What Is the Meaning of Following Term

question 75

Multiple Choice

What is the meaning of following term:
-Privatization

• A) Total market value of all goods and services produced within a country.
• B) The reduction of government involvement in economic activities and the increase in private influences on the economy.
• C) Encompasses growth and equity or human development.
• D) Favors both growth and conserving natural resources.
• E) Belief in values that include social harmony, adherence to a social hierarchy, obedience, loyalty, respect, strict morals, trust, and honesty.
• F) Calls for less private enterprise and a greater role for government in the economy.
• G) Total market value of all goods and services produced by citizens of a state regardless of where they are located.
• H) Gives the government a central role in economic development.
• I) Determines the price of goods and services.
• J) Quantitative increases in economic activities, including a larger economy and more money.
• K) Measures the quality of life people experience.
• L) A theory that opposes Marxism and draws upon African traditions of communalism and humanism.
• M) Stresses the relationships among three classes of countries.
• N) Items such as roads and bridges that aid in the effective use of resources.
• O) Stresses the dominance of economic determinants of history and the inevitability of class conflicts.
• P) Prevents the free exchange of goods and services.
• Q) Significant and measurable economic growth and the emergence of social, economic, and political institutions.
• R) The illegal use of an official position or title for personal gain.
• S) The maximum number of humans and animals a given area can support without creating irreversible destruction.
• T) Explains how countries achieve economic improvements.
• U) Stresses the role of European capitalism in creating economic groups of countries.
• V) Index concentrating on inequality between women and men.
• W) Stress cultural and environmental influences on development.
• X) A system of values, beliefs, and ideas.
• Y) Theory concerned with the relationship between output and costs.
• Z) Predicts how humans behave or how things work in the world under certain circumstances.

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Definitions:

Temporal Discounting

The inclination to prioritize short-term gratification over long-term benefits.

Boots

Footwear that covers the foot and the ankle and extends up the leg, sometimes as far as the knee or even the hip.

Sale

The act of selling something, or the exchange of a commodity for money or other consideration.

Price

The amount of money expected, required, or given in payment for something.