Question 1

The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

Accepted Answer

A) True 
 B)False

Question 2

The belief that geography can influence economic policy,and hence economic growth rates,goes back to:

Accepted Answer

A)   Adam Smith.
B)   Amartya Sen.
C)   Plato.
D)   Aristotle.
E)   Karl Marx.F) B) and D)
G) B) and C)

Question 3

Discuss the significance of legal systems in the context of shifting toward a market-based economic system.

Accepted Answer

A well-functioning market economy requir...

Question 4

If newly privatized firms are protected from foreign competition by barriers to international trade and foreign direct investment,they continue to act like state monopolies.

Accepted Answer

A) True 
 B)False

Question 5

Capricorn Creative Inc.,a U.S.based advertising firm,was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in it's economy.As a result,the firm was able to build brand loyalty and gain experience in that country's business practices.In the language of business strategy,Capricorn Creative has typically benefited from:

Accepted Answer

A)   a first-mover advantage.
B)   forward integration.
C)   unrelated differentiation.
D)   lateral diversification.
E)   technology transfer.F) C) and D)
G) All of the above

Question 6

The work by Jeffrey Sachs suggests that investments in _____ help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America.

Accepted Answer

A)   nuclear weapons
B)   education
C)   terrorist activities
D)   nationalization of private properties
E)   active barteringF) B) and D)
G) B) and C)

Question 7

How does privatization help stimulate gains in economic efficiency?

Accepted Answer

A)   It allows newly privatized firms to gain monopoly position in a particular industry.
B)   It provides incentives to new private owners to search for increases in productivity and to enter new markets.
C)   It encourages state control over price and production output.
D)   It raises barriers to direct investment by foreign enterprises.
E)   It results in reservation of heavy industry for state ownership and the increase of import tariffs.F) All of the above
G) C) and D)

Question 8

In the context of global economy,which of the following has been widely accepted since the late 1980s?

Accepted Answer

A)   Centrally planned command economy
B)   Mixed economy
C)   Nationalization of private property
D)   Deregulation of economies to promote greater competition
E)   Authoritarian regimeF) A) and D)
G) A) and E)

Question 9

Totalitarian states that limit human freedom are highly conducive to progress in terms of innovation,entrepreneurship,and economic growth.

Accepted Answer

A) True 
 B)False

Question 10

In Samuel Huntington's thesis,global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.

Accepted Answer

A) True 
 B)False

Question 11

Discuss Jeffrey Sachs's conception of geography,education,and economic development.

Accepted Answer

Jeffrey Sachs's point is that by virtue ...

Question 12

Which of the following creates an environment that is conducive to product and process innovations and to entrepreneurial activity?

Accepted Answer

A)   Communism
B)   Centrally planned economy
C)   Privatization
D)   Command economy
E)   Lack of strong property rightsF) A) and E)
G) C) and D)

Question 13

The absence of a legal system that protects property rights and the lack of machinery to enforce that system in a market economy usually results in:

Accepted Answer

A)   an improvement in the operating efficiency of newly privatized firms.
B)   reduced barriers to foreign direct investment and international trade.
C)   an increase in the incentives to engage in economic activity.
D)   deregulation and privatization of the economy.
E)   the lack of incentives to engage in economic activity.F) A) and B)
G) A) and C)

Question 14

In Samuel Huntington's thesis,global terrorism is a product of the:

Accepted Answer

A)   clash of value systems and ideology between civilizations.
B)   widespread acceptance of universal global civilization.
C)   declining liberal democratic ideals.
D)   differences in the factor endowments between countries.
E)   geographical differences between nations.F) C) and D)
G) B) and E)

Question 15

It is more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and supporting businesses.

