Which of the Following Statements Is True of Economic Growth

question 27

Multiple Choice

Which of the following statements is true of economic growth?

• A) Compared to countries with extractive institutions, economic growth in countries with inclusive institutions is more likely to stagnate in the long run.
• B) Countries with extractive institutions are likely to grow at the same rate as countries with inclusive institutions.
• C) Countries with extractive institutions are likely to grow faster than countries with inclusive institutions.
• D) Countries with inclusive institutions are likely to grow faster than countries with extractive institutions.

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Definitions:

Innovative Changes

The introduction of new methods, ideas, or products to improve efficiency or outcomes.

Traditional Strategy

A method of planning and executing operations that relies on proven practices and historical success.

Credit for Success

Recognition or acknowledgment given to individuals or groups for their contributions to achieving successful outcomes.

Performance Deficiencies

Instances or areas in which an individual's or organization's performance falls short of expectations or standards.