Which of the Following Public Policies Would Be Least Likely

question 97

Multiple Choice

Which of the following public policies would be least likely to result in more rapid economic growth for a poor or developing country?

• A)policies designed to promote economic development in coastal areas
• B)policies designed to foster strict enforcement of property rights
• C)policies designed to foster free trade
• D)inward-oriented policies

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Definitions:

Actual Output

The total value of goods and services produced by an economy at a given period, also known as real GDP.

Aggregate Supply

The total supply of goods and services produced within an economy at a given overall price level and in a given time period.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, often used as a measure of inflation.

Expected Price Level

The anticipated average level of prices in the economy for goods and services, as predicted by consumers and businesses.