Question 1

Which of the following is an example of deregulation?

Accepted Answer

A)  A country that implements a simplified income tax filing system 
B)  A country that takes over a leading private bank to prevent it from filing for bankruptcy 
C)  A country that provides agricultural subsidies to farmers 
D)  A country that encourages foreign direct investment 
A)  A country that implements a simplified income tax filing system 
B)  A country that takes over a leading private bank to prevent it from filing for bankruptcy 
C)  A country that provides agricultural subsidies to farmers 
D)  A country that encourages foreign direct investment D

Question 2

According to Amartya Sen,development should be:

Accepted Answer

A)  seen as a process of expanding the real freedoms that people experience. 
B)  seen as a non-political concept that focuses on the net income of a country. 
C)  should be viewed as a purely economic process. 
D)  assessed by material output measures such as GNI per capita. 
A)  seen as a process of expanding the real freedoms that people experience. 
B)  seen as a non-political concept that focuses on the net income of a country. 
C)  should be viewed as a purely economic process. 
D)  assessed by material output measures such as GNI per capita. A

Question 3

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.

Accepted Answer

A) True 
 B)False  True

Question 4

The benefits of doing business in a country are a function of all of the following EXCEPT:

Accepted Answer

A)  the size of the market. 
B)  its present wealth. 
C)  its past growth. 
D)  its future growth prospects. 
A)  the size of the market. 
B)  its present wealth. 
C)  its past growth. 
D)  its future growth prospects.

Question 5

Since the late 1980s,there has been a strong move away from a more free market economic model and toward a more centrally planned and mixed economies.

Accepted Answer

A) True 
 B)False

Question 6

Political scientist Samuel Huntington argues that modernization in non-Western societies can result in a retreat toward the traditional.This is exemplified by _____.

Accepted Answer

A)  the Islamic resurgence 
B)  the popularization of modern gadgets 
C)  the adoption of Western culture 
D)  the higher levels of literacy and education 
A)  the Islamic resurgence 
B)  the popularization of modern gadgets 
C)  the adoption of Western culture 
D)  the higher levels of literacy and education

Question 7

In a planned economy,the means of production are owned by private individuals.

Accepted Answer

A) True 
 B)False

Question 8

New information and communication technologies have enabled the spread of democratic ideals.

Accepted Answer

A) True 
 B)False

Question 9

By identifying and investing early in a potential future economic star,international firms can build brand loyalty and gain experience in that country's business practices.

Accepted Answer

A) True 
 B)False

Question 10

Privatization refers to the process of hiring private management consultancy firms to manage state-owned enterprises.

Accepted Answer

A) True 
 B)False

Question 11

Political scientist Samuel Huntington predicts that there will be a more harmonious world dominated by a universal civilization characterized by democratic regimes and free market capitalism.

Accepted Answer

A) True 
 B)False

Question 12

Deregulation involves prohibiting private enterprises from operating in most sectors of the economy.

Accepted Answer

A) True 
 B)False

Question 13

Discuss the three main reasons for the spread of democracy.

Accepted Answer

There are three main reasons for the spr

Question 14

Studies of privatization in central Europe have shown that the process often fails to deliver predicted benefits if the newly privatized firms:

Accepted Answer

A)  stop receiving subsidies from the government. 
B)  are completely owned by private individuals. 
C)  are sheltered from foreign competition. 
D)  are allowed to restructure their operations. 
A)  stop receiving subsidies from the government. 
B)  are completely owned by private individuals. 
C)  are sheltered from foreign competition. 
D)  are allowed to restructure their operations.

Question 15

When communism collapsed,many of the communist countries lacked the legal structure required to protect property rights because all the property was earlier held by the state.

Accepted Answer

A) True 
 B)False

Question 16

Why does doing business in a country with a relatively unsophisticated economy result in increased costs?

Accepted Answer

One of the most important economic varia

Question 17

First-mover advantages are the advantages that accrue to early entrants into a market.

Accepted Answer

A) True 
 B)False

Question 18

Some totalitarian regimes have fostered a market economy and strong property rights protection and have experienced rapid economic growth.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A)  the corruption prevalent in planned economies 
B)  the restricted access to formal education 
C)  the alienation produced by modernization 
D)  the restrictions associated with totalitarian regimes 
A)  the corruption prevalent in planned economies 
B)  the restricted access to formal education 
C)  the alienation produced by modernization 
D)  the restrictions associated with totalitarian regimes

Question 20

Why does education lead to economic development?

Accepted Answer

Nations that invest more in education wi

Which of the following is an example of deregulation?

According to Amartya Sen,development should be:

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.

The benefits of doing business in a country are a function of all of the following EXCEPT:

Since the late 1980s,there has been a strong move away from a more free market economic model and toward a more centrally planned and mixed economies.

Political scientist Samuel Huntington argues that modernization in non-Western societies can result in a retreat toward the traditional.This is exemplified by _____.

In a planned economy,the means of production are owned by private individuals.

New information and communication technologies have enabled the spread of democratic ideals.

By identifying and investing early in a potential future economic star,international firms can build brand loyalty and gain experience in that country's business practices.

Privatization refers to the process of hiring private management consultancy firms to manage state-owned enterprises.

Political scientist Samuel Huntington predicts that there will be a more harmonious world dominated by a universal civilization characterized by democratic regimes and free market capitalism.

Deregulation involves prohibiting private enterprises from operating in most sectors of the economy.

Discuss the three main reasons for the spread of democracy.

Studies of privatization in central Europe have shown that the process often fails to deliver predicted benefits if the newly privatized firms:

When communism collapsed,many of the communist countries lacked the legal structure required to protect property rights because all the property was earlier held by the state.

Why does doing business in a country with a relatively unsophisticated economy result in increased costs?

First-mover advantages are the advantages that accrue to early entrants into a market.

Some totalitarian regimes have fostered a market economy and strong property rights protection and have experienced rapid economic growth.

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

Why does education lead to economic development?

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters

Exam 3: Political Economy and Economic Development

Which of the following is an example of deregulation?

According to Amartya Sen,development should be:

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.

The benefits of doing business in a country are a function of all of the following EXCEPT:

Since the late 1980s,there has been a strong move away from a more free market economic model and toward a more centrally planned and mixed economies.

Political scientist Samuel Huntington argues that modernization in non-Western societies can result in a retreat toward the traditional.This is exemplified by _____.

In a planned economy,the means of production are owned by private individuals.

New information and communication technologies have enabled the spread of democratic ideals.

By identifying and investing early in a potential future economic star,international firms can build brand loyalty and gain experience in that country's business practices.

Privatization refers to the process of hiring private management consultancy firms to manage state-owned enterprises.

Political scientist Samuel Huntington predicts that there will be a more harmonious world dominated by a universal civilization characterized by democratic regimes and free market capitalism.

Deregulation involves prohibiting private enterprises from operating in most sectors of the economy.

Discuss the three main reasons for the spread of democracy.

Studies of privatization in central Europe have shown that the process often fails to deliver predicted benefits if the newly privatized firms:

When communism collapsed,many of the communist countries lacked the legal structure required to protect property rights because all the property was earlier held by the state.

Why does doing business in a country with a relatively unsophisticated economy result in increased costs?

First-mover advantages are the advantages that accrue to early entrants into a market.

Some totalitarian regimes have fostered a market economy and strong property rights protection and have experienced rapid economic growth.

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

Why does education lead to economic development?

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, Importing, and Countertrade

Global Production, Outsourcing, and Logistics

Global Marketing and RD

Global Human Resource Management

Accounting and Finance in the International Business

Filters