ECE 644 Test Bank for International Business Competing in the Global Marketplace 9th Edition Hill

ECE 644 Test Bank for International Business Competing in the Global Marketplace 9th Edition Hill Chapter 02 National Differences in Political Economy True / False Questions 1. The two dimensions, according to which the political systems can be assessed, collectivism-individualism and democratic-totalitarian are independent of each other. True False 2. It is possible to have a democratic political system that emphasizes a mix of collectivism and individualism. True False 3. When collectivism is emphasized, an individual's right to do something may be restricted on the grounds that it runs counter to "the good of society." True False ECE 644 Test Bank 4. Plato, to whom the advocacy of collectivism is traced back, did not equate collectivism with equality. True False 5. The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based. True False 6. The communists believed that socialism could be achieved by democratic means, and turned their backs on violent revolution and dictatorship. True False 7. The social democrats believed that socialism could be achieved only through violent revolution and totalitarian dictatorship. True False 8. Modern socialists trace their intellectual roots to Karl Marx (1818-83), although socialist thought clearly predates Marx. True False ECE 644 Test Bank 9. In an individualist society, the welfare of society is best served by letting people pursue their own economic self-interest. True False 10.Aristotle argued that individual diversity and private ownership are undesirable. True False 11.In practical terms, individualism translates into an advocacy for democratic political systems and market economics. True False 12.Most modern democratic states practice representative democracy. True False