Consider Two Countries: Country a and Country B

question 37

Multiple Choice

Consider two countries: Country A and Country B.Both countries are identical in all aspects except one.There are well-defined property rights in Country A,while there are no property rights in Country B.Given this information,which of the following statements is likely to be true?

• A) Country A is likely to grow faster than Country B.
• B) Country B is likely to grow faster than Country A.
• C) Both countries are likely to grow at the same rate.
• D) Neither of the countries is likely to experience any growth in GDP.