Poor countries are poor because of all of the following except:
A) Do not produce many goods and services
B) Have reliable rules of the game
C) Have low labor productivity
D) Have low education levels
E) Have serious deficiencies in the physical infrastructure

Question

Quizplus · Accepted Answer

Reliable rules of the game can help promote economic growth and development by creating a stable business environment with clear property rights, contract enforcement, and a level playing field for competition. The other options (A, C, D, and E) are commonly cited factors that can contribute to lower economic development in poor countries.

Poor Countries Are Poor Because of All of the Following