which of the following is a step in the shift towards a market based economic system?
creation of a legal system to safeguard property rights
design and names by which merchants or manufacturers designate and differentiate their products are known as __________
trademarks
________, ...
which of the following is a step in the shift towards a market based economic
system? - ANSWER- creation of a legal system to safeguard property rights
design and names by which merchants or manufacturers designate and
differentiate their products are known as __________ - ANSWER- trademarks
________, a nobel prize-winning economist, has argued that development is not
just an economic process, but it is a political one as well. - ANSWER- amartya sen
in several western democracies, the poor performance of state-owned
enterprises, because of protection from competition and guaranteed government
financial support, led to ________. - ANSWER- privatization
one of the reasons for the spread of democracy is the emergence of
_____________ who have pushed for democratic reforms. - ANSWER-
increasingly prosperous middle and working classes
which of the following areas of international trade is regulated by the Foreign
Corrupt Practice Act? - ANSWER- preventing bribery and unethical acts in the
conduct of international business
the tenet of ___________ is that the welfare of society is best served by letting
people pursue their own economic self-interest. - ANSWER- individualism
the state can expropriate the profits from innovation through legal means, such
as ____________. - ANSWER- excessive taxation
, a free market economy in which property rights are protected leads to
subsequent economic growth, which often leads to the establishment of: -
ANSWER- a democratic regime
under the ___________, cases are judged with reference to three characteristics:
tradition, precedent, and custom. - ANSWER- common law system
anecdotal comparisons suggest that the assertion that nations that invest more
in _________ will have higher growth rates is true. - ANSWER- education
which of the following helps in adjusting GNI such that it accounts for the
differences in the cost of living? - ANSWER- purchasing power party (PPP)
adjustment
in a ___________ economy, certain sectors of the economy are left to private
ownership and free market mechanisms while other sectors have significant state
ownership and government planning. - ANSWER- mixed
a market economy encourages innovation because: - ANSWER- economic
freedom leads to greater incentives for innovation
several of the fastest-growing asian economies adopted more ___________
governments during the past three decades, including South Korea and Taiwan. -
ANSWER- democratic
which of the following statements about the legal systems of countries is true? -
ANSWER- they can affect the attractiveness of a country as an investment site or
market.
modern socialism has been popularized largely through the work of
____________. - ANSWER- karl marx
which of the following is a measure that is developed by the United Nations to
measure the quality of life in different nations? - ANSWER- human development
index
in a pure market economy: - ANSWER- production is determined by the
interaction of supply and demand.
interdependent political, economic, and legal systems of a country make up its: -
ANSWER- political economy
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