Accepted Answer

A) True 
 B)False

Question 16

In 2010,the PPP per capita of China was $7,640 and the PPP per capita of the United States was $47,360.This means that the:

Accepted Answer

A)   GNI per capita was greater in China.
B)   percent of goods and services consumed in the United States was lower.
C)   standard of living in China was better.
D)   cost of living was lower in China.
E)   annual average GDP growth rate was lower in China.F) A) and B)
G) C) and D)

Exam 3: Political Economy and Economic Development

The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

Correct Answer
verified

If newly privatized firms are protected from foreign competition by barriers to international trade and foreign direct investment,they continue to act like state monopolies.

Correct Answer
verified

Correct Answer
verified

Totalitarian states that limit human freedom are highly conducive to progress in terms of innovation,entrepreneurship,and economic growth.

Correct Answer
verified

The work by Jeffrey Sachs suggests that investments in _____ help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America.

Correct Answer
verified

Which of the following creates an environment that is conducive to product and process innovations and to entrepreneurial activity?

Correct Answer
verified

It is more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and supporting businesses.

Correct Answer
verified

In Samuel Huntington's thesis,global terrorism is a product of the:

Correct Answer
verified

Discuss Jeffrey Sachs's conception of geography,education,and economic development.

Correct Answer
verified
Jeffrey Sachs's point is that by virtue ...
View Answer

The belief that geography can influence economic policy,and hence economic growth rates,goes back to:

Correct Answer
verified

In the context of global economy,which of the following has been widely accepted since the late 1980s?

Correct Answer
verified

The absence of a legal system that protects property rights and the lack of machinery to enforce that system in a market economy usually results in:

Correct Answer
verified

How does privatization help stimulate gains in economic efficiency?

Correct Answer
verified

Discuss the significance of legal systems in the context of shifting toward a market-based economic system.

Correct Answer
verified
A well-functioning market economy requir...
View Answer

In Samuel Huntington's thesis,global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.

Correct Answer
verified

In 2010,the PPP per capita of China was $7,640 and the PPP per capita of the United States was $47,360.This means that the:

Correct Answer
verified

Exam 3: Political Economy and Economic Development

The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

Correct AnswerverifiedShow Answer

If newly privatized firms are protected from foreign competition by barriers to international trade and foreign direct investment,they continue to act like state monopolies.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Totalitarian states that limit human freedom are highly conducive to progress in terms of innovation,entrepreneurship,and economic growth.

Correct AnswerverifiedShow Answer

The work by Jeffrey Sachs suggests that investments in _____ help explain why some countries in Southeast Asia have been able to overcome the disadvantages associated with their tropical geography and grow far more rapidly than tropical nations in Africa and Latin America.

Correct AnswerverifiedShow Answer

Which of the following creates an environment that is conducive to product and process innovations and to entrepreneurial activity?

Correct AnswerverifiedShow Answer

It is more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and supporting businesses.

Correct AnswerverifiedShow Answer

In Samuel Huntington's thesis,global terrorism is a product of the:

Correct AnswerverifiedShow Answer

Discuss Jeffrey Sachs's conception of geography,education,and economic development.

Correct AnswerverifiedJeffrey Sachs's point is that by virtue ...View AnswerShow Answer

The belief that geography can influence economic policy,and hence economic growth rates,goes back to:

Correct AnswerverifiedShow Answer

In the context of global economy,which of the following has been widely accepted since the late 1980s?

Correct AnswerverifiedShow Answer

The absence of a legal system that protects property rights and the lack of machinery to enforce that system in a market economy usually results in:

Correct AnswerverifiedShow Answer

How does privatization help stimulate gains in economic efficiency?

Correct AnswerverifiedShow Answer

Discuss the significance of legal systems in the context of shifting toward a market-based economic system.

Correct AnswerverifiedA well-functioning market economy requir...View AnswerShow Answer

In Samuel Huntington's thesis,global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.

Correct AnswerverifiedShow Answer

In 2010,the PPP per capita of China was $7,640 and the PPP per capita of the United States was $47,360.This means that the:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Jeffrey Sachs's point is that by virtue ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A well-functioning market economy requir...
View Answer

Correct Answer
verified

Correct Answer
verified