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

The _____ believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.

Democracy is a form of government that prohibits opposing political parties.

Which of the following areas of international trade is regulated by the Foreign Corrupt Practices Act?

The _____ associated with doing business in a country are a function of that country's political, economic, and legal systems.

In a totalitarian country, there are safeguards to protect an individual's right to freedom of expression, opinion, and organization.

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

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 their product and to protect its product, it is now seeking a _____.

A common law system is different from a civil law system because:

Which of the following is a reason that command economies tend to stagnate?

Systems that emphasize collectivism tend toward _____.

The term _____ stresses that the political, economic, and legal systems of a country are interdependent.

Which of the following is true of criminal liability laws?

Compare and contrast the four forms of totalitarianism.

Discuss individualism. Explain the key positions of the philosophy, it roots, and its role in the modern economy.

A _____ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture, use, or sale of that invention.

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?

In which of the following economies would the government be most likely to take into state ownership troubled firms whose continued operation is thought to be vital to national interests?

Under the _____, cases are judged with reference to three characteristics: tradition, precedent, and custom.

A political system that prioritizes the needs of the society over individual freedoms is called _____.

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