Which of the Following Statements Is True

question 18

Multiple Choice

Which of the following statements is true?

• A) Output is likely to be lower in a market economy than in a command economy.
• B) Output is likely to be the same in a command economy and in a market economy.
• C) Output is likely to be lower in an economy with extractive institutions than in an economy with inclusive institutions.
• D) Output is likely to be the same in an economy with extractive institutions and in an economy with inclusive institutions.

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Definitions:

P-value

A statistical measure that indicates the probability of the observed data given a specific hypothesis is true.

New Programs

Initiatives or set of instructions designed to perform specific tasks or to address new areas of need or interest.

Disapproval Rate

The percentage of individuals or respondents who express dissatisfaction or objection to something, often used in surveys or polls.

Newspaper Ad

An advertisement placed in a newspaper to promote products, services, or to convey messages to a large audience.