Global Dimensions Ch. 2

Public action (to violate property rights occurs when public officials, such as politicians and gov't bureaucrats, extort income, resources, or the property itself from property holders)

Corruption at the government level is considered to be a ________.

individualism

David Hume, Adam Smith, and John Stuart Mill were champions of _____

violent revolution and totalitarian dictatorship

Early 20th century communists believed that Socialism could only be achieved through:

tribal totalitarianism (occurs when a political party that represents the interests of a particular tribe monopolizes power

In Kenya, members of the Kikuyu have dominated the political system under:

supply and demand

In a market economy, the interaction of ___ and ___ determines the quantity in which goods and services are produced

command economy

In this type of economy, the gov't plans the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold.

Marx

Modern socialists trace their roots to whom?

True

T or F: In Islamic Law, the payment or receipt of interest is outlawed by the Koran

False they are least extensive in less developed nations

T or F: Liability laws (involves holding a firm and its officers responsible when a product causes injury, death, or damage) are generally least extensive in developed nations.

False

T or F: There has never been a time when the majority of the world's population lived under communist rule

bribery of foreign officials

The Foreign Corrupt Privacy Act prevents:

civil

The legal system based on a detailed set of laws organized into codes is the ____ law system

common

The legal system based on tradition, precedent, and customs is referred to as the ____ law system

Private action (refers to theft, piracy, blackmail, and the like by private individuals or groups)

The paying of protection money by domestic and foreign businesses in Russia was considered to be a _____.

privatization

The sale of state-owned to private investors, such as what happened in Britain in the 1970's and 80's is a process known as ____

political system

The system of government in a country is referred to as its:

political

The term ______ economy refers to the interdependence of political, economic, and legal systems in a country

patent

This grants an inventor exclusive rights to his invention or process:

theocratic totalitarianism

This type of totalitarianism is found in states where political power is monopolized by a party, group, or individual that rules by religious principles.

Communist Totalitarianism

This version of collectivism advocates that Socialism can be achieved only through a totalitarian dictatorship

1. an individual's right to freedom of expression, opinion, and organization. 2. a free media 3. regular elections in which all eligible citizens are allowed to vote 4. universal adult suffrage 5. limited terms for elected representatives 6. a fair court system that is independent from the political system 7. a nonpolitical state bureaucracy 8. a nonpolitical police force and armed service 9. relatively free access to state information

What are the safeguards of a representative democracy?

It signals to other adopters that the nation will treat the convention's rules as part of its law

What is the significance of a nation adopting the United Nations convention on Contracts for the International Sale of Goods (CIGS)?

High oil and gas prices

What supported Russia's healthy economic growth during much of the 2000's?

b) Smith -Wealth of Nations, 1776

Which of the following philosophers coined the phrase "the invisible hand" that promotes the good of the nation while serving its own interest? a) Hume b) Smith c) Mill

because it is weakly enforced

Why doesn't the Paris Convention for the Protection of Industrial Property not eliminate the theft of intellectual property?

Because populations are too large

Why is pure democracy impractical?

right-wing totalitarianism

_______ generally permits some individual economic freedom but restricts individual political freedom

trademarks

symbols and names that designate products are protected by

copyright

the exclusive legal rights authors, composers, playwrights, artists, and publishers have to publish and disperse their work as they see fit.