Question

When considering the economic prospects of a country, it can be said that Group of answer choices the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover. countries which do not have property rights protection tend to achieve greater economic growth rates. the economic system and property rights regime are reasonably good predictors of economic prospects of a country. countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth. countries with command economies tend to achieve greater economic growth rates than free market economies.

Answer 1

Answer:

Options 1 - 4 are True but 5 is FALSE

Explanation:

All options given are indicators of economic growth and strong economic performance

When considering the economic prospects of a country, it can be said that: 1. the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover because the last-mover has the chance to learn from the mistakes of the first-mover and perfect on them

2. countries which do not have property rights protection tend to achieve greater economic growth rates because prosperity and property rights are inextricably linked. The importance of having well-defined and strongly protected property rights is now widely recognized among economists and policymakers

3. the economic system and property rights regime are reasonably good predictors of economic prospects of a country because widely accepted explanation is that well-enforced property rights provide incentives for individuals to participate in economic activities, such as investment, innovation and trade, which lead to a more efficient market.

4. countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth because as stated in 3 above ill-enforced property rights does not provide incentives for individuals to participate in economic activities, such as investment, innovation and trade, which lead to a more efficient market.

5.countries with command economies tend to achieve greater economic growth rates than free market economies.

This is FALSE because one of the Command economy disadvantages include lack of competition and lack of efficiency.

Answer 2

Answer:

The two following statements are true:

• the economic system and property rights regime are reasonably good predictors of economic prospects of a country.
• countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth.

Explanation:

the other three are false:

• the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover. FALSE, FIRST MOVERS ALWAYS HAVE AN ADVANTAGE OVER LAST MOVERS
• countries which do not have property rights protection tend to achieve greater economic growth rates. FALSE, LACK OF PROPERTY RIGHTS LOWER RESEARCH AND DEVELOPMENT INVESTMENTS AND ENTREPRENEURIAL ACTIVITIES
• countries with command economies tend to achieve greater economic growth rates than free market economies. FALSE, CAPITALISTIC COUNTRIES ACHIEVE HIGHER ECONOMIC GROWTH RATES