True false 16 new information and communication

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Fundamentals of Financial Management
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Chapter 2 / Exercise 1B
Fundamentals of Financial Management
Brigham
Expert Verified
True False
16.New information and communication technologies have increased a state’s ability to control access to uncensored information.
17.Many totalitarian regimes failed to deliver economic progress to the vast bulk of their populations.
18.The late Influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.
19.Author Francis Fukuyama envisioned a world split into different civilizations, each of which has its own value systems and ideology. True False
20.In Samuel Huntington’s thesis, global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.
21.When a nation shifts away from a market-based economy, the state-owned businesses are sold to private investors.
22.In general, command and mixed economies failed to deliver the kind of sustained economic performance that was achieved by countries adopting market-based systems.
23.Economic freedom does not necessarily equate with political freedom. True False
24.The shift toward deregulation has been easier for former command economies than for mixed economies.
25.In China, state-owned companies still dominate the banking, energy, telecom, health care, and technology sectors.
26.If newly privatized firms are protected from foreign competition by barriers to international trade and foreign direct investment, they continue to act like state monopolies.
27.A well-functioning market economy does not require laws to protect private property rights and mechanisms for contract enforcement. True False
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Fundamentals of Financial Management
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Chapter 2 / Exercise 1B
Fundamentals of Financial Management
Brigham
Expert Verified
28.Without a legal system that protects property rights, and without the machinery to enforce that system, the incentive to engage in economic activity can be reduced substantially by private and public entities.
29.In most eastern European nations, the title to urban and agricultural property is often uncertain because of incomplete and inaccurate records, multiple pledges on the same property, and unsettled claims resulting from demands for restitution from owners in the pre-Communist era.
30.Although free markets and democracy can still be found around the world, the tide has been running in favor of command economies and totalitarian dictatorships.
31.By identifying and investing early in a potential future economic star, international firms build brand loyalty and gain experience in that country’s business practices. True False
32.A country’s economic system and property rights regime do not influence the attractiveness of the country as a market or investment site.
33.In both China and India, the shift toward a command-based economic system has produced large gains despite weak property rights and endemic corruption.

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