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Provide justification for your answers. For questions requiring "Yes" or "No' answer, a mere "Yes" or "No" without corresponding explanation will not be given full points. 1. Is Political System the same with Political Economy? 2. Explain the Political System and Legal System of the Philippines. Use the different concepts discussed in your explanation. 3. Explain the different steps in the shift toward a market-based economic system? 4. Identify one determinants of culture and explain the current scenario of the Philippines in regards to that determinant. 5. Do you think education, as one of the determinants of culture, can have an effect in International Business? 6. By observing the culture in your place, what kind international business do you think can operate in your place? Is it sufficient for the International Business to know only the culture of that place? 7. Consider yourself as an expert in International Business. An owner of a multinational company, wanting to operate in your area, will ask your recommendation whether or not the he will employ a local citizen. What will be your recommendation? Explain. Answers: PLEASE READ THE COMMENT SECTION THANK YOU