National Differences in Political, Economic, and Legal Systems

What is the main difference between collectivism and individualism?

• Collectivism emphasizes individual goals over collective goals

• Individualism emphasizes collective goals over individual goals

• Collectivism emphasizes collective goals over individual goals

• Individualism emphasizes individual goals over collective goals

Which political system advocates achieving socialism through totalitarian dictatorship?

• Communist totalitarianism

• Theocratic totalitarianism

• Tribal totalitarianism

• Right wing totalitarianism

In a pure market economy, how are the goods and services produced determined?

• By supply and demand

• By government planning

• By state-owned enterprises

• By monopolies

Which legal system is based on tradition, precedent, and custom?

• Common law

• Civil law

• Theocratic law

• International law

What is the purpose of the United Nations Convention on Contracts for the International Sales of Goods (CISG)?

• To establish a uniform set of rules for contract enforcement

• To promote free and fair competition between private producers

• To protect intellectual property rights

• To limit corruption in international business

What is the term for the legal rights over the use and income derived from a resource?

• Intellectual property rights

• Property rights

• Contract rights

• Human rights

Which country ranked last in the 2013 International Property Rights Index (IPRI)?

• United States

• Germany

• Japan

• Burundi

What is the purpose of product safety laws?

• To regulate business practice

• To protect intellectual property

• To establish safety standards for products

• To hold firms responsible for product liability

What is the penalty for bribing a foreign government official under the Foreign Corrupt Practices Act?

• Fine

• Imprisonment

• Both fine and imprisonment

• No penalty

Which type of economic system includes elements of both a market economy and a command economy?

• Market economy

• Command economy

• Mixed economy

• Socialist economy