Which of the Following Is Most Important If a Country

question 42

Multiple Choice

Which of the following is most important if a country is going to grow rapidly and achieve a high level of per capita income?

• A) An abundance of natural resources.
• B) A warm moist climate.
• C) A small population relative to the geographic size of the country.
• D) Institutions and policies that encourage people to engage in productive activities.

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Definitions:

Foreign Corrupt Practices Act

A U.S. law aimed at preventing American businesses from bribing foreign officials to secure or maintain business.

Facilitation Payments

Payments made to speed up the actions that government officials are already bound to perform.

President Gerald Ford

The 38th President of the United States, serving from 1974 to 1977, known for his efforts to heal the country post-Watergate scandal.

Contracts

Legal agreements between two or more parties that are binding in law.