POLI

Who is the author of "The Wealth of Nations" and is associated with the theory of Liberalism?

• Friedrich List

• Adam Smith

• Eduard Bernstein

• Karl Marx

Which theory rejects Marx's belief in the inevitability of revolution and argues for achieving economic equality through democratic participation?

• Liberalism

• Social Democracy

• Communism

• Mercantilism

According to Karl Marx, what will eventually replace capitalism?

• Democratic participation

• Limited government interference

• Economic development

• Revolution

Who rejected free-trade theories of liberalism and argued that states must play a strong role in protecting and developing the national economy against foreign competitors?

• Friedrich List

• Adam Smith

• Eduard Bernstein

• Karl Marx

Which formula measures the amount of inequality in a society, with 0 corresponding to perfect equality and 100 to perfect inequality?

• GDP

• HDI

• GNP

• Gini Index

Which statistical tool attempts to evaluate the overall wealth, health, and knowledge of a country's people?

• HDI

• GNP

• PPP

• CPI

Which index measures the change in pricing over time for market goods paid by urban residents?

• Gross Domestic Product

• GDP

• CPI

• HDI

What does GDP stand for?

• Gross Domestic Product

• Gross National Product

• Global Domestic Product

• Global National Product

What does PPP (Purchase Power Parity) attempt to estimate?

• Economic growth

• Income inequality

• Inflation rate

• Buying power of income in each country

Which system thinker emphasized the importance of maintaining and enforcing property rights?

• Friedrich List

• Adam Smith

• Eduard Bernstein

• Karl Marx