Which of the following accurately describes the impact of the rule of law on a country's economic growth rate?
A) Countries where favoritism and bribery are common have stronger rates of growth.
B) Countries with a strong rule of law have faster economic growth.
C) Countries with a weak rule of law have faster economic growth.
D) Countries that enforce property rights through lawsuits have slower economic growth.
Question 2
Refer to Table 19-20. Given the following information, calculate the rate of increase in the price level from 2015 to 2016.
A) 8.6 B) 7.9 C) -7.9 D) -8.6
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Graph approximated by two parabolas for the Simpson's rule