Another term for nationalism might be________________?
Correct answer: D. national ethnocentrism
- A. racism
- B. imperialism
- C. colonialism
- D. national ethnocentrism
Explanation
Nationalism places the nation and its interests at the centre of political identity; national ethnocentrism expresses this in terms of national superiority or group-centredness. Racism, imperialism and colonialism are related ideologies or practices, not direct synonyms.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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