
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 17
Identify each of the following situations as something that either promotes growth or retards growth.
a. Increasing corruption allows government officials to steal people's homes.
b. A nation introduces patent laws for the first time.
c. A court order shuts down all banks permanently.
d. A poor country extends free public schooling from 8 years to 12 years.
e. A nation adopts a free-trade policy.
f. A formerly communist country adopts free markets.
a. Increasing corruption allows government officials to steal people's homes.
b. A nation introduces patent laws for the first time.
c. A court order shuts down all banks permanently.
d. A poor country extends free public schooling from 8 years to 12 years.
e. A nation adopts a free-trade policy.
f. A formerly communist country adopts free markets.
Explanation
This retards growth. Strong property rig...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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