ch.3 quiz
What is an accurate description of how the political economy of many of the world's nation-states has changed radically since the late 1980s?
There has been a move away from centrally planned and mixed economies and toward a more free market economic model.
Nobel Prize-winning economist Amartya Sen would agree that ________ is/are an important factor in development of a country.
basic health care
Corinne has analyzed the overall attractiveness of doing business with three possible countries and has determined that Country A is the best choice based on the potential for huge economic growth that should occur there because of recent advances in technology. Which factor of overall attractiveness is Corinne basing her decision on?
benefits
A country that abolishes laws that regulate private enterprises and removes price controls is in the process of
deregulation
If a country exercises tight control over prices and output, prohibits private enterprises from operating in most sectors of the economy, and severely restricts foreign direct investment and international trade, it is against the practice of
deregulation
When Mark Zuckerberg co-founded Facebook, he was acting as a(n) ________ since he was the first to commercialize this innovative new product.
entrepreneur
U.S.-based Centra Corporation is hesitant about entering into a licensing agreement with Fission, Inc., a company from another nation, due to the likelihood that Fission will break a contract or expropriate property rights. What specific type of risk is Centra Corporation trying to avoid?
legal
What is one of the three measures used to determine the Human Development Index (HDI) of a country?
life expectancy at birth
People in the West tend to associate a representative democracy with
market economic system
Julie asked her assistant to determine the gross national income of three different countries by evaluating the GNI against the cost of living in the United States. What measure is Julie asking her assistant to use?
purchasing power parity
