Political & Economic Systems - Economies

The economy affects how a country __________ economic resources.

• Distributes

• Controls

• Produces

• All of the above

Which of the following terms describes the amount of goods and services produced by a country each year?

• Diplomacy

• Gross domestic product

• Purchasing power parity

• Globalization

Which of the following is a factor determining the level of economic development in a country?

• Number of freedoms allowed

• Degree of government control

• Availability of resources

• All of the above

Which of the following is considered a developing country?

• India

• The United States

• Australia

• Haiti

The integration of the world economy through increasing international business is known as which of the following?

• Diplomacy

• Gross domestic product

• Purchasing power parity

• Globalization