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

Political institutions are more likely to allow and encourage the emergence of good economic institutions and policies when

A less-developed nation will be able to benefit substantially by adopting the technologies and the business practices that have been successful in other nations, but only if

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

Compared to countries with less economic freedom, countries with more economic freedom

Private ownership and competitive markets are important for economic growth because they provide individuals with a strong incentive to

The world bank classifies persons with incomes of less than $3.10 per day (measured in 2011 international dollars) as living in moderate poverty. Between 1980 and 2013, the moderate poverty rate of the world

When making income comparisons across countries, economists generally prefer to use

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

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

When considering the impact of institutions and policies on economic performance, it is most important to focus on

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

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

If the 1980 extreme and moderate poverty rates of the world were present today, there would be

Which of the following will increase economic freedom?

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

Concerning economic freedom, which of the following is true?

Which of the following provides the best explanation of why low-income countries generally remain poor?

Which of the following countries have the highest per person income levels?

Which of the following is true of technology?

The sound economic institutions and policies needed for economic growth and prosperity