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1) it is easier to establish free trade among a limited number of adjacent countries than
it is among the world community.
2) deregulation involves removing legal restrictions to the free play of markets, the
establishment of private enterprises, and the manner in which private enterprises
operate.
3) a civil law system tends to be more adversarial than a common law system.
4) according to the united nations most changes between 1992 and 2005 to laws
governing fdi have resulted in a less favorable environment for fdi.
5) a country is defined as a system of values and norms that are shared among a group
of people and that when taken together constitute a design for living.
6) in democratic states where individualism is the dominant political philosophy, states
tend to enact laws that severely restrict private enterprise.
7) the amount of value a firm creates is measured by the difference between its costs of
production and the price that it charges for its products.
8) inadequate protections for intellectual property reduce the incentive for innovation.
