Reference no: EM132905545

Identify, whether the given statement is True or False.

i Drinking Alcohol is widely accepted in America, whereas in Saudi Arabia the consumption of Alcohol is viewed as a violation and is punishable by imprisonment, is an example of 'Values'.

ii The principle assertion of mercantilism was that only the cash currencies were the mainstays of nation wealth and essential for the vigorous commerce.

iii Judges under common law have less flexibility than those under a civil law. Because judges in a civil law have the power to interpret the law, and on the other-hand judges in a common law system have the power only to apply the law.

iv In a mixed economy, if demand for a particular product exceeds supply, prices will rise, and signaling producers to produce more.

v Pakistani operation of America and Emirates banks were sold to Union bank. Later on Union Bank and Standard Charted Bank come together and new name is Standard Charted Bank, is the example of Greenfield Investment.