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The Majority of Empirical Evidence Supports the Hypothesis That Economies

Question 21

Multiple Choice

The majority of empirical evidence supports the hypothesis that economies that are open to trade _____ than comparable closed economies.


A) grow more rapidly
B) have lower steady-state levels of income per worker due to foreign competition
C) have faster rates of population growth and technological progress
D) converge more slowly to a steady-state equilibrium

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