International Business Study Set 5
Quiz 3: National Differences in Economic Development
A Country's Economic System and Property Rights Regime Are Reasonably
A country's economic system and property rights regime are reasonably good predictors of economic prospects.
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Countries with free market economies in which property rights are protected tend to achieve lower economic growth rates than command economies where property rights are poorly protected.
It may be more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and supporting businesses.
Economic risks are independent of political risk.
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