Other Things Equal,the Likelihood That a Country Will Experience a Relatively-High

question 49

Multiple Choice

Other things equal,the likelihood that a country will experience a relatively-high level of income is greater if the country

• A)pursues inward-oriented policies.
• B)has natural seaports.
• C)minimizes the role of the courts in its economy.
• D)enacts policies to encourage consumption and discourage saving.

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Definitions:

Positivism

A philosophical approach that asserts that knowledge should be derived from empirical and observable evidence.

Theoretical Approach

A systematic way of thinking about and analyzing a phenomenon, guided by a set of concepts and propositions.

Urban-Rural Differences

The varying characteristics, lifestyles, and social and economic conditions that distinguish urban areas from rural areas.

Structural Factors

Elements within a society or economy that influence how it functions, often related to institutions, social norms, and demographic trends.