Exam 3: Political Economy and Economic Development

What are the factors that determine the costs of doing business in a country?

Which of the following is a characteristic of a command economy?

The political economy of many of the world's nation-states has changed radically since the late 1980s.All of the following are trends that have been evident EXCEPT:

In many countries entrepreneurs and other business leaders,eager to protect their property rights and ensure the dispassionate enforcement of contracts,had pushed for _____.This contributed to a wave of democratic revolutions during the late 1980s and early 1990s.

If a country's economy is to sustain long-run economic growth,the business environment must be conducive to innovations and entrepreneurial activity.

The overall attractiveness of a country as a potential market or investment site for an international business depends on balancing the benefits,costs,and risks associated with doing business in that country.

Why are democratic regimes more conducive to economic growth than dictatorships?

What are the conditions required to encourage innovation and entrepreneurship?

In Sen's view,development is an economic process that should be assessed by material output measures such as GNI per capita.

It may be more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and supporting businesses.

The base for the purchasing power parity adjustment of the GNI is the cost of living in the United States.

Many totalitarian regimes were able to deliver economic progress to the vast bulk of their populations,which curbed the spread of democracy during the late 1980s.

The likelihood that a trading partner will opportunistically break a contract or expropriate property rights is called a(n)_____.

The sale of state assets through an auction is most likely to lead to _____.

Political freedoms is one of the measures used by the Human Development Index (HDI)to measure the quality of human life in different nations.

GNI per capita can be adjusted by purchasing power to account for differences in the cost of living.

GNI and PPP data are useful because they provide a dynamic analysis of economic development.

Explain why a well-functioning market economy requires strong legal systems?

Discuss Samuel Huntington's views on Islamic fundamentalism.

What are the factors that determine the long-run monetary benefits of doing business in a country?