Posted: June 16th, 2016

The Marxist Leninist model of economic development still constitutes a dominant development philosophy in some developing countries.True / False

True / False
1. The Marxist Leninist model of economic development still constitutes a dominant development philosophy in some developing countries.
2. Countries with emerging markets present great potential to international firms due to their technological growth.
3. The U.S. government, through the Overseas Private Investment Corporation (OPIC) offers insurance policies that protect companies against expropriation, nationalization, or confiscation by foreign governments.
4. Governements use currency flow restrictions primarily to get around WTO tarrif policies.
5. The International Monetary Fund (IMF) has been criticized for imposing unduly rapid or overly detailed structural adjustment programs.
Multiple Choice
6. In the Rostow Modernization Model, which stage is characterized by an economic structure that is dominated by agriculture?
a. Primitive soceity
b. traditional society
c. take off
d. capital society
7. This government agency is used to evaluate a country s political risk:
a. State Department
b. Department of Commerce
c. all of the above
d. none of the above
8. Legal disputes that arise between governments are usually handled by the ____.
a. International Court of Justice
b. Supreme Court
c. European Court of Justice
d. Global Court of Commerce
9. A foreign trade zone:
a. always increases the prices for goods sold in the importing country
b. raises the insurance expense for a company
c. may promote a favorable country of origin effect
d. typically creates entry barrier for foreign firms
10. Free trade zones:
a. are also called export processing zones
b. offer duty free import and storage
c. are owned by development banks
d. are outside th ereach of the law