Podcast
Questions and Answers
Which of the following factors can foster greater economic development?
Which of the following factors can foster greater economic development?
- High GDP
- Differences in economic development
- Democratic forms of government (correct)
- Broader conceptions of development
Which countries have high GDP?
Which countries have high GDP?
- China and India
- Japan, Sweden, Switzerland, Australia, and the United States (correct)
- Advanced nations
- Developing nations
What does Gross Domestic Product (GDP) measure?
What does Gross Domestic Product (GDP) measure?
- Total imports and exports of a country
- Total monetary value of all the finished goods and services produced within a country's borders (correct)
- Total government spending within a country
- Total population of a country
What does Purchasing Power Parity (PPP) adjust in gross domestic product per capita?
What does Purchasing Power Parity (PPP) adjust in gross domestic product per capita?
What do GDP and PPP data consider?
What do GDP and PPP data consider?
Which countries are currently relatively poor but have rapidly growing economies?
Which countries are currently relatively poor but have rapidly growing economies?
What is the Human Development Index (HDI) used for?
What is the Human Development Index (HDI) used for?
According to Amartya Sen, what does development require?
According to Amartya Sen, what does development require?
Which of the following are factors that can affect how attractive a nation is for doing business?
Which of the following are factors that can affect how attractive a nation is for doing business?
What do official figures of economic development often not account for?
What do official figures of economic development often not account for?
Which of the following is NOT a potential risk associated with doing business internationally?
Which of the following is NOT a potential risk associated with doing business internationally?
What is a key requirement for privatization to work effectively?
What is a key requirement for privatization to work effectively?
Which factors are good predictors of a country's economic prospects?
Which factors are good predictors of a country's economic prospects?
What is the main implication of changing political economy discussed in the text?
What is the main implication of changing political economy discussed in the text?
What is one of the benefits of doing business internationally based on the text?
What is one of the benefits of doing business internationally based on the text?
What is a key requirement for a well-functioning market economy according to the text?
What is a key requirement for a well-functioning market economy according to the text?
What is a potential risk mentioned in the text regarding doing business internationally?
What is a potential risk mentioned in the text regarding doing business internationally?
What is a potential implication of changing political economy mentioned in the text?
What is a potential implication of changing political economy mentioned in the text?
What is a key factor in determining the overall attractiveness of doing business in a country?
What is a key factor in determining the overall attractiveness of doing business in a country?
What is a key requirement for privatization to guarantee economic growth according to the text?
What is a key requirement for privatization to guarantee economic growth according to the text?
Which factor is NOT necessary for innovation and entrepreneurship to thrive in an economy?
Which factor is NOT necessary for innovation and entrepreneurship to thrive in an economy?
What is the main reason why inadequate property protection limits economic growth in developing nations?
What is the main reason why inadequate property protection limits economic growth in developing nations?
According to economist Hernando de Soto, what is the impact of inadequate property protection on economic growth in developing nations?
According to economist Hernando de Soto, what is the impact of inadequate property protection on economic growth in developing nations?
Which type of government is more conducive to long-term economic growth, according to the text?
Which type of government is more conducive to long-term economic growth, according to the text?
What is the relationship between economic growth and the establishment of democratic regimes?
What is the relationship between economic growth and the establishment of democratic regimes?
According to economist Jeffrey Sachs, what is the impact of favorable geography on a country's engagement in trade and market-based systems?
According to economist Jeffrey Sachs, what is the impact of favorable geography on a country's engagement in trade and market-based systems?
What is the main reason why countries that invest in education have higher growth rates?
What is the main reason why countries that invest in education have higher growth rates?
How have countries in Southeast Asia offset their geographical disadvantage?
How have countries in Southeast Asia offset their geographical disadvantage?
What is the main reason why countries with a young and growing population have a greater growth potential?
What is the main reason why countries with a young and growing population have a greater growth potential?
What has been the trend in terms of government systems since 2005, according to the text?
What has been the trend in terms of government systems since 2005, according to the text?
