INTB 3080: Chapter 2 Quiz Questions and Correct Answers the Latest Update and Recommended Version
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Course
INTB 3080
Institution
INTB 3080
The political economy of a country refers to the interaction of the political, economic, and
_____ systems of a country.
→ legal
A nation that fosters individualism would
→ stress that the interests of the people are more important than the interests of the state.
Political systems that e...
INTB 3080: Chapter 2 Quiz Questions
and Correct Answers the Latest Update
and Recommended Version
The political economy of a country refers to the interaction of the political, economic, and
_____ systems of a country.
→ legal
A nation that fosters individualism would
→ stress that the interests of the people are more important than the interests of the state.
Political systems that emphasize individualism tend to promote _____.
→ democracy
______ refers to a political system that values the needs of society over that of an individual.
→ Collectivism
True or False: According to Karl Marx, the pay of workers in a capitalist society reflects the
full value of their labor.
→ False
In the early 20th century, communists differed from social democrats in that communists
In the last half of the twentieth century, Britain's Conservative Party sold state-owned
enterprises to individual investors in order to create a free market economy. What process
was Britain using to create this economy?
→ Privatization
The Declaration of Independence is an ideal example of the tenets of _____, which emphasize
the importance of individual freedoms.
→ individualism
A ______ refers to a legal right that enables the creator of an original work the right to
publish and distribute their work as they see fit.
→ copyright
Several years ago, a customer brought a lawsuit against McDonald's because the coffee she
purchased at the drive-thru window was hot when she spilled it on herself in her car. This
lawsuit was based on _____.
→ product liability
Which of the following factors would make a country desirable to do business with? (Check all
that apply.)
→ -A market-based economy
→ -Democratic political institutions
______ refers to a political system in which the citizens exercise power directly or elect
representatives to form a governing body.
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