Chapter 22 - Prospects for 2050 Flashcards

1
Q

fatwa

A

a religion opinion concerning Islamic law issued by an Islamic scholar

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2
Q

mufti

A

person who issues a fatwa

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3
Q

Solow residual

A

measures the economic growth that is not explained by the growth of labor and capital inputs

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4
Q

welfare state

A

the state collects and redistributes a large share of economic resources for the purpose of achieving economic and political goals

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