Прочитайте текст и выполните задания A Nation’s Wealth and Market Democracy 1. A nation’s wealth can...: ответ на тест 1110672 - Английский язык

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A Nation’s Wealth and Market Democracy
1. A nation’s wealth can be best determined by looking at its people. It is impossible to rely on any statistics. Economists define wealth as what a person owns, such as stock and real estate, but many people look first to their level of income to see if they are well off. Comparing salaries in different countries, however, is like comparing potato and rice, because the salaries in each country are paid in different currencies. Exchange rates, defined by the foreign exchange market all over the world, reflect the market’s view of each country’s economic and political situation. However, it is difficult to translate salaries by simply using currency exchange rates as the cost of living varies widely from one country to another. We must look at what salaries will actually buy in each country. By choosing a basket of necessary goods and services and calculating their cost in different countries, we can compare the purchasing power or «real» value of salaries from country to country. It gives a more reliable exchange rate, called purchasing power parity (PPP).
2. Judging from recent world experience, a socialist society was not as successful in producing the quality and quantity of goods and services as a market economy organized on the principles of a private free market and private ownership of the means of production. The major defining characteristic of a market economy is that decisions on investment and the allocation of producer goods are mainly made through markets. Market democracy is the culmination of more than three hundred years of economic and political thought.
3. Market democracy not only produces more than a socialist society, but it also allows individuals more liberty to choose how, where, when and for whom they will use their productive services.
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Варианты ответов
  • Purchasing Power Parity is an unreliable technique for comparing salaries in different countries.
  • Purchasing Power Parity is a technique used to determine the relative value of currencies.
  • Purchasing Power Parity cannot be used in calculating currency exchange rate.
  • Purchasing Power Parity is a technique used only in capitalist economies.
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Вопрос задал(а): Анонимный пользователь, 13 Ноябрь 2020 в 19:43
На вопрос ответил(а): Анастасия Степанова, 13 Ноябрь 2020 в 19:43
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