Answer the following statements true (T) or false (F)

1) Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom and France in real GDP per capita.
2) Strong property rights inhibit economic growth by strictly regulating economic behavior.
3) Strong patent laws encourage innovation and promote economic growth.
4) The intense competition of free trade prevents the investment that generates economic
growth.
5) A competitive market system promotes growth by providing producers with market signals on
which to base investment and production decisions.


1) T
2) F
3) T
4) F
5) T

Economics

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