The economic development minister of a country has a list of things she thinks may explain her country's low growth of real GDP per person relative to other countries. She asks you to pick the one you think most likely explains her country's low growth. Which of the following contributes to low growth?
A)strong private property rights
B)tariffs and quotas
C)encouraging foreign investment
D)low population growth

Question

Quizplus · Accepted Answer

Tariffs and quotas restrict international trade, which can limit the export of goods and services from the country, leading to lower growth of real GDP per person.

The Economic Development Minister of a Country Has a List