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10 Cards in this Set

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  • Back

Gross nation income (GNI) person figure can be misleading because ________________

they don't consider differences in the cost of living

The Human Development Index (HDI) is based on all of the following measure EXCEPT

political freedom

A ________ grants the inventor of a new product or process exclusive rights for a defined period of time to the manufacture, use, or sale of that invention

Patent

Many states in Asia, Latin America, and Western Europe have shifted away from a mixed economy to a market-based economy. Which of the following measures is most likely to be promoted by such states?

Deregulation of the economy

A common law system is different from a civil law system because:

in a common law system a judge has the power tointerpret the law, while in a civil law systema judge has the power only to apply the law

Which of the following factors is NOT likely to make a country a more attractive location for international business

Planned economic


Sony was a pioneer in the portable music market segment. Sony's Walkman was an innovative product which created a new category altogether and made Sony a technological leader. This gave the company an edge over other consumer electronics brands that introduced portable music players for a very long time. In this example, Sony had the:

first-mover advantage

Google launched Google Plus to gain a share in the social media market. However, given that there are numerous social networking platforms and Facebook is already a leader in social media, Google Plus found it challenging to generate brand loyalty and establish itself in the market. This was because of______

late-mover advantage

The likelihood that a trading partner will opportunistically break a contract or expropriate property rights is called a(n) _________.

Legal risk

The likelihood that a trading partner will opportunistically break a contract or expropriate property rights is called a(n) _________.

Legal risk