Identify one reason why the United States has maintained a two-party system?
One reason for this is the prevalence of winner-take-all elections. Third Party candidates may win a portion of the vote, but is improbable that a candidate outside of the two major parties would win a majority vote. This means that third parties can never gain traction and thus destabilize a major party.
Does economic liberalization that is facilitated by the World Bank and International Monetary Fund result in social development?
While countries are impacted in a unique way, often times economic development results in development in other sectors, such as governance. For example, economic liberalization resulted in improvements in governance, since judicial reforms were made to shore up intellectual property rights.
Describe the criticism associated with using the Consumer Price Index to measure the cost of living.
Due to the fact that a fixed basket of goods is used to calculate the consumer price index of a given year, an oft-noted criticism is that it is not versatile despite an ever-changing market.