DOWNLOAD THE Test Bank for Global Business Today 10th Edition Hill
Hill GBT 10e Chapter
02 Test Bank
True / False Questions
1. The term political economy is used to stress the fact that the political, economic, and legal
systems of a country are independent of each other.
FALSE
We use the term political economy to stress that the political, economic, and legal systems
of a country are interdependent; they interact and influence each other, and in doing so
they affect the level of economic well-being.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Introduction
2. Political systems that emphasize collectivism tend to be democratic, while political systems
that place a high value on individualism tend to be totalitarian.
FALSE
Political systems that emphasize collectivism tend to be totalitarian, while political systems
that place a high value on individualism tend to be democratic.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ. Topic: Political Systems
2-1
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McGraw-Hill Education.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 10th Edition Hill
3. Plato did not equate collectivism with equality.
TRUE
Plato did not equate collectivism with equality; he believed that society should be stratified
into classes, with those best suited to rule administering society for the benefit of all.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
4. Karl Marx advocated state ownership of the basic means of production, distribution, and
exchange (i.e., businesses).
TRUE
Karl Marx advocated state ownership of the basic means of production, distribution, and
exchange (i.e., businesses).
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
5. The social democrats believed that socialism could be achieved only through violent
revolution and totalitarian dictatorship.
FALSE
The social democrats committed themselves to achieving socialism by democratic means,
turning their backs on violent revolution and dictatorship.
2-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 10th Edition Hill
AACSB: Analytical
Thinking Accessibility: Keyboard
Navigation Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
6. By the mid-1990s, communism was rising worldwide.
FALSE
By the mid-1990s, communism was in retreat worldwide.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
7. One of the tenets of collectivism is that the welfare of society is best served by letting
people pursue their own economic self-interest.
FALSE
In collectivist societies, an individual's right to do something may be restricted on the
grounds that it runs counter to "the good of society" or to "the common good." However,
individualism holds that the welfare of society is best served by letting people pursue their
own economic self-interest, as opposed to some collective body (such as government)
dictating what is in society's best interest.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 2 Medium Learning Objective: 02-01 Understand how the
political systems of countries differ. Topic: Political Systems
2-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
mynursytest.store
, DOWNLOAD THE Test Bank for Global Business Today 10th Edition Hill
8. The Cold War was in many respects a war between collectivism, championed by the former
Soviet Union, and individualism, championed by the United States.
TRUE
The Cold War was in many respects a war between collectivism, championed by the former
Soviet Union, and individualism, championed by the United States.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
9. In a totalitarian country, all the constitutional guarantees on which representative
democracies are built—an individual's right to freedom of expression and organization, a
free media, and regular elections—are denied to the citizens.
TRUE
In a totalitarian country, all the constitutional guarantees on which representative
democracies are built—an individual's right to freedom of expression and organization, a
free media, and regular elections—are denied to the citizens.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ. Topic: Political Systems
10. In most democratic states, those who question the right of the rulers to rule find
themselves imprisoned, or worse.
2-4
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
mynursytest.store
Hill GBT 10e Chapter
02 Test Bank
True / False Questions
1. The term political economy is used to stress the fact that the political, economic, and legal
systems of a country are independent of each other.
FALSE
We use the term political economy to stress that the political, economic, and legal systems
of a country are interdependent; they interact and influence each other, and in doing so
they affect the level of economic well-being.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Introduction
2. Political systems that emphasize collectivism tend to be democratic, while political systems
that place a high value on individualism tend to be totalitarian.
FALSE
Political systems that emphasize collectivism tend to be totalitarian, while political systems
that place a high value on individualism tend to be democratic.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ. Topic: Political Systems
2-1
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 10th Edition Hill
3. Plato did not equate collectivism with equality.
TRUE
Plato did not equate collectivism with equality; he believed that society should be stratified
into classes, with those best suited to rule administering society for the benefit of all.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
4. Karl Marx advocated state ownership of the basic means of production, distribution, and
exchange (i.e., businesses).
TRUE
Karl Marx advocated state ownership of the basic means of production, distribution, and
exchange (i.e., businesses).
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
5. The social democrats believed that socialism could be achieved only through violent
revolution and totalitarian dictatorship.
FALSE
The social democrats committed themselves to achieving socialism by democratic means,
turning their backs on violent revolution and dictatorship.
2-2
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
mynursytest.store
,DOWNLOAD THE Test Bank for Global Business Today 10th Edition Hill
AACSB: Analytical
Thinking Accessibility: Keyboard
Navigation Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
6. By the mid-1990s, communism was rising worldwide.
FALSE
By the mid-1990s, communism was in retreat worldwide.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
7. One of the tenets of collectivism is that the welfare of society is best served by letting
people pursue their own economic self-interest.
FALSE
In collectivist societies, an individual's right to do something may be restricted on the
grounds that it runs counter to "the good of society" or to "the common good." However,
individualism holds that the welfare of society is best served by letting people pursue their
own economic self-interest, as opposed to some collective body (such as government)
dictating what is in society's best interest.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 2 Medium Learning Objective: 02-01 Understand how the
political systems of countries differ. Topic: Political Systems
2-3
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
mynursytest.store
, DOWNLOAD THE Test Bank for Global Business Today 10th Edition Hill
8. The Cold War was in many respects a war between collectivism, championed by the former
Soviet Union, and individualism, championed by the United States.
TRUE
The Cold War was in many respects a war between collectivism, championed by the former
Soviet Union, and individualism, championed by the United States.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ.
Topic: Political Systems
9. In a totalitarian country, all the constitutional guarantees on which representative
democracies are built—an individual's right to freedom of expression and organization, a
free media, and regular elections—are denied to the citizens.
TRUE
In a totalitarian country, all the constitutional guarantees on which representative
democracies are built—an individual's right to freedom of expression and organization, a
free media, and regular elections—are denied to the citizens.
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy Learning Objective: 02-01 Understand how the political
systems of countries differ. Topic: Political Systems
10. In most democratic states, those who question the right of the rulers to rule find
themselves imprisoned, or worse.
2-4
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
mynursytest.store
