For countries to be wealthy, they need lots of physical and human capital per worker, which, in turn, depends on a system of private property rights, political stability, a just legal system, honest government, and competitive and open markets.
Correct Answer:
Verified
Q210: America was so poor in past centuries
Q211: Everyone can benefit from trade through increased
Q212: South Korea is an example of a
Q213: Greater emphasis on self-sufficiency and trading less
Q214: The economics of trade depends on whether
Q216: Understanding economic growth is one of the
Q217: While trade has many benefits, the division
Q218: The theory of comparative advantage concludes that
Q219: Because of their low incomes, about a
Q220: The Federal Reserve acted quickly and appropriately
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents