Which of the following institutional arrangements is most likely to promote growth? – Q/A (Question and Answer)
Question
Which of the following institutional arrangements is most likely to promote growth? – Q/A (Question and Answer)
Test Answer
Patents and copyrights that expire quickly and are loosely enforced. Strong government control over resource allocation decisions. Unrestricted trade between nations. All of these.
Answer:
Unrestricted trade between nations.
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