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Which of the following is an example of an institution that promotes economic growth?

  • high barriers to international trade
  • bartering as a means of trade
  • private property rights
  • constant war and conflict
  • collective property ownership

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Margaux Elysse C. Siason
Margaux Elysse C. SiasonLv6
16 Sep 2020
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Related questions

Countries that enjoy economic growth:

a. place high taxes on saving and investment.

b. have property rights and markets which provide incentives for discovering new technologies.

c. have economies that allow the government to make decisions in everyone's best interests.

d. place controls on property rights so that firms are protected from competition.

e. restrict international trade so that domestic industries can grow.

Ā 

Institutions and growth. Write a brief essay (half page) about the role institutions for economic growth. Give a couple of examples of institutions, which tend to reduce growth. Give an example of an institution, which promotes growth.

2. How would an increase in capital goods, holding the size of the labor force constant, help to make workers more productive and increase economic growth?

3. Explain how a technological advance can contribute to economic growth.

4. Why do institutions such as private property rights promote economic growth?

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