A Developing Nation-State with Relatively Little Global Political Power Is

question 11

Multiple Choice

A developing nation-state with relatively little global political power is growing increasingly concerned with the political climate of a more powerful, highly developed nation-state because, in an era of globalization, the decisions of this more powerful nation-state will likely affect the future of the citizens in both countries. This is an example of what Ulrich Beck calls:

• A) manufactured risk.
• B) risk society.
• C) external risk.
• D) shared risk.

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Definitions:

Endowment Funds

Long-term funds established by donations that are meant to support a particular organization or cause, where the principal remains intact and the investment income is used for specific purposes.

Investment Time Horizon

The length of time an investor expects to hold an investment before taking the money out.

Pension Liability

The amount of money a company or governmental entity is required to pay into its pension plan to satisfy future pension obligations to retired employees.

Actuary

A professional who assesses and manages the risks of financial investments, insurance policies, and other potentially risky ventures using mathematics, statistics, and financial theory.