GDP and Economic Development Flashcard 150-158

Front

Which domain of the GNH (Gross National Happiness) index includes 'Speak native language' and 'Artistic skills'?

Back

Cultural diversity and resilience

Front

Which domain of the GNH (Gross National Happiness) index includes 'Government performance' and 'Political participation'?

Back

Good governance

Front

What is a characteristic of a free-market economy?

Back

Minimal barriers to trade

Front

What is one common policy associated with neoliberalism? Options: Increased public spending on social services, Nationalization of private enterprises, Deregulation of the market, Imposing high tariffs on imports

Back

Deregulation of the market

Front

In a neoliberal economy, what is believed to naturally balance the market?

Back

Competition among private companies

Front

What is one of the stated objectives of SAPs (Structural Adjustment Programs)? Options: Increasing military spending, Reducing government deficit, Promoting cultural exchange, Enhancing digital infrastructure

Back

Reducing government deficit

Front

What is one of the criticisms of SAPs (Structural Adjustment Programs) related to environmental issues? Options: They promote green energy, They have little accountability for environmental damage, They reduce carbon emissions, They enhance biodiversity

Back

They have little accountability for environmental damage

Front

What was a result of the IMF-mandated austerity measures in Jordan in 2018?

Back

Outbreak of large protests and strikes

Front

What is the main objective of a mixed economy?

Back

To balance free-market benefits with social welfare

Front

What is a criticism of the Nordic model mentioned in the text?

Back

It is an ecological disaster