Your answers should be submitted tomorrow (15 February). Late submission will not be accepted. Using a word processor, print your answers on A-4 size paper.
The following terms are widely used in current political and economic discourse. Explain what they mean; give examples if necessary.
- Invisible hand (Adam Smith)
- Class struggle (Karl Marx)
- Pump priming (John Maynard Keynes)
- Filipino First program of President Carlos P. Garcia
- Exchange control
- Globalization
- Privatization (in the context of neo-liberal economics)
- Great Depression
- Industrial revolution
- Portfolio investments
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