Economic Development
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A country with a __________economy generally has a high standard of living.
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developed
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In a transitioning economy, what is a downside of rapid economic growth?
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Rapid economic growth can be difficult to regulate.
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What steps must countries take to transition to a mixed-market economy? Check all that apply.
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They must establish a fair labor market. They must open up trade to other countries.
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One social issue often facing developing countries is
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very high population growth
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In a transitional economy, a _______________economy is changing to a mixed-market economy.
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command
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According to this excerpt, what is one major way in which the World Bank differs from a regular bank?
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The World Bank aims to improve living standards.
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The Czech Republic's decision in 2003 to join the European Union indicated that the Czech Republic
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was willing to forge economic ties with other nations.
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As of 2013, which of these countries had the highest GDP per capita?
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Switzerland
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One factor that indicates a developed economy's standard of living is its
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high levels of education.
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What characterizes developing economies? Check all that apply.
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a growing industrial economy a focus on agricultural activity
