Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 17, Problem 4E
To determine
(a)
Suppose you are a benevolent dictator who can impose any policy you chose in your country, if your goal is to accelerate economic development, explain your response for:
Foreign firms are afraid to invest in your country because your predecessor expropriated many foreign-owned factories
To determine
(b)
Suppose you are a benevolent dictator who can impose any policy you chose in your country, if your goal is to accelerate economic development, explain your response for:
There are few entrepreneurs in the country.
To determine
(c)
Suppose you are a benevolent dictator who can impose any policy you chose in your country, if your goal is to accelerate economic development, explain your response for:
The dominant domestic religion teaches that the accumulation of wealth is sinful.
To determine
(d)
Suppose you are a benevolent dictator who can impose any policy you chose in your country, if your goal is to accelerate economic development, explain your response for:
It is customary for families to have at least six children.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
To increase growth, governments should do all of the following except:
encourage saving and investment.
encourage research and development.
promote free trade.
encourage foreigners to invest in your country.
nationalize major industries.
Countries with more economic freedom have levels of economic growth that
a.
are generally lower than the growth rates of countries with less economic freedom.
b.
are similar to those of nations with less economic freedom since the level of investment, not economic freedom, determines the growth rate.
c.
are generally higher than those of nations with less economic freedom.
d.
cannot continue at high levels because too little government planning is being done.
Identify THREE public policies in Jamaica that can stimulate employment and facilitate economic growth in an economy.
Knowledge Booster
Similar questions
- The use of knowledge to improve productivity and enhance economic growth is known as Group of answer choices accumulation of physical capital. invention. innovation. All of the abovearrow_forwardAn increase in capital stock Group of answer choices provides valuable services directly. causes economic growth. All of the above enhances labor productivity.arrow_forwardevaluate this statement by providing THREE reasons for and THREE reasons against. Many believe that the main objective of government economic policy should be to increase productivity and economic growtharrow_forward
- Growth in GDP per capita is an important measure of economic prosperity because it corrects for differences in participation rates. True or Falsearrow_forwardInternational data show a positive correlation between political stability and economic growth. Through what mechanism could strong economic growth lead to political stability?arrow_forwardIn many developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.arrow_forward
- Which of the following did not result in economic growth? Group of answer choices Installing a network of irrigation ditches and pumping stations in order to grow fruits and vegetables in parts of southern California. Many citizens emigrating from Zimbabwe when a politically repressive regime took office. The invention of a threshing machine for harvesting grains. Increased government funding of post-secondary education.arrow_forwardGovernment can play a major positive role in the early stage of economic development by promoting entrepreneurship. promoting exports by subsidizing them. establishing price controls for products. requiring start-ups to go through an extensive government approval process.arrow_forwardWhich of the following is NOT a primary obstacle to economic growth for economically challenged countries? Question 3 options: Smaller populations to foster economic growth compared to high-income countries Lack of a stable government to effectively implement and oversee growth policies Lack of economic stability Lack of market-oriented institutions to support economic growtharrow_forward
- MODIFIED TRUE OR FALSE UNDER PATTERNS OF STRUCTURAL CHANGES, ECONOMIES MUST GO THROUGH A NUMBER OF DEVELOPMENT STAGES TOWARDS GREATER ECONOMIC GROWTH.arrow_forwardWhich of the following statements about sending foreign aid to low-income countries is TRUE? Group of answer choices It is an effective tool for stimulating exponential economic growth Policymakers are not aware of the limitations of foreign aid It is most often used to meet basic human needs Foreign aid constitutes more than 20% of low-income countries' GDParrow_forwardMany years of past economic growth mean that the most-developed countries have ______. Group of answer choices so much wealth that less-developed countries will never be able to catch up. a higher rate of economic growth than the least-developed countries. overcome the problem of diminishing marginal returns on capital. greater output in a day than the least-developed countries do in a year.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
