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51. Which of the following is a form of totalitarianism which advocates that socialism can be achieved only
through a totalitarian dictatorship?
52. States that limit the freedom of religious expression with laws based on religious principles most likely
follow the political system of:
53. A totalitarian political system in which a party, group, or individual that represents the interests of a
particular ethnic group monopolizes political power is referred to as:
54. Which of the following generally permits individual economic freedom, but restricts individual political
freedom on the grounds that it would lead to the rise of communism?
55. The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted:
56. A common feature of many right-wing dictatorships is:
57. In which countries are we likely to find free market economies?
58. Which of the following refers to an economic system in which the interaction of supply and demand
determines the quantity in which goods and services are produced?
59. Which of the following statements is most likely to be true regarding private ownership?
60. In what type of economy are all businesses state owned, the rationale being that the government can then
direct them to make investments that are in the best interests of the nation as a whole rather than in the interests
of private individuals?
61. In comparison to market economies, command economies lack:
62. In what type of economy are certain sectors of the economy left to private ownership and free market
mechanisms, while in other sectors there is significant state ownership and government planning?
63. In mixed economies, governments sometimes tend to take into state ownership troubled firms whose
continued operation is thought to be vital to national interests. Once a government takes into state ownership
such troubled firms, they are said to be:
64. Which of the following is true about the three broad types of economic systems?
65. The Boldovian government took Sea Lion Inc., a domestic, private shipbuilding firm, into state ownership
to save the company from bankruptcy. However, the other private competitors in the shipbuilding industry were
enraged by this decision of the government. As a result, the government had to reduce the tax burden on all
other private shipbuilding firms so that both the state-owned enterprise and private firms could co-exist.
According to this information, Boldovia has most likely adopted what type of economy?
66. Collectivist-inclined totalitarian states tend to enact laws that severely restrict private enterprises, whereas
the laws enacted by governments in democratic states, where individualism is the dominant political
philosophy, tend to be pro-private enterprise and pro-consumer. This indicates that the:
67. Which of the following is true about legal systems?
68. Which of the following legal systems is most likely to be based on tradition, precedent, and custom?
69. In the context of common law, which of the following terms refers to the ways in which laws are applied in
specific situations?
70. The common law system enjoys a degree of flexibility not found in other systems because:
71. Which of the following is a law system based on a detailed set of laws organized into codes?
72. A legal system which is based primarily on religious teachings is referred to as a:
73. What is the most widely practiced theocratic legal system in the modern world?
74. Which of the following is true about the three main types of legal systems?
75. Jewish law is an example of what type of law system?
76. Which of the following refers to documents that specify the conditions under which an exchange is to occur
and detail the rights and obligations of the parties involved?
77. Which of the following statements is true about the difference between contracts in common law and civil
law systems?
78. Which of the following establishes a uniform set of rules governing certain aspects of the making and
performance of everyday commercial contracts between sellers and buyers who have their places of business in
different nations?
79. When firms do not wish to accept the rules of the CIGS, what do they often opt for to settle contract
disputes?
80. The bundle of legal rights over the use to which a resource is put and over the use made of any income that
may be derived from that resource are called what type of rights?
81. In the context of property rights, which of the following refers to theft, piracy, blackmail, and the like by
private individuals or groups?
82. After the collapse of communism in Dehran, successful business owners often had to pay "protection
money" to the mafia or face violent retribution. In the context of property rights, the behavior of the mafia is an
example of:
83. In the context of property rights, which of the following best exemplifies private action?
84. Which of the following best exemplifies public action?
85. The Republic of Marwa has decided to open its economy to globalization. Which of the following will
facilitate this decision of Marwa?
86. Which of the following terms best defines the relationship between the level of corruption and economic
growth rate in a country?
87. In the United States, the Foreign Corrupt Practices Act was passed during the 1970s following revelations
that:
88. Which of the following does the U.S. law and OECD convention allow as an exception?
89. As per the U.S. law and OECD convention, which of the following is most likely to be considered as a
grease payment?
