Question 1

The Greek philosopher Aristotle argued for diversity and private ownership. This laid the groundwork for

Accepted Answer

A)   collectivism.
B)   individualism.
C)   socialism.
D)   totalitarianism.
E)   communism.F) B) and D)
G) C) and D) B

Question 2

Discuss the origins of a common law system and explain the role judges in this system.

Accepted Answer

The common law system evolved in England...

Question 3

A totalitarian political system in which a party, group, or individual that represents the interests of a particular tribe monopolizes political power is referred to as

Accepted Answer

A)   theocratic totalitarianism.
B)   communist totalitarianism.
C)   right-wing totalitarianism.
D)   tribal totalitarianism.
E)   democratic totalitarianism.F) A) and B)
G) A) and C)

Question 4

A ________ law system is based on a detailed set of laws organized into codes.

Accepted Answer

A)   civil
B)   theocratic
C)   common
D)   traditional
E)   religiousF) A) and D)
G) C) and D)

Question 5

What is the most widely practiced theocratic legal system in the modern world?

Accepted Answer

A)   Christian law
B)   Islamic law
C)   Jewish law
D)   Hindu law
E)   Buddhist lawF) All of the above
G) C) and E)

Question 6

The common law system enjoys a degree of flexibility not found in other systems because

Accepted Answer

A)   it is usually found in democratic republics.
B)   it originated from Great Britain and can be found in almost all of its former colonies.
C)   it is interpreted by the law courts with regard to tradition, precedent, and custom.
D)   it is based on a detailed set of laws organized into codes.
E)   it has originated recently-just a decade ago.F) A) and D)
G) None of the above

Question 7

In a criminal case involving product safety law, defendants who are found guilty are subject to fines or imprisonment.

Accepted Answer

A) True 
 B)False

Question 8

A nation based on individualism would agree that

Accepted Answer

A)   communal property is more highly productive than private property.
B)   public good should be preferred over private profit.
C)   state-owned companies should monopolize certain industries.
D)   the welfare of society is best served by some collective body such as government.
E)   free market ideologies should be followed for achieving better standards of living.F) B) and E)
G) All of the above

Question 9

Under the tenets of individualism, citizens should have freedom to choose their own economic and political pursuits.

Accepted Answer

A) True 
 B)False

Question 10

The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted

Accepted Answer

A)   right-wing totalitarianism.
B)   theocratic totalitarianism.
C)   representative democracy.
D)   pure democracy.
E)   totalitarian democracy.F) B) and C)
G) B) and D)

Question 11

In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the economy. Typically, the U.S. government does not interfere in these situations. What type of economy does this exemplify?

Accepted Answer

A)   command
B)   centrally planned
C)   pure market
D)   mixed
E)   laissez-faireF) B) and E)
G) B) and D)

Question 12

The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the energy industry were enraged by this decision. As a result, the government had to reduce the tax burden on all private energy firms so that both the state-owned enterprise and private firms could coexist. What type of economy does this portray?

Accepted Answer

A)   mixed
B)   market-based
C)   command
D)   laissez-faire
E)   communistF) None of the above
G) D) and E)

Question 13

Which legal system is based on tradition, precedent, and custom?

Accepted Answer

A)   common law
B)   civil law
C)   autocracy law
D)   monarchy law
E)   universal lawF) A) and B)
G) B) and E)

Question 14

The strong enforcement of intellectual property laws helps to

Accepted Answer

A)   reduce the piracy (theft)  of intellectual property.
B)   reduce the attractiveness of a country as a market or investment site.
C)   reduce the investments made by companies on basic research.
D)   limit creativity and innovation among people.
E)   prohibit a company from having a monopoly over its breakthrough inventions.F) A) and C)
G) None of the above A

Question 15

Totalitarian states usually have

Accepted Answer

A)   free and fair elections.
B)   free access to state information.
C)   all the basic civil liberties for citizens.
D)   the right to freedom of expression and organization.
E)   media that are heavily censored.F) None of the above
G) B) and C)

Question 16

The country of Maracon downplays individual goals and emphasizes the collective goals of the country. Maracon's political system stresses

Accepted Answer

A)   democracy.
B)   collectivism.
C)   individualism.
D)   capitalism.
E)   privatization.F) D) and E)
G) B) and E) B

Question 17

A common law system is based on tradition and precedent.

Accepted Answer

A) True 
 B)False

Question 18

Cord Paper Corporation has developed a new type of decorative paper. Which type of legal protections can grant the company exclusive rights for a defined period to the manufacture, use, or sale of the new paper?

