37 The island of Hispaniola, located in the Caribbean, is divided roughly in half by thetwo countries that occupy it. The western half is the country of Haiti, and the easternhalf is the country of the Dominican Republic. In 2011, real per capita gross domesticproduct (GDP) in Haiti was roughly $740. In the Dominican Republic, it was almost$9,300. What most likely explains this difference?a) The Dominican Republic restricts the flow of capital across borders, whileHaiti does not.O b) The government in the Dominican Republic is more corrupt than thegovernment in Haiti.Oc) The Dominican Republic has more international trade barriers than Haiti.d) The Dominican Republic has stronger institutions than Haiti.e) Haiti enforces private property rights, while the Dominican Republic does not.

Per capita GDP refers to the total output of a country divided by its population. It is the value of…

The island of Hispaniola, located in the Caribbean, is divided roughly in half by the two countries that occupy it. The western half is the country of Haiti, and the eastern half is the country of the Dominican Republic. In 2011, real per capita gross domestic product (GDP) in Haiti was roughly $74o. In the Dominican Republic, it was almost $9,300. What most likely explains this difference? Oa) The Dominican Republic restricts the flow of capital across borders, while Haiti does not. b) The government in the Dominican Republic is more corrupt than the government in Haiti. OcC) The Dominican Republic has more international trade barriers than Haiti. Od) The Dominican Republic has stronger institutions than Haiti. Oe) Haiti enforces private property rights, while the Dominican Republic does not.

The island of Hispaniola, located in the Caribbean, is divided roughly in half by the two countries that occupy it. The western half is the country of Haiti, and the eastern half is the country of the Dominican Republic. In 2011, real per capita gross domestic product (GDP) in Haiti was roughly $74o. In the Dominican Republic, it was almost $9,300. What most likely explains this difference? Oa) The Dominican Republic restricts the flow of capital across borders, while Haiti does not. b) The government in the Dominican Republic is more corrupt than the government in Haiti. OcC) The Dominican Republic has more international trade barriers than Haiti. Od) The Dominican Republic has stronger institutions than Haiti. Oe) Haiti enforces private property rights, while the Dominican Republic does not.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

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