International Business Final Quiz

A country's economic system and property rights regime are reasonably

good predictors of economic prospects.

• TRUE

• FALSE

New information and communication technologies have enabled the

spread of democratic ideals.

• TRUE

• FALSE

Contracts under a civil law system tend to be very detailed with all contingencies spelled out.

• TRUE

• FALSE

To facilitate international business, property rights are defined in a consistent way across

countries.

• TRUE

• FALSE

To improve airport security following a major terrorist attack, the

government of a country takes over the airport security industries This is

an example of privatization.

• TRUE

• FALSE

In mixed economies, in certain sectors the state sets prices, owns

businesses, limits private enterprise, restricts investment by foreigners,

and restricts international trade.

• TRUE

• FALSE

In a totalitarian country, there are safeguards to protect an individual's right to freedom of

expression, opinion, and organization.

• TRUE

• FALSE

The communists believed that socialism could be achieved by democratic means and turned

their backs on violent revolution and dictatorship.

• TRUE

• FALSE

GDP allows a more direct comparison of living standards in different

countries than other measures.

• TRUE

• FALSE

When communism collapsed, many of the communist countries lacked the

legal structure required to protect property rights because all the property

was earlier held by the state.

• TRUE

• FALSE