Based upon British common law, it allows for the interpretation of statutes to specific situations...
What is Case Law
100
governs how a country controls the production, distribution, and consumption of goods and services...
What is an economic system
100
The idea that international business is influenced by the economic and political/legal environments of countries...
What is political economy
100
Group that is distinguished from others in a society based on criteria such as income, net worth, education, family history, political power, or lifestyles...
What is social class
100
creates, interprets, and enforces the laws of a country
What is a legal system
200
Customs union that allows for labor, capital, and technology to move between members...
What is Common Market
200
Economic system in which the free market determines which products are produced, marketed, and priced...
What is a Market Economy
200
Occurs when there is uncertainty about the stability of a political or legal system...
What is political risk
200
Legal systems that attempt to put every possible legal issue into a specific law...
What is statutory law
200
allows for one political system
What is a one party state
300
any legally enforceable promise or set of promises made by one party to another...
What is a contract
300
Economic system which combines market economy characteristics with varying levels of government control...
What is a mixed economy
300
Sets the laws under which businesses operate..
What is political system
300
Country free from external control
What is sovereign state
300
form of government in which citizens elect representatives who, in turn, vote on laws..
What is a republic
400
One party political system in which all property belongs to the state...
What is communism
400
Economic System in which the government acts as the central planner
What is a planned economy
400
Diagram that shows the number of males and females in different age groups in a population...
What is population pyramid
400
Strong form of a mixed economy which sets strong rules and regulations to control business practices and aims to protect all citizens equally...
What is socialism
400
trade treaty that created a free trade zone linking Canada, the United States, and Mexico...
What is NAFTA
500
Misuse of an official position for one's own benefit...
What is corruption
500
economic system in which customs, religious beliefs, and historical patterns determine how economic questions are answered..
What is a traditional economy
500
county under partial control of a larger country
What is protectorate
500
worldwide movement to allow for economic development while minimizing negative impacts on the environment...
What is sustainability
500
Trade agreement that links the United States with Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic...
What is CAFTA (Central America Free Trade Agreement)