Exam 2: National Differences in Political, Economic, and Legal Systems

Which of the following statements about the legal systems of countries is true?

________ generally permits some individual economic freedom but restricts individual political freedom, frequently on the grounds that it would lead to the rise of communism.

The research and development division of a company has recently designed a new coffee vending machine that is likely to sell very well in the market. It is compact, user-friendly, and provides unprecedented efficiency in terms of cost per cup. Consequently, the company fears that its competitors would soon mimic the design of its product. To protect its product, the company is now seeking a

In a pure market economy,

The TRIPS agreement was designed to

The ________ establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers that have their places of business in different nations.

In Russia, in the chaotic period following the collapse of communism, an outdated legal system, coupled with a weak police force and judicial system, allowed the Russian Mafia to demand "protection money" from business owners. Any business owner who rebelled had to face violent retribution. This violation of property rights exemplifies

To facilitate international business, property rights are defined in a consistent way across countries.

Which system of government generally permits some individual economic freedom but restricts individual political freedom, frequently on the grounds that it would lead to the rise of communism?

A theocratic law system is one in which the law is based on religious teachings.

________ are established through patents, copyrights, and trademarks.

A civil law system tends to be less adversarial than a common law system because the

The most widely practiced theocratic legal system in the modern world is

In a(n) ________ society, the welfare of society is best served by letting people pursue their own economic self-interest.

Which of the following statements about individualism is true?

Violation of property rights done through legal mechanisms such as levying excessive taxation and requiring expensive licenses or permits from property holders is called

________ refers to a state where political power is monopolized by a party, group, or individual that governs according to religious principles.

When ________ is emphasized, an individual's right to do something may be restricted on the grounds that it runs counter to "the good of society."

In a ________ economy, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning.

When Penelope returned home from vacation, she found her store had been robbed and her most valuable merchandise was gone. This violation of property rights is considered private action.