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h h h h h h h h h h
Chapter 02 Nh h
ational Differences in Political, Economic, and Legal Systems
h h h h h h h
Trueh/hFalsehQuestions
1. Thehtermhpoliticalheconomyhishusedhtohstresshthehfacththaththehpolitical,heconomic,handhlegalhsystems
h ofhahcountryharehindependenthofheachhother.
True False
2. Politicalhsystemshthathemphasizehcollectivismhtendhtohbehdemocratic,hwhilehpoliticalhsystemshthat
h placehahhighhvaluehonhindividualismhtendhtohbehtotalitarian.
True False
3. Platohdidhnothequatehcollectivismhwithhequality.
True False
4. KarlhMarxhadvocatedhstatehownershiphofhthehbasichmeanshofhproduction,hdistribution,handhexchange
h (i.e.,hbusinesses).
True False
5. Thehsocialhdemocratshbelievedhthathsocialismhcouldhbehachievedhonlyhthroughhviolenthrevolution
h andhtotalitarianhdictatorship.
True False
6. Byhthehmid-1990s,hcommunismhwashrisinghworldwide.
True False
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7. Onehofhthehtenetshofhcollectivismhishthaththehwelfarehofhsocietyhishbesthservedhbyhlettinghpeople
h pursuehtheirhownheconomichself-interest.
True False
8. Inhpracticalhterms,hindividualismhtranslateshintohanhadvocacyhforhdemocratichidealshandhfreehmarket
h economics.
True False
9. ThehColdhWarhwashinhmanyhrespectshahwarhbetweenhcollectivism,hchampionedhbyhthehformerhSoviet
h Union,handhindividualism,hchampionedhbyhthehUnitedhStates.
True False
10. Inhpracticalhterms,hcollectivismhcreateshahmorehfavorablehenvironmenthforhinternationalhbusinesses
h tohoperatehinhthanhindividualism.
True False
11. Inhahtotalitarianhcountry,hallhthehconstitutionalhguaranteeshonhwhichhrepresentativehdemocracieshare
h built—
anhindividual'shrighthtohfreedomhofhexpressionhandhorganization,hahfreehmedia,handhregularhelection
s—arehdeniedhtohthehcitizens.
True False
12. Inhmosthdemocratichstates,hthosehwhohquestionhthehrighthofhthehrulershtohrulehfindhthemselves
h imprisoned,horhworse.
True False
13. ThehgovernmentshofhChina,hVietnam,handhLaosharehcommunisthinhnamehonlyhbecausehthosehnations
h havehadoptedhwide-ranging,hmarket-basedheconomichreforms.
True False
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14. Allhright-winghdictatorshipshdisplayhanhaffinityhtowardhsocialisthorhcommunisthideas.
True False
15. Inhahpurehcommandheconomy,hthehgoodshandhserviceshthathahcountryhproduces,hthehquantityhinhw
hichhtheyharehproduced,handhthehpriceshathwhichhtheyharehsoldharehallhdictatedhbyhthehinteractionho
fhdemandhandhsupply.
True False
16. Commandheconomieshprovidehahmorehfavorablehenvironmenthforhinnovationhandhentrepreneurs
h thanhmarketheconomies.
True False
17. Ahcommonhlawhsystemhtendshtohbehlesshadversarialhthanhahcivilhlawhsystem.
True False
18. Whenhlawhcourtshinterprethcivilhlaw,htheyhdohsohwithhregardhtohtradition,hprecedent,handhcustom.
True False
19. Judgeshunderhahcivilhlawhsystemhhavehlesshflexibilityhthanhthosehunderhahcommonhlawhsystem.
True False
20. Islamichlawhishprimarilyhahmoralhratherhthanhahcommercialhlawhandhishintendedhtohgovernhallhaspects
h ofhlife.
True False
21. Comparedhtohahcommonhlawhsystem,hithishmorehexpensivehtohdrawhuphcontractshinhahcivilhlaw
h jurisdiction.
