Those who advocate a role for the World Bank in establishing systems of well-defined property and contract rights in developing nations would argue that
A) such changes would eliminate the need for short-term loans.
B) such changes would make these economies more productive.
C) such changes would eliminate the need for long-term capital funding.
D) asymmetric information is currently not a problem in these countries.
Question 2
Which of the following is a better measure of the productivity of employed people in a country?
A) Gross Domestic Product B) Gross National Product
C) Income per worker D) Income per capita
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