When did Uber exit China?

in 2016 - 2 years after market entry

What is “political economy”?

How political, economic and legal systems of a country are interdependent

On the difference between the traditional and the modern view of a country’s development status

The traditional view considers such aspects as tyranny, The modern view considers the availability of basic healthcare as relevant, The traditional view considers purely economic indicators

How did Uber leave China?

They sold their China business to a local rival

Why is innovation a key driver of economic growth? Innovation ...

... helps to more efficiently use resources and create new markets

What is the famous phrase that Joseph Schumpeter coined?

“The perennial gale of creative destruction”

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FIB session #5

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Questions 10

Answers

1
When did Uber exit China?
in 2012 - 5 years after market entry
in 2016 - 2 years after market entry
in 2014 - 3 years after market entry
in 2009 - 1 year after market entry
2
How many countries are signatories of the UN Convention on Contracts for the International Sale of Goods (CISG)?
124
89
47
19
3
What is “political economy”?
How social structures of a country are independent
How political, economic and legal systems of a country are independent
How political, economic and legal systems of a country are interdependent
How the social structures of a country are interdependent
4
On the difference between the traditional and the modern view of a country’s development status
The traditional view considers such aspects as tyranny
The modern view considers the availability of basic healthcare as relevant
The traditional view considers human freedoms as relevant
The traditional view considers purely economic indicators
5
How did Uber leave China?
The liquidated their China operations
The government seized Uber's Chinese assets
Uber sold their China business to a Chinese bank
They sold their China business to a local rival
6
Why is innovation a key driver of economic growth? Innovation ...
... helps to increase economic activity by means of political agreements
... helps tp increase economic activity by sharing creative visions
... helps to more efficiently use resources and create new markets
... helps to increase unemployment
7
What is the famous phrase that Joseph Schumpeter coined?
“The perennial gale of a creative vision”
“The perennial gale of creative destruction”
"Uproar is the music of capitalism"
"Uproar is a sign of creative change"
8
How many years of “declining freedom” have we seen globally (as of 2019)?
7 years
13 years
5 years
10 years
9
Which are the three factors that determine country attractiveness in the “political economy assessment framework”
Politics, Religion, Rural policy
Political Economy, Culture and Ethics
Benefits, Risks and Costs
Costs, Risks, Time
10
What are the three types of legal systems?
Theocratic
Common
Civil
International

FIB session #5 Flashcards | StudBud