TEST BANK Global Business Today 7th Edition by Hill, Charles W. L

True / False Questions 1. The term political economy is used to stress the fact that the political, economic, and legal systems of a country are interdependent. True False 2. Largely, political systems that emphasize collectivism tend to be democratic, while political systems that place a high value on individualism tend to be totalitarian. True False 3. Plato did not equate collectivism with equality. True False 4. In the early twentieth century, the socialist ideology split into two b...

True / False Questions 1. The term political economy is used to stress the fact that the political, economic, and legal systems of a country are interdependent. True False 2. Largely, political systems that emphasize collectivism tend to be democratic, while political systems that place a high value on individualism tend to be totalitarian. True False 3. Plato did not equate collectivism with equality. True False 4. In the early twentieth century, the socialist ideology split into two b...