Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Chapter 16, Problem 3CQ
To determine
Evaluate the economic condition.
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Suppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign investment in the United States. 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 envelopment in health and sciences. Protecting property rights and enforce contracts. Increasing taxes on income from savings 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? Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal Justice systems Improvements in technology from the incentives created by a better patent system Improvements in worker health from better nutrition Inward oriented policies that protest…
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Economics: Private and Public Choice
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- In short third world countries are in the trap of those type of problems which creates imbalance in the economy and slow down their process of development.arrow_forwardInward foreign direct investment (FDI) can have both positive and negative effects on developing economies. Discuss these trade-offs from the perspective of the (a) national government and (b) local (domestic) firms.arrow_forwardDiscuss what is monetary and fiscal policies. How these policies can be able to aid economic developmentarrow_forward
- To answer this question please refer to chapter 13, "Development Economics: The Wealth and Poverty of Nations," in Charles Wheelan's Naked Economics:Undressing the Dismal Science. According to Wheelan all of the below are important determinants for economic growth and development of nations, EXCEPT THIS ONE. Which of the below does Wheelan consider to be NOT ESSENTIAL for economic growth and development? A) Well-defined property rights. B) Openness to trade. C) Non-excessive levels of regulation. D) Possession of large amounts of natural resources. E) Human capital. F) Responsible fiscal and monetary policy.arrow_forwardThe world economy is a system: due to the fact that it includes both developed and developing countries; because it is composed of a unique structure; thanks to the fact that it spreads all over the planet; because there are interdependencies between the component parts;arrow_forwardAre trade restrictions necessarily bad for a developing economy? Under what circumstances are trade restrictions good for the economy? Under what circumstances are trade restrictions bad for the economy?arrow_forward
- why countries needs economic diversificationarrow_forwardGive reasons why the economically developed countries have a high value for the ranking but economically undeveloped countries have comparatively low values.arrow_forward“The world population problem is not just a matter of expanding numbers but also one of rising affluence and limited resources. It is as much a problem caused by developed nations as it is one deriving from developing countries.” Comment on this statement.arrow_forward
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