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agb 302 quiz 1 agb 302 quiz 1
Study online at https://quizlet.com/_88b8sn
1. Interdependent political, economic, and legal sys- political economy
tems of a country make up its
2. Modern socialism has been popularized largely karl marx
through the work of ________.
3. In several Western democracies, the poor perfor- privatization
mance of state-owned enterprises, because of pro-
tection from competition and guaranteed govern-
ment financial support, led to ________.
4. The tenet of ________ is that the welfare of society individualism
is best served by letting people pursue their own
economic self-interest.
5. in a pure market economy: production is determined by the
interaction of supply and de-
mand.
6. In a ________ economy, certain sectors of the econ- mixed
omy are left to private ownership and free market
mechanisms while other sectors have significant
state ownership and government planning
7. Which of the following statements about the legal They can affect the attractiveness
systems of countries is true? of a country as an investment
site or market.
8. Under the ________, cases are judged with reference common law system
to three characteristics: tradition, precedent, and
custom.
9.
AGB 302 quiz 1- 5
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agb 302 quiz 1 agb 302 quiz 1
Study online at https://quizlet.com/_88b8sn
Which of the following areas of international trade Preventing bribery and unethi-
is regulated by the Foreign Corrupt Practices Act? cal acts in the conduct of inter-
national business
10. Design and names by which merchants or man- trademarks
ufacturers designate and differentiate their prod-
ucts are known as ________
11. One of the reasons for the spread of democracy increasingly prosperous middle
is the emergence of ________ who have pushed for and working classes
democratic reforms
12. Anecdotal comparisons suggest that the assertion education
that nations that invest more in
________ will have higher growth rates is true.
13. Several of the fastest-growing Asian economies democratic
adopted more ________ governments during the
past three decades, including South Korea and Tai-
wan
14. Which of the following helps in adjusting GNI such purchasing power parity adjust-
that it accounts for the differences in the cost of ment
living?
15. Which of the following is a measure that is devel- human development index
oped by the United Nations to measure the quality
of life in different nations?
16. ________, a Nobel Prize-winning economist, has ar- amartya sen
gued that development is not just an economic
process, but it is a political one as well.
17.
AGB 302 quiz 1- 5
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agb 302 quiz 1 agb 302 quiz 1
Study online at https://quizlet.com/_88b8sn
A market economy encourages innovation be- economic freedom leads to
cause: greater incentives for innova-
tion.
18. The state can expropriate the profits from innova- excessive taxation
tion through legal means, such as
________.
19. A free market economy in which property rights a democratic regime
are protected leads to subsequent economic
growth, which often leads to the establishment of:
20. Which of the following is a step in the shift toward Creation of a legal system to
a market-based economic system? safeguard property rights
AGB 302 quiz 1- 5
3/3
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agb 302 quiz 1 agb 302 quiz 1
Study online at https://quizlet.com/_88b8sn
1. Interdependent political, economic, and legal sys- political economy
tems of a country make up its
2. Modern socialism has been popularized largely karl marx
through the work of ________.
3. In several Western democracies, the poor perfor- privatization
mance of state-owned enterprises, because of pro-
tection from competition and guaranteed govern-
ment financial support, led to ________.
4. The tenet of ________ is that the welfare of society individualism
is best served by letting people pursue their own
economic self-interest.
5. in a pure market economy: production is determined by the
interaction of supply and de-
mand.
6. In a ________ economy, certain sectors of the econ- mixed
omy are left to private ownership and free market
mechanisms while other sectors have significant
state ownership and government planning
7. Which of the following statements about the legal They can affect the attractiveness
systems of countries is true? of a country as an investment
site or market.
8. Under the ________, cases are judged with reference common law system
to three characteristics: tradition, precedent, and
custom.
9.
AGB 302 quiz 1- 5
1/3
https://www.stuvia.com/user/passnursingnow
, https://www.stuvia.com/user/passnursingnow
agb 302 quiz 1 agb 302 quiz 1
Study online at https://quizlet.com/_88b8sn
Which of the following areas of international trade Preventing bribery and unethi-
is regulated by the Foreign Corrupt Practices Act? cal acts in the conduct of inter-
national business
10. Design and names by which merchants or man- trademarks
ufacturers designate and differentiate their prod-
ucts are known as ________
11. One of the reasons for the spread of democracy increasingly prosperous middle
is the emergence of ________ who have pushed for and working classes
democratic reforms
12. Anecdotal comparisons suggest that the assertion education
that nations that invest more in
________ will have higher growth rates is true.
13. Several of the fastest-growing Asian economies democratic
adopted more ________ governments during the
past three decades, including South Korea and Tai-
wan
14. Which of the following helps in adjusting GNI such purchasing power parity adjust-
that it accounts for the differences in the cost of ment
living?
15. Which of the following is a measure that is devel- human development index
oped by the United Nations to measure the quality
of life in different nations?
16. ________, a Nobel Prize-winning economist, has ar- amartya sen
gued that development is not just an economic
process, but it is a political one as well.
17.
AGB 302 quiz 1- 5
2/3
https://www.stuvia.com/user/passnursingnow
, https://www.stuvia.com/user/passnursingnow
agb 302 quiz 1 agb 302 quiz 1
Study online at https://quizlet.com/_88b8sn
A market economy encourages innovation be- economic freedom leads to
cause: greater incentives for innova-
tion.
18. The state can expropriate the profits from innova- excessive taxation
tion through legal means, such as
________.
19. A free market economy in which property rights a democratic regime
are protected leads to subsequent economic
growth, which often leads to the establishment of:
20. Which of the following is a step in the shift toward Creation of a legal system to
a market-based economic system? safeguard property rights
AGB 302 quiz 1- 5
3/3
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