Which of the following factors would be most likely to encourage capital formation in a less-developed nation?
a. high and variable rates of inflation
b. tariffs and quotas that restrict international trade
c. a legal system that provides for secure property rights and even-handed enforcement of contracts
d. high marginal tax rates
C
Economics
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The two types of imperfectly competitive markets are
a. monopoly and monopolistic competition. b. monopoly and oligopoly. c. monopolistic competition and oligopoly. d. monopolistic competition and cartels.
Economics
When economists view technological change as internal to the economy, they mean that it:
A. occurs randomly. B. occurs accidentally. C. arises deliberately from the profit motive and competition. D. arises mainly from government subsidies.
Economics