International Business Competing in the Global Market Place Study Set 4
Quiz 2: National Differences in Political Economy
Most Modern Democratic States Practice Representative Democracy.
Most modern democratic states practice representative democracy.
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In a totalitarian country,there are safeguards to protect an individual's right to freedom of expression,opinion,and organization.
It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged.
In a market economy,if demand for a product exceeds supply,prices will rise,signaling to producers to produce more.
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