

Correct Answer
verified

As a result of _____,large amounts of economic activity in India are unrecorded and the official GDP figures of the country fail to tell the entire story of the economy.

Correct Answer
verified

The _____ movement started in Great Britain in the early 1980s when then Prime Minister Margaret Thatcher started to sell state-owned assets such as the British telephone company.

Correct Answer
verified

Which of the following is most likely to be an implication of the global financial crisis of 2008-2009,and the recession that followed?

Correct Answer
verified

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism:

Correct Answer
verified

The Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they relax the property rights offered by their legal systems.

Correct Answer
verified

A country's economic system and property rights regime do not influence the attractiveness of the country as a market or investment site.

Correct Answer
verified
False

When social unrest and disorder in a country causes drastic changes in its business environment that adversely affect the profit and other goals of a business enterprise,the business enterprise is said to be facing a(n) _____ risk.

Correct Answer
verified

Correct Answer
verified

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.

Correct Answer
verified
True

Which of the following statements is true about gross national income (GNI) ?

Correct Answer
verified

Which of the following creates an unfavorable environment for innovations and entrepreneurship?

Correct Answer
verified

Which of the following steps is most likely to be involved in the deregulation of an economy?

Correct Answer
verified

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.

Correct Answer
verified

What are the various types of risk that a could face in doing business in a particular country?

Correct Answer
verified
As with costs,the risks of doing busines...
View Answer

According to Freedom House,all democracies are free countries in terms of political and civil liberties.

Correct Answer
verified

Discuss the concept of deregulation.

Correct Answer
verified
Deregulation involves removing legal res...
View Answer

Author Francis Fukuyama envisioned a world split into different civilizations,each of which has its own value systems and ideology.

Correct Answer
verified
False

Only a totalitarian regime that is committed to _____ is capable of promoting economic growth.

Correct Answer
verified

Exam 3: Political Economy and Economic Development

Do all totalitarian regimes oppose market economy and strong property rights protection? Elaborate

Correct AnswerverifiedPeople in the West tend to associate a r...View AnswerShow Answer

Which of the following is an indicator of low human development in a country?

Correct AnswerverifiedShow Answer

As a result of _____,large amounts of economic activity in India are unrecorded and the official GDP figures of the country fail to tell the entire story of the economy.

Correct AnswerverifiedShow Answer

The _____ movement started in Great Britain in the early 1980s when then Prime Minister Margaret Thatcher started to sell state-owned assets such as the British telephone company.

Correct AnswerverifiedShow Answer

Which of the following is most likely to be an implication of the global financial crisis of 2008-2009,and the recession that followed?

Correct AnswerverifiedShow Answer

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism:

Correct AnswerverifiedShow Answer

The Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until they relax the property rights offered by their legal systems.

Correct AnswerverifiedShow Answer

A country's economic system and property rights regime do not influence the attractiveness of the country as a market or investment site.

Correct AnswerverifiedFalse

When social unrest and disorder in a country causes drastic changes in its business environment that adversely affect the profit and other goals of a business enterprise,the business enterprise is said to be facing a(n) _____ risk.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedTrue

Which of the following statements is true about gross national income (GNI) ?

Correct AnswerverifiedShow Answer

Which of the following creates an unfavorable environment for innovations and entrepreneurship?

Correct AnswerverifiedShow Answer

Which of the following steps is most likely to be involved in the deregulation of an economy?

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

What are the various types of risk that a could face in doing business in a particular country?

Correct AnswerverifiedAs with costs,the risks of doing busines...View AnswerShow Answer

According to Freedom House,all democracies are free countries in terms of political and civil liberties.

Correct AnswerverifiedShow Answer

Discuss the concept of deregulation.

Correct AnswerverifiedDeregulation involves removing legal res...View AnswerShow Answer

Author Francis Fukuyama envisioned a world split into different civilizations,each of which has its own value systems and ideology.

Correct AnswerverifiedFalse

Only a totalitarian regime that is committed to _____ is capable of promoting economic growth.

Correct AnswerverifiedShow Answer

Correct Answer
verified
People in the West tend to associate a r...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
As with costs,the risks of doing busines...
View Answer

Correct Answer
verified

Correct Answer
verified
Deregulation involves removing legal res...
View Answer

Correct Answer
verified
False

Correct Answer
verified