Question 43 2 out of 2 points according to the

 Question 43
2 out of 2 points
According to the Organization for Economic Cooperation and Development (OECD), many
formerly third world countries are entering into the arena of developing nations.
 Question 44
2 out of 2 points
In a common law system an (_______) approach is used to investigate and adjudicate
guilt or innocence.
 Question 45
0 out of 2 points
The United States designated certain areas (___________) where commercial merchandise
would receive the same customs treatment it would if it were outside the commerce of
the United States.
 Question 46
2 out of 2 points
Local content requirements do not hinder foreign exports from reaching a nation or from
being purchased in the domestic market and place restrictions on domestic businesses.
 Question 47
2 out of 2 points
Which of the following is one of the political issues that significantly impact global
business:
 Question 48
0 out of 2 points
Which of the following are included in the three primary types of global economic
systems?
 Question 49
2 out of 2 points
(______________) is any worldwide factor outside the laws of supply and demand that could
impact the success or failure of any venture moving into the international arena.

 Question 50
2 out of 2 points
Due to the numerous religions in the world, (e.g.such as Christianity, Islam, Buddhism,
and Hinduism), nations find difficulty coming to agreements over theocratic laws.
 Question 51
2 out of 2 points
The United Nations and other global monitoring agencies classify nations with the lowest
economic status as (___________) nations.
 Question 52
2 out of 2 points
GDP is the more common measure of income and production for countries around the
world.
 Question 53
2 out of 2 points
Corruption has been identified by several international organizations as the greatest
single barrier to economic development worldwide.
 Question 54
2 out of 2 points
Governments design (_________), which they normally impose as a (________) percentage
of the value of imports, to discriminate against selected imports by raising the price of
imports relative to domestic prices for the same products.
 Question 55
2 out of 2 points
A trade deficit occurs when a country is exporting more than it is importing.
 Question 56
0 out of 2 points
A market economy is an economic system that allows for the simultaneous operation of