Long-Run Economic Growth Is

question 160

Multiple Choice

Long-run economic growth is:

• A) higher in countries with a weak rule of law and excessive government intervention.
• B) lower in countries with a strong government and independent judiciary.
• C) lower in countries whose courts enforce property rights and whose government protects its citizens.
• D) higher in countries with a strong rule of law and political stability.

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Definitions:

Energy Flow

Passage of energy in a one-way direction through an ecosystem.

Ecosystem

The interacting system that encompasses a community and its nonliving, physical environment. Compare with community.

Producers

Organisms, typically plants, that create their own food through photosynthesis, forming the base of the food chain.

Deductive Reasoning

The reasoning that operates from generalities to specifics and can make relationships among data more apparent. Compare with inductive reasoning. See hypothetico-deductive approach.