Economic Development
Political Economy
Nature of Changing Political Economy
Implications of Changing Political Economy
Vocabulary
100
What is Japan, Sweden, Switzerland, and the United States among the richest countries based on A.Gross National Income (GNI) B.Purchasing power parity (PPP) C.Human Development Index (HDI) D.Trade
Gross National Income (GNI)
100
Which economy allows for innovation and entrepreneurship? A.Mixed Economy B.Planned Economy C.Barter Economy D.Market Economy
Market Economy
100
How many nations were considered free as of 2010? a.69 nations b.98 nations c.115 nations d.105 nations
C. 115 nations
100
True/False: Legally, risks arise when a country's legal system fails to provide adequate safeguards in the case of contract violations or to protect property rights.
True
100
What is the development of new products, processes, organizations, management practices, and strategies. A. Entrepreneur B. Innovation C. Just distribution D. Free trade
Innovation
200
What is the adjustment one can make to account for the differences in the cost of living? A.Political risk B.Trade deficit C.Purchasing power parity (PPP) D.Economic risk
Purchasing power parity (PPP)
200
What is the process of selling state-owned enterprises to private investors? A.Stagnation B.Privatization C.Nationalization D.Innovation
Privatization
200
Would all of those nations be considered free or not? True or False
False
200
As an investor, which economic market would be the safest to invest in: A.) Mixed Economy B.) Free Market Economy C.) Command Economy
B.) Free Market Economy
200
What is removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate. A.Firing B.Regulation C.Innovation D.Deregulation
Deregulation
300
What is based on three measures: life expectancy at birth, educational attainment, and whether average incomes, based on PPP estimates, are sufficient to meet the basic needs of life in a country A.Gross national income (GNI) B.Human Development Index (HDI) C.Overall attractiveness D.Social Structure
Human Development Index (HDI)
300
Which allows for economic growth? A.Innovation B.Strong Legal Protection C.Entrepreneurial Activity D.All of the above
All of the above (Innovation,Strong Legal Protection,& Entrepreneurial Activity)
300
Where in the world are the highest number of terrorist attacks? a. Mongolia, Russia, North Korea, Japan b. Somalia, Iraq, Pakistan, Afghanistan c. Iran, Turkey, Hungary, Somalia d. Qatar, Iraq, Syria, Saudi Arabia
b. Somalia, Iraq, Pakistan, Afghanistan
300
Which is not a type of risk involved in investing in a foreign country? A.) Political B.) Legal C.) Consumer D.) Economic
C.) Consumer
300
What is the handicaps that late entrants to the market might suffer? A.Late- mover disadvantages B. Privatization C.First-mover advantages D.Intellectual property
Late-mover disadvantages
400
What is the reason some countries official figures are not accurate? A.The black economy B.Political risk C.The green economy D.Legal system
The black economy
400
Innovations in production and business processes lead to an increase in the productivity of ______ and ______ . A.labor and capital B.technology and software C.trade and communism D.capital and trade
labor and capital
400
What countries so far have had an economic boost because they broke off from Communism? a. Poland and Czech Republic b. Egypt and Russia c. Jamaica and Chile d. Bolivia and Turkey
a. Poland and Czech Republic
400
Which of the following is not a visible indicator of economic mismanagement in a country? A.) Their inflation rate B.) Their level of business debt C.) Their level of government debt D.) Change of political regime
D.) Change of political regime
400
What is the likelihood that events, including economic mismanagement, will cause drastic changes in a country's business environment that adversely affect the profit and other goals of a particular business enterprise A.Individual Risk B.Economic Risk C.Legal Risk D.Political Risk
Economic Risk
500
What is the name of the Nobel prize winner that's influential thesis developed the Human development index. A.Yoko Ono B.Sen Amartya C.Hayao Miyazaki D.Amartya Sen
Sen Amartya
500
What is one thing that China, South Korea, Singapore, and Hong Kong have at the start of their economic growth? A.Democratic governments B.Socialist Governments C.Undemocratic governments D.No government
Undemocratic governments
500
Which country has the freest economy? a.Brazil b.New Zealand c.Hong Kong d.Switzerland
C. Hong Kong
500
What is overinvestment? A.) Investing more than is logical into a company B.) Going into personal debt due to investments C.) When companies budget to invest more than the actual cost of a project D.) When people invest too much into an industry(s) than can be justified by demand needs
D.) When people invest too much into an industry(s) than can be justified by demand needs
500
What is the likelihood that a trading partner will opportunistically break a contract or expropriate intellectual property rights? A.Economic Risk B.Individual Risk C.Legal Risk D.Political Risk
Legal Risk
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