GBS 1.2

The political, economic and legal systems of a country are called

• National Economy

• Legal Economy

• General Economy

• Political Economy

Individuals who believe socialism can be achieved only through revolutions and totalitarian dictatorship are called

• Social Democrats

• Communists

• Democrats

• Individualists

Which system emphasizes individual freedom and self-expression?

• 1. Individualism

• 1. Collectivism

• Totalitariansim

• Socialism

Which of the following is not one of the three broad types of economic systems?

• Market Economy

• Command Economy

• Mixed Economy

• Free Economy

Which type of risk involves the likelihood that a trading partner will opportunistically break a contract or expropriate intellectual property rights?

• Contract Risk

• Legal Risk

• Economic Risk

• Risk