Author Question: Which of these problems may result from a developing country liberalizing its policies? a. The ... (Read 23 times)

sabina · **on:** Jul 8, 2018

Which of these problems may result from a developing country liberalizing its policies?

a. The high-wage jobs supporting the emerging middle class are driven to other countries.
b. Highly-skilled and well-paid workers are taxed so highly that they choose to work fewer hours.
c. Government spending on education and social welfare programs becomes unsustainably high.
d. The workers needed to promote increased development are forced to move to wealthier countries in order to earn more.

Question 2

Liberalization has which effect on a country?

a. It nationalizes key industries
b. It increases the average tax burden
c. It makes the bureaucracy more efficient
d. It decreases government intervention in the economy