When Considering the Economic Prospects of a Country, It Can

question 69

Multiple Choice

When considering the economic prospects of a country, it can be said that

• A) the economic system and property rights regime are reasonably good predictors of economic prospects of a country.
• B) countries with command economies tend to achieve greater economic growth rates than free market economies.
• C) countries which do not have property rights protection tend to achieve greater economic growth rates.
• D) countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth.
• E) the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover.

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Definitions:

Edgar Cayce

An American self-proclaimed clairvoyant known for his psychic readings and contributions to alternative medicine.

Atlantis

A mythical island nation often described as having sunk into the ocean in ancient times.

Predicted

Forecasted or estimated the outcome or occurrence of something in the future based on current evidence or trends.

Millionaire

An individual whose net worth or wealth is equal to or exceeds one million units of currency.