Systematic risk refers to

		the diversifiable (company specific) risk of an asset.
		the nondiversifiable (market) risk of an asset.
		economic and political risk.
		the risk that can be hedged.

Political risk refers to

		bankruptcy or high inflation rates.
		microeconomic risks.
		macroeconomic risks.
		the potential losses to the parent firm of an MNC resulting from adverse political developments in the host country.