Consider two countriesA and B. Both the countries are identical except for the fact that institutions are extractive in country A and institutions are inclusive in country B.
Given this information, which of the following statements will be true?
A) Country A will be characterized by higher output and larger number of entrepreneurs than country B.
B) Country A will be characterized by lower output but larger number of entrepreneurs than country B.
C) Country A will be characterized by lower output and smaller number of entrepreneurs than country B.
D) Country A will be characterized by higher output but lower number of entrepreneurs than country B.
Question 2
Which of the following should be included in U.S. GDP?
A) a 3D television manufactured in Thailand and sold in the United States
B) a 3D television manufactured in the United States and sold in Thailand
C) a 3D television manufactured in Thailand by a U.S. firm and sold in the United States
D) a used 3D television manufactured in the United States and sold in Thailand
Ecological footprints of different countries.
Countries with the Greatest Oil Reserves
Cesarean Section Rates, Selected Countries
Divorce Rates, Selected Countries In many countries divorce rates have risen in recent decades.
Capital’s Share of Income in a Cross-Section of Countries
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