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
Acromegaly in one individual from a pair of identical twins.
Relative Energy Consumption per Person for Selected Countries
International Television Viewing Rates in Childhood In most developed countries, children watch TV
Freedom House is a nonprofit institution that uses several different factors to rank countries based
Population growth in India, China, Africa, and other countries in the developing world
Share of Human Capital in Wages in Advanced Countries