One way to tell if a nation's economic and political ideologies have promoted economic growth is:
a. To see if real GDP in the nation has grown faster than the real GDP in nations with substantially different ideologies.
b. To take a poll that asks people on the street how they feel about the economy and their government. If they are generally satisfied with their living standards and say they like their government, then the ideology must have a positive influence.
c. To rank order the countries having both positive economic growth and balance of payments surpluses and then to see if the top nations have similar or different ideologies.
d. To see if there is any part of the change in real GDP that is not explained by changing inputs.
e. None of the above.
Question 2
Who guarantees that prices in the foreign exchange market are identical all over the world?
a. Governments.
b. Supranational organizations.
c. Central banks.
d. Tourists.
e. Arbitrageurs.
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
Economic and Social Development
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Political and Economic Systems
Shoot meristems in plant growth