IB Final Review Game Part 1

What religion supports the idea of reincarnation and has historically supported a caste system?

Which straw man approach to ethics is summarized by the phrase “when in Rome do as the Romans do?”

China putting tariff on US products because the US put a tariff on Chinese products is what argument for intervention?

What economic system has the government controlling type of goods, quantity, and price that are sold in a country?

The phenomenon known as tragedy of the commons is an example of which type of ethical issue?

The Product Life Cycle Theory states that the production of new goods will start where?

What form of collectivism stresses state ownership of basic means of production, distribution and exchange?

What is the values, beliefs, and assumptions that a group of people have in common?

Which ethics theory states that people should be treated as ends and never merely as means to an ends of others?

What is the merging of national markets into one huge global market?

What is the host country benefit of FDI that capital and technology can be made available to a host countries?

Small and medium sized multinationals are called what?

A payment to a domestic producer by a government is known as what?

Which trade theory states that a country's comparative advantage comes from differences in national factor endowments?

What ethics theory states that an action is ethical if it does the greatest good for the greatest number of people?

Knowledge spillovers that come from a group of similar firms locating in the same area are known as:

What supports the new trade theory because firms may be able to lower per unit cost when they produce more?

The two biggest drivers of globalization are?

What type of legal system is based on tradition, precedent, and custom?

A closed system of stratification in which change in your social position is usually not possible is known as:

What is the most common political argument for government intervention in trade?

Which theory explains why Germany would import wheat from France, even though Germany can produce wheat efficiently?

Paying a penalty because you sold goods at a price below the cost of producing the good is an example of what?

Transportation costs and trade barriers are two disadvantages of what method of going international?

France allowing a foreign company to only own up to 33 percent of any vineyard in the country would be known as what?

In what cultures are people accepting of inequalities of how people are treated?

Which of the following statements about the past four decades is not true?

If the government forces property holders to pay bribes, their property rights are being violated by what?