Related to the Economics in Practice on page 710: Which of the following is true concerning economic development in many countries?
A) It is affected by the level of corruption.
B) It is affected by inefficiency in government.
C) As corruption falls, the cost of production often falls.
D) All of the above are true.

Question

Quizplus · Accepted Answer

All the statements are true regarding the impact on economic development in many countries. Corruption and government inefficiency can significantly hinder economic growth by increasing the costs and barriers to doing business. As corruption decreases, the cost of production can also decrease, making the economy more efficient and competitive.

Related to the Economics in Practice on Page 710: Which