POLS 2200 Chapter 4 review Question and answers correctly solved
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POLS 2200
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POLS 2200
POLS 2200 Chapter 4 review Question and answers correctly solved
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. inflation
A country's __________ measures its economic inequality....
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POLS 2200 Chapter 4 review Question
and answers correctly solved
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.inflation
A country's __________ measures its economic inequality. 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.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? nontarrif regulatory barrier
All political economic theories have their advantages and disadvantages.
What is a possible flaw of mercantilism? 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. 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? Many countries have
successfully combined social democratic policies (such as cash transfers) with
economic liberalism (opening domestic markets to trade).
Liberals - those who support the political-economic system of liberalism -
argue that the BEST role of the state is to secure property rights and promote
other (limited) policies that support the free market.
The main responsibility of a state's central bank is to control the flow of the
state's money and set interest rates.
This political economic system has effectively vanished in the modern world.
communism
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