Global Business Chapter 3

People in the West tend to associate a representative democracy with

a market economic system.

Nobel Prize-winning economist Amartya Sen would agree that ________ is/are an important factor in development of a country.

basic health care

A country that abolishes laws that regulate private enterprises and removes price controls is in the process 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

A country that has ________ lowers the risk of doing business in that country.

the presence of a strong legal system

A country that has ________ is an unattractive choice for international business.

a closed totalitarian dictatorship

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

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

The spread of democracy among countries is most likely to lead to

the promotion of greater competition.