Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply. Provide the legal and regulatory environment necessary for the functioning of a sound banking system. Establish and enforce strong property rights. Publicly fund a reasonable quantity of high-quality education. Allow people and businesses to trade freely with foreign producers and consumers. Allow the government to make all decisions about the economy's current production and investments for future production.

Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply. Provide the legal and regulatory environment necessary for the functioning of a sound banking system. Establish and enforce strong property rights. Publicly fund a reasonable quantity of high-quality education. Allow people and businesses to trade freely with foreign producers and consumers. Allow the government to make all decisions about the economy's current production and investments for future production.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: The infrastructure of developing countries usually cannot meet the needs of a rapidly growing…

A: Developing countries halve huge infrastructure requirements,considering the extent to which they…

Q: P than another country b icators.

A: GDP is a tool to measure growth in an economy. It is a quantitative measure and doesn't incorporate…

Q: An underdeveloped country is a country characterized by chronic widespread poverty and less economic…

A: Absolute poverty refers to a condition where individuals or communities lack the basic necessities…

Q: Discuss the economic impact of the global economy in developing countries and list three impacts…

A: The order to combine with the global economy has proven to be a valuable instrument. Countries can…

Q: A key reason for low foreign direct investment in developing nations is: the presence of tariff and…

A: Foreign direct investment refers to the situation when foreign investors make direct investment in…

Q: What are the policy options developing countries might follow to prevent urbanization without…

A: Urbanization is the movement of people from rural to urban areas, allowing cities and towns to…

Q: Identify one developed and one developing country. Research their recent economic growth rates.…

A: Consider a developed country United States of America and a developing country India. Economic…

Q: Describe the optimal level of state involvement in the economy of developing countries. What are the…

A: Developing countries are those countries that are not developed but are on the path to getting…

Q: ow could sustainable development contribute to economic progress in developing countries

A: Developing countries are defined by a variety of economic and social factors. They are often known…

Q: An underdeveloped country is a country characterized by chronic widespread poverty and less economic…

A: HDI, or the Human Development Index, evaluates a nation's progress, encompassing life expectancy,…

Q: Economic activity in developing countries is limited at least in part due to limited investment.…

A: Introduction: The general price level of an economy is rising, which is known as the inflation rate…

Q: Explain why fertility rates are falling much more rapidly in some developing countries than in…

A: The fertility rate is an essential demographic metric that shows how a population reproduces.…

Q: Summarize the different implications of sustainable development in developed and developing…

A: Sustainable development is defined as development that satisfies current demands while not…

Q: An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.

A: GDP refers to the all final value of good and services produced in the domestic territory of the…

Q: Explain in detail what are the differences between an emerging country and a developing country

A: Meaning of Emerging and Developing Country: An emerging country refers to emerging economy and…

Q: Discuss economic development strategies. What strategies have worked best? For which countries?…

A: Business can be of many different types. For example in computer keyboard business, there is…

Q: Understanding of growth is important because it means that the country wants to grow in which region…

A: Economic growth refers to an increase in the value of goods and services produced in the economy…

Question

5. Government policies that promote economic growth
Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply.
Provide the legal and regulatory environment necessary for the functioning of a sound banking system.
Establish and enforce strong property rights.
Publicly fund a reasonable quantity of high-quality education.
Allow people and businesses to trade freely with foreign producers and consumers.
Allow the government to make all decisions about the economy's current production and investments for future production.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Define the Economic Growth in Developing Countries

VIEW

Step 2: Choose Correct Option:

VIEW

Step 3: Explain Incorrect Options:

VIEW

Solution

VIEW

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

An increase in the standard of living of citizens of a country can be best measured by the growth rate of per capita nominal GDP nominal GDP real GDP per capita real GDP
Education, power, and technology can impact a country's prosperity. Discuss several factors that support that assertion. Please and Thank you
Comment on the following statement: The level and growth rate of real GDP per capita can be a misleading indicator of development. At the same time, countries that experience sustained increases in real GDP per capita over time will tend to be more developed
Identify ONE way that the data in the chart illustrate global economic differences between countries in the late twentieth century. b) Identify ONE similarity (other than GDP per capita) that might account for the low life expectancies of some of the world’s countries, as displayed in the chart. c) Explain ONE way in which longer life expectancies in some of the world’s countries, as displayed in the chart, have led to new political, economic, or social problems.
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
Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign_____________investment in Argentina. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Providing tax breaks and patents for firms that pursue research and development in health and sciences Imposing restrictions on foreign ownership of domestic capital Protecting property rights and enforcing contracts Increasing taxes on income from savings Which of the following are possible outcomes of rapid population growth? A reduction in human capital per worker A reduction in capital per worker An increase in technological knowledge All of the above
Compare and contrast different countries' political, economic, and legal systems with those of the United States. Discuss a foreign nation's distinct political, economic, and legal systems. Talk about the impact of these elements on economic development. To improve understanding and keep people interested, keep the conversation lively and realistic. To elicit more comprehension, be grounded rather than scholarly.
Discuss any two specific policies that developing-country governments can adopt to lower birth rates in the short run.
Which of the following is NOT a primary obstacle to economic growth for economically challenged countries? Question 3 options: Smaller populations to foster economic growth compared to high-income countries Lack of a stable government to effectively implement and oversee growth policies Lack of economic stability Lack of market-oriented institutions to support economic growth
Which of the following is NOT a reason why middle-income countries in the east have experienced rapid growth rates? Group of answer choices The countries developed abundant new technologies which drove growth These countries had a strong policy structure that supported human capital investments These countries encouraged participation in the world markets These countries accrued larger savings and invested it domestically
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?
What governmental and non-profit organization policies and initiatives do you think would be the most effective at improving a country's ongoing economic development.