Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply. O Establish and enforce strong property rights. Allow people and businesses to trade freely with foreign producers and consumers. Do away with patent and copyright protections so that new creations diffuse more quickly throughout the economy. Allow the government to make decisions about the economy's current production and investments for future production. O Provide the legal and regulatory environment necessary for the functioning of a sound banking system.

Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply. O Establish and enforce strong property rights. Allow people and businesses to trade freely with foreign producers and consumers. Do away with patent and copyright protections so that new creations diffuse more quickly throughout the economy. Allow the government to make decisions about the economy's current production and investments for future production. O Provide the legal and regulatory environment necessary for the functioning of a sound banking system.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section: Chapter Questions

Problem 15AA

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Question

Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply.
O Establish and enforce strong property rights.
Allow people and businesses to trade freely with foreign producers and consumers.
O Do away with patent and copyright protections so that new creations diffuse more quickly throughout the economy.
O Allow the government to make decisions about the economy's current production and investments for future production.
O Provide the legal and regulatory environment necessary for the functioning of a sound banking system.

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