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True or False
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1
Political economy means that the political, economic and legal systems of a country are independent of each other.
A)True
B)False
2
Individualism is the opposite of collectivism.
A)True
B)False
3
Individualism is an emphasis on the importance of guaranteeing individual freedom and self expression.
A)True
B)False
4
What is commonly referred to as representative totalitarianism is practiced in most modern democratic states.
A)True
B)False
5
Totalitarianism is a form of government involving absolute control over all spheres of life
A)True
B)False
6
Tribal totalitarianism can be found mainly in Asian countries.
A)True
B)False
7
Between 1993 and 2003 the number of "not free" countries increased.
A)True
B)False
8
In a pure market economy all productive activities are publicly owned
A)True
B)False
9
Ideally, in a mixed economy, the goods and services that a country produces and the quantity it produces are not planned by anyone.
A)True
B)False
10
Two main legal traditions exist in the world today: the common law system and the individual law system.
A)True
B)False
11
Property rights can be violated through private action and through public action.
A)True
B)False
12
Generally, property rights are similar among nations
A)True
B)False
13
Canada now has a law regarding the Corruption of Foreign Public Officials meaning it is illegal for Canadians to bribe officials of other governments
A)True
B)False
14
An adjustment in GNI per capita to reflect differences in the cost of living is referred to as purchasing power parity.
A)True
B)False
15
PPP stands for Population Purchasing Profile
A)True
B)False
16
One of the main reasons for the spread of democracy is the spread of new information and communications technologies, which has broken down a nation's ability to control access to uncensored information.
A)True
B)False
17
Deregulation involves adding legal restrictions to the free play of markets
A)True
B)False
18
First-Mover advantages accrue to early entrants into a market
A)True
B)False





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