Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. 2 Protecting property rights and enforcing contracts O Pursuing inward-oriented policies V Providing tax breaks and patents for firms that pursue research and development in health and sciences O Imposing restrictions on foreign ownership of domestic capital What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best known for suggesting? O Inward-oriented policies that protect domestic firms from foreign competition O Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal justice systems O Improvements in worker health from better nutrition O Improvements in technology from the incentives created by a better patent system

Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. 2 Protecting property rights and enforcing contracts O Pursuing inward-oriented policies V Providing tax breaks and patents for firms that pursue research and development in health and sciences O Imposing restrictions on foreign ownership of domestic capital What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best known for suggesting? O Inward-oriented policies that protect domestic firms from foreign competition O Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal justice systems O Improvements in worker health from better nutrition O Improvements in technology from the incentives created by a better patent system

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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One of the biggest challenges for stimulating economic growth in high-income countries is Group of answer choices Meeting basic human needs like food, water, and shelter Limited investment opportunities Increasing education, innovation, and technology Determining how to wisely spend large reserves of savings to promote growth
List the factors that account for increases or decreases in productivity growth rates.
Discuss three policies the government can implement in order to increase the growth factors in their country.
2. You are a manager at a large shampoo company and on the search for future markets. You identified two low income countries that look very dynamic: Country A has a GDP/capita growth rate of -1% and population growth rate of 9%. Country B has a GDP/capita growth rate of 7% and constant population. (a) Discuss which country you should focus on for your expansion. (b) Discuss if your answer would change if the products you are trying to sell are cars.
Discuss three policies governments can use to promote economic growth
What are the major sources of economic growth
Discuss the features for assisting the growth process of nations towards becoming developed economies
Explain why the manufacturing sector can have higher productivity compared to the Agriculture sector in developing countries
In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self-esteem. Is it possible that there could be growth of per capita income without the achievement of these other objectives?
Do you think that other LDC could pursue export-led growth strategies as effectively as the East Asian NIE's?
Discuss the methods and factors than can help to improve economic growth?
Why might the use of more advanced technology not be a sufficient condition for sustained economic growth?