All Questions
Filter by:
Question 1
Free
True/False

The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based.

Choose correct answer/s

True

False

Check answer
Question 2
Free
True/False

The communists believed that socialism could be achieved by democratic means and turned their backs on violent revolution and dictatorship.

Choose correct answer/s

True

False

Check answer
Question 3
Free
True/False

Some believe the Cold War was simply about nuclear proliferation, but in many respects, it was a war between collectivism and individualism.

Choose correct answer/s

True

False

Check answer
Question 4
Free
True/False

Most modern democratic states practice representative democracy.

Choose correct answer/s

True

False

Check answer
Question 5
Free
True/False

Democracy is a form of government that prohibits opposing political parties.

Choose correct answer/s

True

False

Check answer
Question 6
True/False

In a totalitarian country, there are safeguards to protect an individual's right to freedom of expression, opinion, and organization.

Choose correct answer/s
True
False
To unlock the question
Question 7
True/False

The number of command economies has fallen dramatically since the demise of communism in the late 1980s.

Choose correct answer/s
True
False
To unlock the question
Question 8
True/False

The Republic of Elbow has a command economy, and as such, its objective is to encourage free and fair competition between private producers.

Choose correct answer/s
True
False
To unlock the question
Question 9
True/False

In mixed economies, governments tend to take into state ownership troubled firms whose continued operation is thought to be vital to national interests.

Choose correct answer/s
True
False
To unlock the question
Question 10
True/False

A nation's legal system is usually of very little interest to international business managers, because international businesses are headquartered in different countries.

Choose correct answer/s
True
False
To unlock the question
Question 11
True/False

Judge Michaels operates in a country with a civil law system. This system has more flexibility than a common law system.

Choose correct answer/s
True
False
To unlock the question
Question 12
True/False

A theocratic law system is one in which the law is based on religious teachings.

Choose correct answer/s
True
False
To unlock the question
Question 13
True/False

The parties to an agreement normally resort to contract law when one party feels the other has violated either the letter or the spirit of an agreement.

Choose correct answer/s
True
False
To unlock the question
Question 14
True/False

Contracts under a civil law system tend to be very detailed with all contingencies spelled out.

Choose correct answer/s
True
False
To unlock the question
Question 15
True/False

Many of the world's larger trading nations, including India and the United Kingdom, have not ratified the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Choose correct answer/s
True
False
To unlock the question
Question 16
True/False

To facilitate international business, property rights are defined in a consistent way across countries.

Choose correct answer/s
True
False
To unlock the question
Question 17
True/False

Property rights can be violated in two ways-through private action and through public action.

Choose correct answer/s
True
False
To unlock the question
Question 18
True/False

The Foreign Corrupt Practices Act does not allow for grease payments.

Choose correct answer/s
True
False
To unlock the question
Question 19
True/False

Fred wanted to protect his novel from piracy, so he copyrighted it. Patents, copyrights, and trademarks establish ownership rights over intellectual property.

Choose correct answer/s
True
False
To unlock the question
Question 20
True/False

Patents discourage companies from committing themselves to extensive basic research.

Choose correct answer/s
True
False
To unlock the question