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Tutorial 2: National Differences in Political Economy and Economic Development

Home Get App Take Quiz Create Independent political, economic and legal aspects of a country make up the... political economy Gross National Income (GNI)per person figures can be misleading because... they don’t consider cost differences in living The Human Development Index (HDI) is based on all of the following except... political freedom .. grants the inventor of a new product exclusive rights to use, manufacture, and sell a product A patent Measures when shifting from a mixed economy to a market economy deregulation of the economy A common law system vs. a civil law system in common law, a judge has power to interpret the law, while in civil law he can only apply Not likely to make a country a more attractive location for international business: Planned economies (communist economy) Sony had an innovative product which was first on the market First-mover advantage Late on the market with a product Late-mover advantage Trading partner will opportunistically break the contract or expropriate property rights Legal risk

Author lrimstad ID 353013 Card Set Tutorial 2: National Differences in Political Economy and Economic Development Description Multiple Choice Exam Prep Updated 2020-09-01T00:53:26Z Show Answers