Accepted Answer

A)   warrant
B)   patent
C)   copyright
D)   trademark
E)   writF) All of the above
G) B) and E)

Question 19

An economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a ________ system.

Accepted Answer

A)   barter
B)   command
C)   market
D)   regulated
E)   centrally plannedF) All of the above
G) A) and E)

Question 20

The benefits, costs, and risks associated with doing business in a country are independent of that country's political, economic, and legal systems.

Accepted Answer

A) True 
 B)False

Exam 2: National Differences in Political, Economic, and Legal Systems

The Greek philosopher Aristotle argued for diversity and private ownership. This laid the groundwork for

Correct Answer
verified
B

Discuss the origins of a common law system and explain the role judges in this system.

Correct Answer
verified
The common law system evolved in England...
View Answer

A totalitarian political system in which a party, group, or individual that represents the interests of a particular tribe monopolizes political power is referred to as

Correct Answer
verified

A ________ law system is based on a detailed set of laws organized into codes.

Correct Answer
verified

What is the most widely practiced theocratic legal system in the modern world?

Correct Answer
verified

The common law system enjoys a degree of flexibility not found in other systems because

Correct Answer
verified

In a criminal case involving product safety law, defendants who are found guilty are subject to fines or imprisonment.

Correct Answer
verified

A nation based on individualism would agree that

Correct Answer
verified

Under the tenets of individualism, citizens should have freedom to choose their own economic and political pursuits.

Correct Answer
verified

The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted

Correct Answer
verified

In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the economy. Typically, the U.S. government does not interfere in these situations. What type of economy does this exemplify?

Correct Answer
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Correct Answer
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Which legal system is based on tradition, precedent, and custom?

Correct Answer
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The strong enforcement of intellectual property laws helps to

Correct Answer
verified
A

Totalitarian states usually have

Correct Answer
verified

The country of Maracon downplays individual goals and emphasizes the collective goals of the country. Maracon's political system stresses

Correct Answer
verified
B

A common law system is based on tradition and precedent.

Correct Answer
verified

Cord Paper Corporation has developed a new type of decorative paper. Which type of legal protections can grant the company exclusive rights for a defined period to the manufacture, use, or sale of the new paper?

Correct Answer
verified

An economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a ________ system.

Correct Answer
verified

The benefits, costs, and risks associated with doing business in a country are independent of that country's political, economic, and legal systems.

Correct Answer
verified

Exam 2: National Differences in Political, Economic, and Legal Systems

The Greek philosopher Aristotle argued for diversity and private ownership. This laid the groundwork for

Correct AnswerverifiedB

Discuss the origins of a common law system and explain the role judges in this system.

Correct AnswerverifiedThe common law system evolved in England...View AnswerShow Answer

A totalitarian political system in which a party, group, or individual that represents the interests of a particular tribe monopolizes political power is referred to as

Correct AnswerverifiedShow Answer

A ________ law system is based on a detailed set of laws organized into codes.

Correct AnswerverifiedShow Answer

What is the most widely practiced theocratic legal system in the modern world?

Correct AnswerverifiedShow Answer

The common law system enjoys a degree of flexibility not found in other systems because

Correct AnswerverifiedShow Answer

In a criminal case involving product safety law, defendants who are found guilty are subject to fines or imprisonment.

Correct AnswerverifiedShow Answer

A nation based on individualism would agree that

Correct AnswerverifiedShow Answer

Under the tenets of individualism, citizens should have freedom to choose their own economic and political pursuits.

Correct AnswerverifiedShow Answer

The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted

Correct AnswerverifiedShow Answer

In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the economy. Typically, the U.S. government does not interfere in these situations. What type of economy does this exemplify?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which legal system is based on tradition, precedent, and custom?

Correct AnswerverifiedShow Answer

The strong enforcement of intellectual property laws helps to

Correct AnswerverifiedA

Totalitarian states usually have

Correct AnswerverifiedShow Answer

The country of Maracon downplays individual goals and emphasizes the collective goals of the country. Maracon's political system stresses

Correct AnswerverifiedB

A common law system is based on tradition and precedent.

Correct AnswerverifiedShow Answer

Cord Paper Corporation has developed a new type of decorative paper. Which type of legal protections can grant the company exclusive rights for a defined period to the manufacture, use, or sale of the new paper?

Correct AnswerverifiedShow Answer

An economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a ________ system.

Correct AnswerverifiedShow Answer

The benefits, costs, and risks associated with doing business in a country are independent of that country's political, economic, and legal systems.

Correct AnswerverifiedShow Answer

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B

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The common law system evolved in England...
View Answer

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A

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B

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