Towards the End of the Twentieth Century, Some of the World's

question 127

Multiple Choice

Towards the end of the twentieth century, some of the world's more affluent countries experienced robust growth while others experienced growth slowdown or even stagnation. Which of the following is not a reason for the divergent growth trend?

• A) disparities in the rate of accumulation of human capital
• B) unwillingness to enforce property rights
• C) disparities in the employment rate
• D) differences in macroeconomic policymaking that allow producers to take a long-term view

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Definitions:

American Trade

Refers to the commerce and trade activities conducted by the United States with other countries, encompassing exports and imports of goods and services.

Supreme Court

The highest federal court in the United States, consisting of nine Justices and having ultimate appellate jurisdiction over all U.S. courts and the authority to interpret the Constitution.

Jackson

Refers to Andrew Jackson, the seventh President of the United States, known for his populist policies and significant actions such as the Indian Removal Act.

Erie Canal

A historic canal in New York, opened in 1825, playing a crucial role in the westward expansion and economic growth of the United States by linking the Great Lakes with the Atlantic Ocean.