Jeffrey Sachs argues that by virtue of _____, certain societies are more likely to engage in trade than others and are thus more likely to be open to and develop market-based economic systems, which in turn promotes faster economic growth.
A) friendly political systems
B) favorable economic conditions
C) high gross national incomes
D) favorable geography

Question

Quizplus · Accepted Answer

The influential Harvard University economist Jeffrey Sachs argues that by virtue of favorable geography, certain societies are more likely to engage in trade than others and are thus more likely to be open to and develop market-based economic systems, which in turn promotes faster economic growth. He also argues that, irrespective of the economic and political institutions a country adopts, adverse geographical conditions, such as the high rate of disease, poor soils, and hostile climate that afflict many tropical countries, can have a negative impact on development.

Jeffrey Sachs Argues That by Virtue of _____, Certain Societies