Freedom House Has Developed an Influential Scale to Determine How

question 9

Multiple Choice

Freedom House has developed an influential scale to determine how __________ a country is.

• A) liberal
• B) conservative
• C) legitimate
• D) politicized
• E) democratic

Identify the factors influencing private and public saving within the closed and open economy models.

Explain the relationship between government budget deficits/surpluses and their impact on national saving and the loanable funds market.

Understand how investment decisions are influenced by changes in interest rates.

Describe the role of taxation and government policies in affecting the loanable funds market.

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Definitions:

Cultural Relativism

Is the belief that all cultures have equal value.

Ethnocentrism

The tendency to judge other cultures exclusively by the standards of one’s own.

Pluralism

Is the retention of racial and ethnic culture combined with equal access to basic social resources.

Universalism

A philosophical and theological concept that some ideas have universal application or applicability.