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

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

Which of the following will be required for a country to move up the income ladder and achieve high-income status?

Which of the following countries achieved the most rapid growth rate of real income per person during 1980-2009?

Which of the following tends to make a country's political institutions more effective in promoting economic freedom?

Which of the following is true of modern technology?

Which of the following adopted reforms that have substantially improved their economic freedom rating since 1980?

During the past quarter of a century,which of the following has contributed to the economic growth of China?

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

The purchasing power parity method of comparing income across countries is based on

Which of the following are examples of countries undertaking economic reforms that have increased economic freedom and resulted in better economic growth records?

The empirical evidence indicates that compared to economies that are less free,countries with institutions and policies more consistent with economic freedom

Authoritarian political regimes

In the absence of an even-handed legal system,high transaction costs will eliminate many potential mutually advantageous trades and the accompanying gains from