INTB 3355 Exam 2 Clicker questions

A contract clause establishing where a dispute will be settled is known as: Choice-of-law clause, Choice-of-forum clause, or Choice-of-location clause?

Choice-of-forum clause

Government seizure of the assets of a handful of companies with compensation is known as: -Confiscation -Expropriation -Nationalization

Expropriation

Developed economies tend to have low savings rates. True or False?

False

Only in communist countries do governments own the factors of production. True or False?

False

There is a worldwide court that has power to enforce its decrees. True or False?

False

_______ refers to the total value of all income generated by the residents of a nation, including both domestic income and income from abroad. Gross Domestic Product, Gross National Income, Gross Domestic Income, or Net national product?

Gross national income

From comparisons of income distribution studies over time, it generally appears that..

Income is more evenly distributed in the richer nations

Where litigation in international disputes should occur is:

Often complex, so contracts should include choice-of-law and choice-of-forum clauses

Nationalization and Privatization are:

Opposing Trends

If a country with a moderate risk of kidnapping presented a great opportunity for investment, would you Buy kidnapping insurance Train your employees on security measures Use private security guards Avoid investment in that country

Train your employees on security measures

Immigration has a positive impact on employers, managers, workers with complementary skills, the federal government; and a negative impact on states with generous social services. True or False?

True

Most developing nations share the following characteristic(s):

Unequal distribution of income, with a very small middle class