Political and Legal Systems Quiz

Which of the following political systems is characterized by centralized control where a single authority holds most of the power and restricts individual freedoms?

• Democracy

• Socialism

• Totalitarianism

• Federalism

In which political system do citizens participate in decision-making through elected representatives and have significant individual freedoms?

• Totalitarianism

• Democracy

• Socialism

• Feudalism

Which political system emphasizes collective ownership and management of resources, often aiming to reduce inequalities?

• Totalitarianism

• Democracy

• Socialism

• Anarchism

Which type of economic system is typically associated with high levels of political freedom and economic autonomy for individuals?

• Command economies

• Market economies

• Mixed economies

• Traditional economies

Which economic system is characterized by government control over the means of production and limited individual economic freedom?

• Market economies

• Command economies

• Mixed economies

• Liberal economies

Which economic system combines elements of both market and command economies, allowing for both private and public ownership?

• Command economies

• Market economies

• Mixed economies

• Pure socialism

Which of the following risks involves the government taking control of privately owned assets in a foreign country?

• Expropriation

• Embargoes and sanctions

• Boycotts

• Wars, insurrection, and violence

Which political risk involves a government imposing restrictions on trade or financial transactions with other countries?

• Government takeover

• Embargoes and sanctions

• Expropriation

• Boycotts

Which of the following risks involves the potential for business operations to be disrupted due to civil unrest or armed conflict?

• Expropriation

• Government takeover

• Wars, insurrection, and violence

• Embargoes and sanctions

Which strategy involves actively monitoring and analyzing political and economic changes to anticipate and mitigate potential risks?

• Proactive environment scanning

• Strict adherence to ethical standards

• Alliance with qualified local partners

• Protection through legal contracts