Exam 3: National Differences in Economic Development

As a result of ________, large amounts of economic activity in India are not made official and the GDP figures of the country fail to tell the entire story of the economy.

The cost of doing business is most likely to be the lowest in

According to economist Hernando de Soto, the key issue in the relationship between capitalism and property rights is the inability of owners to

An unfavorable environment for innovations and entrepreneurship is the result of

"Not all democracies are free, as some still restrict certain political and civil liberties." Which country best fits this argument?

Explain the broad categories of political freedom established by Freedom House and discuss how these categories are represented in the world today.

The influential economist Jeffrey Sachs argues that which of the following, with their long engagements in international trade, have been the most supportive of market institutions throughout history?

The country of Morson has decided to privatize the state-owned cable television company. How can the country help this newly privatized industry succeed?

Communist nations were the first to adopt deregulation efforts.

As democracy has spread since the 1980s, so has the development of more ________ economies.

In a planned economy, there is a great deal of freedom for entrepreneurial activity and reward.

Purchasing power parity is used to adjust gross national income in order to make a more direct comparison of ________ in various countries.

Francis Fukuyama saw a world in which ________ was the final form of human government.

Some believe that the global financial crisis of 2008-2009 was the result of

Lamboria Republic is facing a high rate of inflation, and the government debt in the country is also high. As a result, the country's business environment is beginning to deteriorate, and the profits of the business enterprises are hurt. According to this information, Lamboria Republic is facing what type of risk?

The government of Cafor wants to create a market-based economic system. To do so, the government should

Validate the argument made by economists that innovation and entrepreneurial activity are the basis for long-term economic growth.

The late influential political scientist Samuel Huntington predicted that the universalization of Western liberal democracy will be the final form of human government.

A shadow economy refers to similar economic activity that takes place in competing nations.

The risks of doing business are most likely to be the highest in a country that