Podcast
Questions and Answers
Which of the following is a key requirement for privatization to be successful?
Which of the following is a key requirement for privatization to be successful?
- General deregulation and opening of the economy (correct)
- Economic growth
- Selling state-owned enterprises
- Transferring ownership of state property to private individuals
What is a well-functioning market economy dependent on?
What is a well-functioning market economy dependent on?
- Collectivism
- Laws protecting property rights (correct)
- State-owned enterprises
- Institutional weaknesses
What is a potential risk associated with privatization and changing political economy?
What is a potential risk associated with privatization and changing political economy?
- Ideological conflict between collectivism and individualism
- Stable financial system in China
- Return of totalitarian regimes (correct)
- Increased economic growth
What are good predictors of economic prospects in a country?
What are good predictors of economic prospects in a country?
What is a cost associated with doing business internationally?
What is a cost associated with doing business internationally?
What is a risk associated with doing business in a country?
What is a risk associated with doing business in a country?
What is the overall attractiveness of doing business in a country based on?
What is the overall attractiveness of doing business in a country based on?
What is a requirement for a country to have higher sustained rates of economic growth?
What is a requirement for a country to have higher sustained rates of economic growth?
What is a key implication of changing political economy?
What is a key implication of changing political economy?
What is a key requirement for privatization to work?
What is a key requirement for privatization to work?
Which of the following is NOT a requirement for innovation and entrepreneurship in an economy?
Which of the following is NOT a requirement for innovation and entrepreneurship in an economy?
What is the relationship between economic freedom and economic growth?
What is the relationship between economic freedom and economic growth?
Why do countries with favorable geography engage in trade and open market-based systems?
Why do countries with favorable geography engage in trade and open market-based systems?
Which factor contributes to higher growth rates in countries?
Which factor contributes to higher growth rates in countries?
What is the impact of economic progress on the establishment of democratic regimes?
What is the impact of economic progress on the establishment of democratic regimes?
What has contributed to the spread of democratic ideals in many nations?
What has contributed to the spread of democratic ideals in many nations?
Which of the following is NOT a characteristic of a market-based system?
Which of the following is NOT a characteristic of a market-based system?
What is the main reason for the shift from centrally planned economies to market-based economies?
What is the main reason for the shift from centrally planned economies to market-based economies?
What does deregulation involve in a market-based system?
What does deregulation involve in a market-based system?
Which of the following countries experienced rapid economic growth despite having undemocratic governments?
Which of the following countries experienced rapid economic growth despite having undemocratic governments?
Which factor is NOT mentioned as a trend that fosters greater economic development?
Which factor is NOT mentioned as a trend that fosters greater economic development?
What does GDP measure?
What does GDP measure?
Which countries have high GDP according to the text?
Which countries have high GDP according to the text?
What does PPP adjust in gross domestic product per capita?
What does PPP adjust in gross domestic product per capita?
What do GDP and PPP data not consider?
What do GDP and PPP data not consider?
Which statement about China and India is supported by the text?
Which statement about China and India is supported by the text?
What broader conceptions of development does Amartya Sen discuss?
What broader conceptions of development does Amartya Sen discuss?
What does the Human Development Index (HDI) measure?
What does the Human Development Index (HDI) measure?
According to the text, what does economic progress require?
According to the text, what does economic progress require?
What does development require, according to Amartya Sen?
What does development require, according to Amartya Sen?
