Multiple Choice Questions on Socialism and Globalization

What intellectual roots does modern socialism trace back to?

Karl Marx.

Which global institution acts as the lender of last resort for nation-states in economic turmoil?

International Monetary Fund.

What do supporters of globalization believe about the concessions made during the process?

The benefits outweigh the costs.

What does right-wing totalitarianism restrict to inhibit the rise of?

Representative democracy.

How do contracts in civil law systems compare to those in common law systems?

Contracts drafted under a civil law system tend to be more specific than those drafted under a common law system.

What event led to the passage of the Foreign Corrupt Practices Act in the United States during the 1970s?

Revelations that U.S. companies had bribed government officials in foreign countries to win lucrative contracts.

Under U.S. law, what are grease payments or speed money allowable for?

To expedite the performance of a routine government action.