Why is urban giantism less prevalent in mature democracies?
What will be an ideal response?
The student is asked to draw on the political economy explanation whereby autocratic regimes must satisfy the demands of the urban masses to avoid political unrest (the Ades and Glaeser argument).
Economics
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Some nations such as Ecuador chose dollarization because:
a. the currency was depreciating so rapidly it became nearly worthless. b. Ecuadorians wanted to save dollars for eventual emigration to the U.S. c. the Ecuadorian currency was backed by gold,which was confiscated by government officials. d. All of these are reasons why such countries chose dollarization.
Economics
A nation that has done well economically in spite of a lack of natural resources is
a. the United States. b. Japan. c. Canada. d. Australia.
Economics