What is the effect of a country not enforcing property​ rights? a. The market system will still work smoothly. b. That country will grow more rapidly because of the reduction of law suits c. That​ country's growth rate will not be affected. d. Entrepreneurs are not likely to risk their own funds investing in such an economy.

What might happen to a country’s economy and standard of living without property rights?Multiple ChoiceIncrease because people will be producing more goods and servicesDecrease because there are fewer incentives to produce goods and servicesStay the sameIncrease because there are more incentive to produce goods and services

From an economist’s perspective, why are property rights and the rule of law so important for economic development?Multiple ChoiceThey discourage all criminal activity that encourages economic growth and development.They provide a creative environment that encourages economic growth and development.They prevent other countries from benefiting from trade, which helps our economic growth and development.They create incentives and stability for economic growth and development.

8.How do government policies impact the emergence of entrepreneurship in a country?  A. Providing incentives  B. Imposing strict regulations  C. Discouraging foreign investment  D. Limiting access to education

Which of the following will not lead to economic growth?Question 21Select one:a.increased immigrationb.restrictions on international tradec.introduction of faster computersd.opening all federal lands to mining

6. The reason protectionism remains strong in the United States is thatA) economists can produce any result they are hired to produce.B) economists cannot persuade the general public that free trade is beneficial.C) economists do not really understand how the real world works.D) the losses associated with protectionism are diffuse, making lobbying by the publicimpractical.E) economists cannot agree on trade policy recommendations.