The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP per person relative to other countries.She asks you to pick the one you think most likely explains her country's low growth.Which of the following contributes to low growth?
A)poorly enforced property rights
B)outward-oriented trade policies
C)policies that permit foreign investment
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Poorly enforced property rights can lead to inefficiencies in resource allocation, reduced incentives for investment and innovation, and increased corruption, all of which hinder economic growth. Outward-oriented trade policies and policies that permit foreign investment, on the other hand, generally promote economic growth.

The Economic Development Minister of a Country Has a List