POLS 2200 Chapter 4 review Question and answers 100% correct
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Course
POLS 2200
Institution
POLS 2200
POLS 2200 Chapter 4 review Question and answers 100% correct
A country experiencing __________ is seeing demand surpass supply; as a result, the price of goods and services increases, and the country's currency loses value. - correct answer inflation
A country's __________ measures its eco...
POLS 2200 Chapter 4 review Question
and answers 100% correct
A country experiencing __________ is seeing demand surpass supply; as a
result, the price of goods and services increases, and the country's currency
loses value. - correct answer ✔inflation
A country's __________ measures its economic inequality. - correct answer
✔Gini index
A country's annual __________ is the total market value of all goods and
services produced by that country over a period of one year. - correct answer
✔gross domestic product (GDP)
All airlines that fly within the United States must be U.S. owned. This is an
example of which of the following? - correct answer ✔nontarrif regulatory
barrier
All political economic theories have their advantages and disadvantages.
What is a possible flaw of mercantilism? - correct answer ✔inefficient (and
uncompetitive) industries and prone to corruption
If we compare social expenditures more broadly, we find that in many
countries the __________ are the primary beneficiaries of social
expenditures. - correct answer ✔middle class
Latin American countries have historically struggled with high rates of poverty,
inequality, and economic and political stability. However, minus a few
exceptions, this region has seen a decline in poverty and inequality since the
1990s. What is behind this recent turnaround? - correct answer ✔Many
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