Which of the following countries would be more likely to experience strong economic growth, other things equal? Country JKL's government has the right to take away property from individuals to distribute to government officials as they are better suited to have successful businesses. O Country GHl enforces private property rights only for some groups in society. Country ABC has an extensive set of business laws and property rights laws which promote trust in economic activity Country DEF has common property laws and economic activity is regulated by a national council.
Which of the following countries would be more likely to experience strong economic growth, other things equal? Country JKL's government has the right to take away property from individuals to distribute to government officials as they are better suited to have successful businesses. O Country GHl enforces private property rights only for some groups in society. Country ABC has an extensive set of business laws and property rights laws which promote trust in economic activity Country DEF has common property laws and economic activity is regulated by a national council.
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 4P
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Transcribed Image Text:Which of the following countries would be more likely to experience strong
economic growth, other things equal?
Country JKL's government has the right to take away property from individuals to
distribute to government officials as they are better suited to have successful
businesses.
O Country GHII enforces private property rights only for some groups in society.
Country ABC has an extensive set of business laws and property rights laws which
promote trust in economic activity.
Country DEF has common property laws and economic activity is regulated by a
national council.
Common property systems as opposed to private property ones are less likely to
trigger strong growth
Learning Obiective: Analyze the influence of public policies on an economy's
long-run economic growth
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