Which of the following can explain why some countries

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Exploring Microeconomics
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Chapter 18 / Exercise 15
Exploring Microeconomics
Sexton
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168) Which of the following can explain why some countries havenotexperienced relatively highgrowth rates in real GDP per capita despite relatively low initial levels of real GDP per capita?A) Many of these developing countries do not have a functioning court system that can enforcelaws.B) Countries that are relatively poor are likely to have a lower quality of health care.C) Countries that are relatively poor are more likely to experience wars and revolutions.D) all of the aboveAnswer: D
168)
Page Ref: 753/371Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.41
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Exploring Microeconomics
The document you are viewing contains questions related to this textbook.
Chapter 18 / Exercise 15
Exploring Microeconomics
Sexton
Expert Verified
169) According to the World Bank, Albania does one of the worst jobs as a country enforcing the ruleof law. The consequence of a weak rule of law is
169)
Page Ref: 753/371Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.170) The purchase or building by a corporation of a facility in a foreign country is called170)
Page Ref: 756/374Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.171) The purchase by an individual or firm of stock or bonds issued in another country is called
Page Ref: 756/374Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.172) Developing countries with low saving rates and poor levels of health and education are likely toexperience
172)
Page Ref: 755-756/373-374Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.173) High-income countries have ________ and ________ as compared to developing countries.A) low rates of savings; low rates of growthB) low rates of savings; high rates of growthC) high rates of savings; low rates of growthD) high rates of savings; high rates of growth173)Answer: D
Page Ref: 755-756/373-374Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.42

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