Exam 3: National Differences in Economic Development

Google launched Google Plus to gain a foothold in the social media market. However, given that there are numerous social networking platforms and Facebook is already a leader in social media, Google Plus found it challenging to generate brand loyalty and establish itself in the market. This was because of _____.

According to political scientist's thesis is global terrorism a product of the tension between civilizations and the clash of value systems and ideology?

Many totalitarian regimes were able to deliver economic progress to the vast bulk of their populations, which curbed the spread of democracy during the late 1980s.

The costs of doing business in a country tend to be greater if:

A market economy encourages innovation because:

The overall attractiveness of a country as a potential market or investment site for an international business depends on:

Which of the following is one of the three main reasons for the spread of democracy?

A country's economic system and property rights regime are reasonably good predictors of economic prospects.

The economic freedom associated with a _____ creates greater incentives for innovation and entrepreneurship than either a planned or a mixed economy.

GNI allows a more direct comparison of living standards in different countries.

_____, a Nobel Prize-winning economist, has argued that development is not just an economic process, but it is a political one as well.

Which of the following is a characteristic of a command economy?

For privatization to work, it must also be accompanied by:

How does the ownership structure of newly privatized firms affect its functioning?

Which of the following is an example of deregulation?

In a _____, the state owns all means of production.

_____ is seen as a way to stimulate gains in economic efficiency by giving owners a powerful incentive-the reward of greater profits-to search for increases in productivity, to enter new markets, and to exit losing ones.

Many states in Asia, Latin America, and Western Europe have shifted away from a mixed economy to a market-based economy. Which of the following measures is most likely to be promoted by such states?

According to political scientist Samuel Huntington, the rise of Islamic fundamentalism is a response to the:

The long-run monetary benefits of doing business in a country are a function of the size of the market, the present wealth of consumers in that market, and the likely future wealth of consumers.