Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply. O Establish and enforce strong property rights. Allow people and businesses to trade freely with foreign producers and consumers. Do away with patent and copyright protections so that new creations diffuse more quickly throughout the economy. Allow the government to make decisions about the economy's current production and investments for future production. O Provide the legal and regulatory environment necessary for the functioning of a sound banking system.
Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply. O Establish and enforce strong property rights. Allow people and businesses to trade freely with foreign producers and consumers. Do away with patent and copyright protections so that new creations diffuse more quickly throughout the economy. Allow the government to make decisions about the economy's current production and investments for future production. O Provide the legal and regulatory environment necessary for the functioning of a sound banking system.
Chapter16: Economic Growth
Section: Chapter Questions
Problem 8E
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Transcribed Image Text:Which of the following policies could a relatively poor developing country adopt to promote economic growth? Check all that apply.
O Establish and enforce strong property rights.
Allow people and businesses to trade freely with foreign producers and consumers.
O Do away with patent and copyright protections so that new creations diffuse more quickly throughout the economy.
O Allow the government to make decisions about the economy's current production and investments for future production.
O Provide the legal and regulatory environment necessary for the functioning of a sound banking system.
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