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In democracies the principles of free trade and market forces are encouraged -Of these legal systems, which one is based on past legal practices and precedents set by the country’s courts through processes of interpreting past rulings, legislation and statutes? ______ are the three major types of political systems -Totalitarianism, socialism, and democracy On which of the following is Islamic law based? An element of socialism often seen in democratic societies is ____. -Pg 211A legal system whose origins are basically legislative and which is based on laws passed by local and national legislatures is Civil Law. How international firms do business in mixed and command economies is affected by the actions of public officials, institutions and government agencies. This is not the case in free market economies. Democracy is highly associated with transparency and openness. Chapter 7 Economics and Emerging Markets In the use, the unemployment rate indicates the ____. -Pg 262
Which of the following is most likely a FALSE statement about income inequality? Regarding inequality of income, three of the following are true facts and one is not. Which statement is not true? History suggests that if the economic crisis worsens, we are likely to see more people question the ___. -Pg 245, 246Assume that using US capital, a Ford truck is manufactured and assembled in a Ford plant in Mexico. When the US GNI is computed the value of the truck would___. -Be added to the GNI of the United State but not the GNI of Mexico-Pg 252, 253 Pender Pharmaceuticals is considering expanding overseas and is focusing primarily on the BRICs. Which of the following countries is one that Pender is considering?Which of the following is NOT a characteristic of capitalism? -Pg 246Country X is in the process of transforming from a command economy to a market economy. This process most likely involves ____. An economic system is the set of structures and processes that ___ in a country.