Which of the following statements is most likely to be true about the

QUESTION

Which of the following statements is most likely to be true about the economic prospects of a country?

A. The economic system and property rights regime are reasonably good predictors of economic prospects of a country.

B. Countries with command economies tend to achieve greater economic growth rates than free market economies.

C. Countries which do not provide any protection for property rights tend to achieve greater economic growth rates than the countries in which property rights are protected.

D. Countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth.

E. The advantages of building brand loyalty and gaining experience in a country’s business practices is greater for a last-mover than for a first-mover.

 

ANSWER

A
country’s economic system and property rights regime are reasonably good predictors of economic prospects. Countries with free market economies in which property rights are protected tend to achieve greater economic growth rates than command economies or economies where property rights are poorly protected.

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