True False
2-3
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22. ByhadoptinghthehContractshforhthehInternationalhSalehofhGoodsh(CIGS),hahnationhsignalshtohother
h adoptershthathithwillhtreaththehconvention'shruleshashparthofhitshlaw.
True False
23. WhenhfirmshdohnothwishhtohaccepththehContractshforhthehInternationalhSalehofhGoods,htheyhoftenhopt
h forharbitrationhbyhahrecognizedharbitrationhcourthtohsettlehcontracthdisputes.
True False
24. Intellectualhpropertyhlawshstimulatehinnovationhandhcreativehwork.
True False
25. Thehtermh"publichaction"hrefershtohthehexclusivehlegalhrightshofhauthors,hcomposers,hplaywrights,
h artists,handhpublishershtohpublishhandhdispersehtheirhworkhashtheyhseehfit.
True False
26. Liabilityhlawsharehtypicallyhthehleasthextensivehinhhighlyhdevelopedhnations.
True False
27. Whenhproducthsafetyhlawsharehtougherhinhahfirm'shhomehcountryhthanhinhahforeignhcountry,hthe
h ethicalhthinghtohdohishtohadherehtohhome-countryhstandards.
True False
28. Thehbenefits,hcosts,handhriskshassociatedhwithhdoinghbusinesshinhahcountryharehindependenthofhthat
h country'shpolitical,heconomic,handhlegalhsystems.
True False
29. Otherhthingshbeinghequal,hahnationhwithhdemocratichpoliticalhinstitutionshishclearlyhmorehattractivehas
h ahplacehinhwhichhtohdohbusinesshthanhahnationhthathlackshdemocratichinstitutions.
True False
2-4
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h h h h h h h h h h
Chapter 02 Nh h
ational Differences in Political, Economic, and Legal Systems
h h h h h h h
Trueh/hFalsehQuestions
1. Thehtermhpoliticalheconomyhishusedhtohstresshthehfacththaththehpolitical,heconomic,handhlegalhsystems
h ofhahcountryharehindependenthofheachhother.
True False
2. Politicalhsystemshthathemphasizehcollectivismhtendhtohbehdemocratic,hwhilehpoliticalhsystemshthat
h placehahhighhvaluehonhindividualismhtendhtohbehtotalitarian.
True False
3. Platohdidhnothequatehcollectivismhwithhequality.
True False
4. KarlhMarxhadvocatedhstatehownershiphofhthehbasichmeanshofhproduction,hdistribution,handhexchange
h (i.e.,hbusinesses).
True False
5. Thehsocialhdemocratshbelievedhthathsocialismhcouldhbehachievedhonlyhthroughhviolenthrevolution
h andhtotalitarianhdictatorship.
True False
6. Byhthehmid-1990s,hcommunismhwashrisinghworldwide.
True False
2-1
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7. Onehofhthehtenetshofhcollectivismhishthaththehwelfarehofhsocietyhishbesthservedhbyhlettinghpeople
h pursuehtheirhownheconomichself-interest.
True False
8. Inhpracticalhterms,hindividualismhtranslateshintohanhadvocacyhforhdemocratichidealshandhfreehmarket
h economics.
True False
9. ThehColdhWarhwashinhmanyhrespectshahwarhbetweenhcollectivism,hchampionedhbyhthehformerhSoviet
h Union,handhindividualism,hchampionedhbyhthehUnitedhStates.
True False
10. Inhpracticalhterms,hcollectivismhcreateshahmorehfavorablehenvironmenthforhinternationalhbusinesses
h tohoperatehinhthanhindividualism.
True False
11. Inhahtotalitarianhcountry,hallhthehconstitutionalhguaranteeshonhwhichhrepresentativehdemocracieshare
h built—
anhindividual'shrighthtohfreedomhofhexpressionhandhorganization,hahfreehmedia,handhregularhelection
s—arehdeniedhtohthehcitizens.
