Global business2 - The correct answer for each question is...

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The correct answer for each question is indicated by a .
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1 INCORRECT Selling state-owned assets to private investors is usually sufficient to guarantee economic growth. A) True B) False 2 CORRECT First-mover advantages are the advantages that accrue to early entrants to a market. A) True B) False 3 CORRECT The need to make bribe-like payments is greater in closed totalitarian states than in open democratic societies where politicians are held accountable by the electorate. A) True B) False 4 CORRECT Economic risks are independent of political risks. A) True B) False 5 CORRECT The costs and risks associated with doing business in a foreign country are typically lower in economically advanced and politically stable democratic nations and higher in less developed and politically unstable nations. A) True
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B) False 6 INCORRECT A country's political, economic, and legal system constitutes its A) legal economy B) political economy C) economic economy D) FDI economy 7 CORRECT The notion of political system refers to A) cultural values and norms in a country B) a nation's system of government C) a nation's economic standards D) the military relationship of a country with the rest of the world 8 INCORRECT A nation's political system can be assessed A) by measuring the degree to which collectivism is emphasized over individualism and the degree to which the country is democratic versus totalitarian B) by measuring the degree to which totalitarianism is emphasized over collectivism and the degree to which the country is democratic versus totalitarian
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Global business2 - The correct answer for each question is...

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