Which of the following is typical of developing economies?
A) low levels of bureaucracy and red tape
B) low debt levels
C) lack of cultural history
D) poor education systems
Question 2
Which of the following statements strengthens the proposition that free trade is beneficial to nations?
A) Free trade increases the standard of living by reducing consumer expenses.
B) Imported products tend to be more expensive than domestically produced products.
C) Unrestricted international trade generally lowers the overall prosperity of poor countries.
D) Unrestricted international trade generally boosts inflation in developed economies.
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