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

In a majority-rules democracy, economic thinking suggests that we should expect to see institutions and policies that

During 1980-2013, the developing countries that moved most rapidly toward  economic freedom

The economic freedom of the world data indicate that during the past three decades, low-income developing economies have

Which of the following about economic growth is true?

According to the Economic Freedom of the World data, the United States

Which of the following would be most likely to improve the standard of living of a less-developed country?

Countries that have a higher degree of economic freedom tend to

Which of the following is true of economic rules and institutions?

Which of the following is true?

(I)  Countries with more economic freedom during the past quarter of a century had a lower average per capita GDP. (II)  Countries with more economic freedom during the past quarter of a century generally achieved higher rates of economic growth.

Countries with more economic freedom during 1990-2013 tended to

Which of the following about economic growth is true?

The purchasing power parity method of comparing income levels across countries

Authoritarian political regimes

The Economic Freedom of the World measure indicates that the United States

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

Income per person in the United States is approximately ____ that of Malawi, and Niger, two of the world's poorest countries.

Which of the following helps low income countries grow rapidly relative to high income countries?

In order to achieve a high economic freedom rating, a country must

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