Check all of the following that are true. The Korean peninsula provides a useful natural experiment in which the effects of differing economic philosophies are stark Nations that repress their citizens tend to have some of the worst living conditions in the world Economically repressed North Korea had a GDP per capita (PPP) of $1,700 and a -1.1 percent GDP growth rate as of 2015, while South Korea and its much freer economy had a 2017 GDP per capita (PPP) of $39,400 and economic growth of three percent Nations that provide their citizens the most economic freedom (strongest rule of law, limited government, efficient regulation, and open markets) are the least prosperous

Check all of the following that are true. The Korean peninsula provides a useful natural experiment in which the effects of differing economic philosophies are stark Nations that repress their citizens tend to have some of the worst living conditions in the world Economically repressed North Korea had a GDP per capita (PPP) of $1,700 and a -1.1 percent GDP growth rate as of 2015, while South Korea and its much freer economy had a 2017 GDP per capita (PPP) of $39,400 and economic growth of three percent Nations that provide their citizens the most economic freedom (strongest rule of law, limited government, efficient regulation, and open markets) are the least prosperous

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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