Name One of the Criteria for a Modern Sovereign State

question 3

Multiple Choice

Name one of the criteria for a modern sovereign state as described in the first article of the 1933 Montevideo Convention on the Rights and Duties of States.

• A) A permanent population.
• B) A defined territory.
• C) A government capable of maintaining effective control over its territory and of conducting international relations with other states.

Identify the strategies for enhancing productivity in various economies.

Comprehend the impact of demographics and gender on economic hardship and productivity.

Recognize the significance of both human and physical capital investment for economic development.

Understand the historical impacts of colonialism on developing nations.

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Definitions:

Comparative Advantage

An economic theory that refers to the ability of any given economic actor to produce goods and services at a lower opportunity cost than other economic actors.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Global Trade

The exchange of goods, services, and finances between countries and territories, overcoming geographical limitations.

Megacities

Urban areas with a population of over 10 million people, often characterized by significant economic, political, and cultural influence.