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10 Cards in this Set
- Front
- Back
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Gross nation income (GNI) person figure can be misleading because ________________ |
they don't consider differences in the cost of living |
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The Human Development Index (HDI) is based on all of the following measure EXCEPT |
political freedom |
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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 |
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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 |
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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 |
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Which of the following factors is NOT likely to make a country a more attractive location for international business |
Planned economic |
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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 |
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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 |
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The likelihood that a trading partner will opportunistically break a contract or expropriate property rights is called a(n) _________. |
Legal risk |
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The likelihood that a trading partner will opportunistically break a contract or expropriate property rights is called a(n) _________. |
Legal risk |
