To What Does the Russian Concept of Blat Refer

question 62

Multiple Choice

To what does the Russian concept of blat refer?

• A) to the barter system that developed in Russia as a result of the shortages of goods
• B) to the command economy system that was instituted in Russia
• C) to the act of standing in lines to buy goods
• D) to having connections that one can use to get favors

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Definitions:

Informal Process

A procedure or method that is not formalized or structured by official rules, often used in resolving disputes or making decisions.

Third Party

An entity that is not directly involved in a transaction or agreement but may be affected by it or play a role in its execution.

Mutually Acceptable Agreement

An agreement reached by all parties involved that satisfies the interests and needs of each party.

AT&T Mobility LLC v. Concepcion

A Supreme Court case ruling that the Federal Arbitration Act preempts state laws prohibiting contracts from disallowing class action lawsuits.