Some poor countries appear to be falling behind rather than catching up with rich countries. Which of the following could explain the failure of a poor country to catch up?
a. The poor country has outward-oriented trade policies.
b. The poor country allows foreign direct investment.
c. The poor country has poorly developed property rights.
d. All of the above are correct.
c
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As interest rates rise, more and more investments become profitable for a firm.
Answer the following statement true (T) or false (F)
When the government competes with the private sector for loans, this is called
A. crowdfunding. B. crowding out. C. private competition. D. fiscal bullying.
What percentage of the U.S. adult population has a college or post-college education (as of 2009)?
A. 8 percent B. 29 percent C. 41 percent D. 87 percent
A market economy provides solutions to almost all social ills such as poverty and environmental damage.
Answer the following statement true (T) or false (F)