How does the political system of a country affect its economic performance?
a. The political state dictates what will be produced and how it will be produced for many LDC countries and the success of their economies depends upon the success ofthe political leaders in mobilizing the resources of the economies
b. Political revolution is creative in the same way that technological change is creative in the economic system, and these creativities spark the economy's economicperformance.
c. The right to vote is equivalent to consumer sovereignty, which is the right to choose one's consumption and employment.
d. Political honesty, such as one law for all, helps the poor and they are the backbone of an economy's production.
e. Political stability is a prerequisite for long-term investment.
E
You might also like to view...
As depicted in the circular flow diagram, firms
A) supply the resources that households demand in factor markets. B) demand the goods and services that households supply in product markets. C) demand the resources that households supply in product markets. D) supply the goods and services that households demand in product markets.
Adriana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $9,000 and 50 percent chance that she will make nothing. Her utility of wealth curve is shown in the figure above
What's Adriana's cost of risk? A) $2,500 B) $2,000 C) zero D) $40
Monopolies can earn positive profits
a. In the long run only b. Until they disappear due to new entry c. In the short run only d. None of the above
Suppose a jar of orange marmalade that is ultimately sold to a customer at The Corner Store is produced by the following production process: Name of CompanyRevenuesCost of Purchased InputsCitrus Growers Inc.$0.750Florida Jam Company$2.00$0.75The Corner Store$2.50$2.00 If the oranges were grown and the jam produced in the year 2017, but the marmalade was sold at The Corner Store in the year 2018, what is the contribution of these transactions to GDP in the year 2018?
A. $2.00 B. $0.00 C. $0.50 D. $2.50