A Country with a Relatively Low Level of Real GDP

question 100

Multiple Choice

A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The first is to decrease barriers to trade.The second is to restrict foreign portfolio investment.Which of these policies do most economists say promote growth?

• A)both the first and the second
• B)the first but not the second
• C)the second but not the first
• D)neither the first nor the second

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Definitions:

Dunnett Test

A statistical test used to compare multiple treatments with a control in experimental studies.

Reference Group

A group used as a standard for comparison in a research study, often to evaluate the effects of a treatment or condition.

Analytic Comparison

The process of examining similarities and differences between variables or data sets to draw conclusions or make decisions.

Explained Error

The portion of the total variation in a dataset that is accounted for by the model's predictions.