8) Which of the following can explain why some countries have experienced relatively high growth rates in real GDP per capita despite relatively low initial levels of real GDP per capita? 8) A) Countries that are relatively poor are more likely to experience wars and revolutions B) Many of these developing countries do not have a functioning court system that can enforce laws. C) Countries that are relatively poor are likely to have a lower quality of health care. D all of the above
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Identify each of the following situations as something that either promotes growth or retards growth. a. Increasing corruption allows government officials to steal people's homes. b. A nation introduces patent laws for the first time. c. A court order shuts down all banks permanently. d. A poor country extends free public schooling from 8 years to 12 years. e. A nation adopts a free-trade policy. f. A formerly communist country adopts free markets.
Economic growth and development in LDCs are low because many of them lack a. capital investment. b. technological progress. c. a favorable political environment. d. all of the above. e. none of the above.
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