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political economy (think ecosystem) to stress that the political, economic, and legal systems of a country are interdependent; they interact with and influence each other, and in doing so, they affect the level of economic well-being. political system -the political system of a country shapes its economic and legal systems -we mean the system of government in a nation. -Political systems can be assessed according to two dimensions: 1)collectivism as opposed to individualism. 2) democr...

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AGB 302 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ The tenant of ____ is that the welfare of society is best served by letting people pursue their own economic self interest - Individualism Which of the following is a step in the shift toward a market basic economic system? - Creation of the legal system to safeguard property rights Anecdotal comparisons suggest that the assertion that nations that invest more in ____ will have higher growth rates is true - Education In a...

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A japanese executive's ritual of presenting a business card to a foreign business executive is an example of _____________ - Answer - folkways The values and norms of a society influence ________ - Answer - social structure ______________ is a consequence of the emphasis on individual performance in many Western societies - Answer - high degree of managerial mobility The _________ is a closed system of stratification in which social position is determined by the family into which a ...

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