The International Property Rights Index (IPRI) scores countries based on the legal and political environment and how well property rights are protected. The following table lists the IPRI scores and GDP per person in 2018 for six countries. GDP per Person IPRI Score (Current US Dollars) Norway 8.5 82,372.4 Singapore 8.4 61,230.2 United Kingdom 8.1 42,260.9 Brazil 5.7 9,126.9 Algeria 4.1 4,449.8 Bangladesh 3.4 1,736.3 Countries with higher income per person generally have property rights protection than those with lower income per person. What can the government of a relatively poor country do to promote economic prosperity? Check all that apply. Establish and enforce strong property rights. Minimize corruption among government officials. Promote free trade by reducing or removing tariffs on imports from foreign countries. Give inventors and authors exclusive, temporary rights to market and sell their creations.
The International Property Rights Index (IPRI) scores countries based on the legal and political environment and how well property rights are protected. The following table lists the IPRI scores and GDP per person in 2018 for six countries. GDP per Person IPRI Score (Current US Dollars) Norway 8.5 82,372.4 Singapore 8.4 61,230.2 United Kingdom 8.1 42,260.9 Brazil 5.7 9,126.9 Algeria 4.1 4,449.8 Bangladesh 3.4 1,736.3 Countries with higher income per person generally have property rights protection than those with lower income per person. What can the government of a relatively poor country do to promote economic prosperity? Check all that apply. Establish and enforce strong property rights. Minimize corruption among government officials. Promote free trade by reducing or removing tariffs on imports from foreign countries. Give inventors and authors exclusive, temporary rights to market and sell their creations.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The International Property Rights Index (IPRI) scores countries based on the legal and political environment and how well property rights are protected.
The following table lists the IPRI scores and GDP per person in 2018 for six countries.
Transcribed Image Text:The International Property Rights Index (IPRI) scores countries based on the legal and political environment and how well property rights are
protected.
The following table lists the IPRI scores and GDP per person in 2018 for six countries.
GDP per Person
IPRI Score
(Current US Dollars)
Norway
8.5
82,372.4
Singapore
8.4
61,230.2
United Kingdom
8.1
42,260.9
Brazil
5.7
9,126.9
Algeria
4.1
4,449.8
Bangladesh
3.4
1,736.3
Countries with higher income per person generally have
property rights protection than those with lower income per person.
What can the government of a relatively poor country do to promote economic prosperity? Check all that apply.
Establish and enforce strong property rights.
Minimize corruption among government officials.
Promote free trade by reducing or removing tariffs on imports from foreign countries.
O Give inventors and authors exclusive, temporary rights to market and sell their creations.
Transcribed Image Text:The International Property Rights Index (IPRI) scores countries based on the legal and political environment and how well property rights are
protected.
The following table lists the IPRI scores and GDP per person in 2018 for six countries.
GDP per Person
IPRI Score
(Current US Dollars)
Norway
8.5
82,372.4
Singapore
8.4
61,230.2
United Kingdom
8.1
42,260.9
Brazil
5.7
9,126.9
Algeria
4.1
4,449.8
Bangladesh
3.4
1,736.3
Countries with higher income per person generally have
property rights protection than those with lower income per person.
better
What can the government of a relatively poor country do
pte economic prosperity? Check all that apply.
poorer
Establish and enforce strong property rights.
Minimize corruption among government officials.
Promote free trade by reducing or removing tariffs on imports from foreign countries.
O Give inventors and authors exclusive, temporary rights to market and sell their creations.
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