Countries with Which of the Following Are More Likely to Attain

question 56

Multiple Choice

Countries with which of the following are more likely to attain high and sustained economic growth rates and are thus a more attractive location for international business?

• A)Weak protection of property rights
• B)Democratic regimes
• C)Command-based economic policies
• D)Ideologies that differ from Western ideologies
• E)Totalitarian dictatorships

---

Definitions:

Antique Objects

Items of high value due to their considerable age, rarity, craftsmanship, or historical significance.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in decision-making.

Inefficient Outcomes

Situations in which resources are not allocated optimally, leading to wasted resources or unmet potential.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.