True False
12. Inhmosthdemocratichstates,hthosehwhohquestionhthehrighthofhthehrulershtohrulehfindhthemselves
h imprisoned,horhworse.
True False
13. ThehgovernmentshofhChina,hVietnam,handhLaosharehcommunisthinhnamehonlyhbecausehthosehnations
h havehadoptedhwide-ranging,hmarket-basedheconomichreforms.
True False
2-2
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14. Allhright-winghdictatorshipshdisplayhanhaffinityhtowardhsocialisthorhcommunisthideas.
True False
15. Inhahpurehcommandheconomy,hthehgoodshandhserviceshthathahcountryhproduces,hthehquantityhinhw
hichhtheyharehproduced,handhthehpriceshathwhichhtheyharehsoldharehallhdictatedhbyhthehinteractionho
fhdemandhandhsupply.
True False
16. Commandheconomieshprovidehahmorehfavorablehenvironmenthforhinnovationhandhentrepreneurs
h thanhmarketheconomies.
True False
17. Ahcommonhlawhsystemhtendshtohbehlesshadversarialhthanhahcivilhlawhsystem.
True False
18. Whenhlawhcourtshinterprethcivilhlaw,htheyhdohsohwithhregardhtohtradition,hprecedent,handhcustom.
True False
19. Judgeshunderhahcivilhlawhsystemhhavehlesshflexibilityhthanhthosehunderhahcommonhlawhsystem.
True False
20. Islamichlawhishprimarilyhahmoralhratherhthanhahcommercialhlawhandhishintendedhtohgovernhallhaspects
h ofhlife.
True False
21. Comparedhtohahcommonhlawhsystem,hithishmorehexpensivehtohdrawhuphcontractshinhahcivilhlaw
h jurisdiction.
True False
2-3
Copyrighth©h2016hMcGraw-
HillhEducation.hAllhrightshreserved.hNohreproductionhorhdistributionhwithouththehpriorhwrittenhconsenthofh McGraw-HillhEducation.
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h h h h h h h h h h
22. ByhadoptinghthehContractshforhthehInternationalhSalehofhGoodsh(CIGS),hahnationhsignalshtohother
h adoptershthathithwillhtreaththehconvention'shruleshashparthofhitshlaw.
True False
23. WhenhfirmshdohnothwishhtohaccepththehContractshforhthehInternationalhSalehofhGoods,htheyhoftenhopt
h forharbitrationhbyhahrecognizedharbitrationhcourthtohsettlehcontracthdisputes.
True False
24. Intellectualhpropertyhlawshstimulatehinnovationhandhcreativehwork.
True False
25. Thehtermh"publichaction"hrefershtohthehexclusivehlegalhrightshofhauthors,hcomposers,hplaywrights,
h artists,handhpublishershtohpublishhandhdispersehtheirhworkhashtheyhseehfit.
True False
26. Liabilityhlawsharehtypicallyhthehleasthextensivehinhhighlyhdevelopedhnations.
True False
27. Whenhproducthsafetyhlawsharehtougherhinhahfirm'shhomehcountryhthanhinhahforeignhcountry,hthe
h ethicalhthinghtohdohishtohadherehtohhome-countryhstandards.
True False
28. Thehbenefits,hcosts,handhriskshassociatedhwithhdoinghbusinesshinhahcountryharehindependenthofhthat
h country'shpolitical,heconomic,handhlegalhsystems.
True False
29. Otherhthingshbeinghequal,hahnationhwithhdemocratichpoliticalhinstitutionshishclearlyhmorehattractivehas
h ahplacehinhwhichhtohdohbusinesshthanhahnationhthathlackshdemocratichinstitutions.
True False
2-4
Copyrighth©h2016hMcGraw-
HillhEducation.hAllhrightshreserved.hNohreproductionhorhdistributionhwithouththehpriorhwrittenhconsenthofh McGraw-HillhEducation.
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