Exam 17: Institutions, Policies, and Cross-Country Differences in Income and Growth

One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?

Which of the following will increase economic freedom?

The Economic Freedom of the World index is a measure of the consistency of a nation's institutions and policies with

What are some of the key economic factors that characterize countries with poor growth records?

Which of the following is one of the reasons to believe that institutional change is more likely now than in the past?

(I) Other things constant, countries that invest more will grow more rapidly. (II) The private investment rate of the most economically free countries is nearly twice as much as that of the least free countries.

Which of the following is true regarding the growth record of less-developed countries (LDC's) during the past quarter of a century?

Researchers have found that countries that were settled by Europeans who planned on staying permanently were

According to the Economic Freedom of the World measure, between 2000 and 2010 the economic freedom of the United States

Which of the following economies have the highest degree of economic freedom?

If a country's political leaders wanted to promote economic growth, which of the following policy alternatives would be most effective?

When competition is present and private ownership rights are clearly defined and securely enforced,

The adoption of modern technologies and business methods have the possibility to improve economic performance in a nation with low per capita income and low growth, but only if

Compared to high-income developed countries, the per person income levels of poorer less developed countries are somewhat understated because

Which of the following is a key characteristic of economic freedom?

Government policies that heavily tax some activities while subsidizing others and that fix or control interest rates will result in

The income per person in the quartile of countries with the most economic freedom was approximately ____ times the figure for the least free group of countries.

Democracy tends to best promote freedom when there is

During 1980-2009, the countries achieving the most rapid growth of real GDP were nearly all

Stable money and prices are a key source of economic growth because