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.
Teenage Pregnancy Rates in Developed Countries
International Television Viewing Rates in Childhood In most developed countries, children watch TV
The fact that a mother works outside the home has no negative effect on the well-being of her child ...
Countries of Origin of Asian Americans
Healthy Eating around the World Many countries