Exam 3: National Differences in Economic Development

What started in Great Britain in the early 1980s when Prime Minister Margaret Thatcher started to sell state-owned assets such as the British telephone company?

The purchasing power parity for different countries is adjusted (up or down) depending upon whether a country's cost of living is lower or higher than the cost of living in the United States.

When considering the cost of doing business in another country, what would be considered the most attractive market or investment site?

The deregulation of an economy involves

Recent global changes in political and economic systems show that

Discuss Jeffrey Sachs's conception of geography, education, and economic development.

________ is broadly defined as the development of new products, processes, organizations, management practices, and strategies.

The country of Marita ensures strong legal protection of property rights. It is likely that the businesses and individuals in Marita will

When considering the economic prospects of a country, it can be said that

It is predicted that China will surpass the United States and become the world's largest national economy within the next two decades.

Gross national income is a measure of the monthly income received by residents of a nation.

State-owned enterprises still dominate the banking and health care industries in China.

A country with ________ is more likely to attain high and sustained economic growth rates and is a more attractive location for international business.

The country of Jinret is classified as having low human development (the quality of life is poor). This means its HDI is

To calculate purchasing power parity, the figure is adjusted based on

According to the author Francis Fukuyama, the world is most likely witnessing the end of

In general, command and mixed economies failed to deliver the kind of sustained economic performance that was achieved by countries adopting market-based systems.

Francis Fukuyama promoted the idea that Western liberal democracy would be the final form of human government and lead to a harmonious world.

How have new information and communication technologies, including the Internet, affected the political economy in general?

Advances in technology and communication have fostered the growth of democratic ideals.