Podcast
Questions and Answers
GNI is an alternative to GDP for measuring a nation's wealth.
GNI is an alternative to GDP for measuring a nation's wealth.
True
Purchasing Power Parity (PPP) allows the comparison of the purchasing power of various world currencies.
Purchasing Power Parity (PPP) allows the comparison of the purchasing power of various world currencies.
True
The Human Development Index (HDI) assesses the impact of human life based on four factors.
The Human Development Index (HDI) assesses the impact of human life based on four factors.
False
Life expectancy at birth is one of the factors considered in the Human Development Index (HDI).
Life expectancy at birth is one of the factors considered in the Human Development Index (HDI).
Signup and view all the answers
GNI PPP per Capita is a measure of a country's wealth based on its currency's purchasing power.
GNI PPP per Capita is a measure of a country's wealth based on its currency's purchasing power.
Signup and view all the answers
Democratic regimes tend to hinder long-term economic growth compared to dictatorships.
Democratic regimes tend to hinder long-term economic growth compared to dictatorships.
Signup and view all the answers
Educational attainment is considered in the Human Development Index (HDI).
Educational attainment is considered in the Human Development Index (HDI).
Signup and view all the answers
South Korea and Taiwan are examples where democracy followed economic growth.
South Korea and Taiwan are examples where democracy followed economic growth.
Signup and view all the answers
Countries that shifted to market-based systems experienced sustained economic performance compared to those with command or mixed economies.
Countries that shifted to market-based systems experienced sustained economic performance compared to those with command or mixed economies.
Signup and view all the answers
Authoritarianism has been decreasing in countries like Russia, Ukraine, Indonesia, Ecuador, and Venezuela.
Authoritarianism has been decreasing in countries like Russia, Ukraine, Indonesia, Ecuador, and Venezuela.
Signup and view all the answers
Technological advancements have made it easier for totalitarian regimes to control access to uncensored information.
Technological advancements have made it easier for totalitarian regimes to control access to uncensored information.
Signup and view all the answers
The political economy of world's nation-states has remained unchanged since the late 1980s.
The political economy of world's nation-states has remained unchanged since the late 1980s.
Signup and view all the answers
Economic progress is hindered by lack of information on income for governments to collect taxes.
Economic progress is hindered by lack of information on income for governments to collect taxes.
Signup and view all the answers
The spread of democratic concepts has contributed to the failure of totalitarian regimes to provide economic progress.
The spread of democratic concepts has contributed to the failure of totalitarian regimes to provide economic progress.
Signup and view all the answers
A wave of autocratic revolutions has swept the world since the late 1980s, leading to the collapse of many democratic regimes.
A wave of autocratic revolutions has swept the world since the late 1980s, leading to the collapse of many democratic regimes.
Signup and view all the answers
Deregulation involves imposing legal restrictions on market activities.
Deregulation involves imposing legal restrictions on market activities.
Signup and view all the answers
The establishment of private enterprises is part of the nature of economic transformation towards market-based systems.
The establishment of private enterprises is part of the nature of economic transformation towards market-based systems.
Signup and view all the answers
GNI measures the total annual income received by residents of a nation.
GNI measures the total annual income received by residents of a nation.
Signup and view all the answers
Purchasing power parity (PPP) adjustment provides a less direct comparison of living standards in different countries.
Purchasing power parity (PPP) adjustment provides a less direct comparison of living standards in different countries.
Signup and view all the answers
Economic growth rates provide a static picture of development.
Economic growth rates provide a static picture of development.
Signup and view all the answers
GDP measures the total monetary value of all goods and services produced outside a country's borders.
GDP measures the total monetary value of all goods and services produced outside a country's borders.
Signup and view all the answers
Differences in political systems do not influence the level of economic development in a country.
Differences in political systems do not influence the level of economic development in a country.
Signup and view all the answers
Balancing benefits, costs, and risks is crucial for determining the overall attractiveness of a country for international business.
Balancing benefits, costs, and risks is crucial for determining the overall attractiveness of a country for international business.
Signup and view all the answers
Security risk is related to the security of employees within a country.
Security risk is related to the security of employees within a country.
Signup and view all the answers
Market-based economic reforms have no impact on a country's attractiveness for doing business.
Market-based economic reforms have no impact on a country's attractiveness for doing business.
Signup and view all the answers
Legal costs are usually lower in countries with similar product, workplace, and pollution standards.
Legal costs are usually lower in countries with similar product, workplace, and pollution standards.
Signup and view all the answers
Economic risk refers to the likelihood of political forces causing drastic changes in a country's business environment.
Economic risk refers to the likelihood of political forces causing drastic changes in a country's business environment.
Signup and view all the answers
Potential for growth is usually higher in economically developed and politically stable markets.
Potential for growth is usually higher in economically developed and politically stable markets.
Signup and view all the answers
Lower costs and risks are typically associated with less developed nations.
Lower costs and risks are typically associated with less developed nations.
Signup and view all the answers
