Question

Determine whether the following policies and programs support a political environment that promotes economic growth and development in less- developed countries (LDCs). For those that help promote economic growth and development in LDCs, classify each policy or program into one of the following categories: law and order, infrastructure, or international trade Support economic growth Law and Order Infrastructure International Trade Inhibit economic growth Policies and Programs Competitive markets A market-determined exchange rate Artificially high exchange rates Efficient transportation systems

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The required categorization is below:

Competitive markets - support economic growth (law and order)

Reason: As a rule is followed as to how firms in the market would operate, leading to economic growth

A market determined exchange rate - support economic growth (international trade)

Reason: Supports economic growth by promoting international trade based on market determined exchange rate

Artificially high exchange rate - inhibit economic growth (costlier imports)

Reason: Inhibits economic growth, as artificially high exchange rates lead to costlier imports, thereby disrupting benefits from international trade

Efficient transportation systems - support economic growth (infrastructure)

Reason: Supports economic growth by developing a strong infrastructure in the economy

Add a comment
Know the answer?
Add Answer to:
Determine whether the following policies and programs support a political environment that promotes economic growth and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Please classify each policy according to whether it tends to foster or inhibit economic growth Policies...

    Please classify each policy according to whether it tends to foster or inhibit economic growth Policies that tend to foster economic growth Policies that tend to inhibit economic growth Answer Bank establishing a stable national government that promotes the rule of law and sets clear expectations for business behavior clearly defining and enforcing property rights that extend to all members of society creating a public infrastructure, including communication, education, medical services, sanitation, and transportation facilities establishing trade barriers to protect...

  • Sustained economic growth can be achieved with growth rate over 8% to rapidly boost an economy....

    Sustained economic growth can be achieved with growth rate over 8% to rapidly boost an economy. has not been achieved by most countries in the 20th century. is key because over a long period of time small yearly growth rate compound China had special economic zones originally in places such as Hong Kong and Shenzhen set up back in the 1980s. Why would the Chinese government support these areas with different rules like no tax on trade or different economic...

  • In order for there to be an accurate reflection of the aggregate economic indicators in a...

    In order for there to be an accurate reflection of the aggregate economic indicators in a model the equilibrium aggregate real GDP and the equilibrium aggregate price level needs to be considered in individual markets. only use long run curves. intersect. What is the one of the reasons low inflation may actually assist labor markets adjust towards equilibrium? Low inflation increases the living standard of workers by diminishing their fixed debt. Low inflation forces more frequent renegotiation of labor contracts....

  • Multinational managers often represent their companies/countries in international business forums and present concise economic profiles of...

    Multinational managers often represent their companies/countries in international business forums and present concise economic profiles of their countries in order to attract international attention to their respective countries/companies with a view to strengthen the country’s position for foreign investment. There is no standard format in preparing such country profiles but they generally tend to adopt SWOT (Strengths, weaknesses, Opportunities, and Threats) framework as they often do for company analysis. Some country profiles also engage in PEST (political, economic, sociocultural, and...

  • China had special economic zones originally in places such as Hong Kong and Shenzhen set up...

    China had special economic zones originally in places such as Hong Kong and Shenzhen set up back in the 1980s. Why would the Chinese government support these areas with different rules like no tax on trade or different economic laws? To increase the number of programs where national taxes can be excised. To contribute to economic health and growth by keeping more money in government. To facilitate a healthy economic environment and grow international trade. In order for there to...

  • O Questi Questi ts Questi 1.67 pts Question 31 Questi Time Running: Estimates of U.S. job...

    O Questi Questi ts Questi 1.67 pts Question 31 Questi Time Running: Estimates of U.S. job gains and losses due to free trade agreements Attempt due: Dec 2 Hours, 6 Minu show no change in jobs. ons show clear gains in the number of jobs. O show clear losses in the number of jobs. show mixed results, leading to no clear conclusion. Next • Previous The original European Economic Community was a free trade area, O had a common language....

  • Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but dis...

    Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but discriminate against non-member countries O PTA promotes regionalism and is as such against the idea of multilateralism in trade O Some people view that the formation of regional trade agreements (RTAs) undermine the WTO O PTA encourages regionalism and it is harmful since it leads to trade diversion O All...

  • Please solve the final answer for all following 10 multiple choice questions A form of PTA...

    Please solve the final answer for all following 10 multiple choice questions A form of PTA (Preferential Trade agreement) where member countries remove trade barriers among themselves, and form common barriers among non-members: O Free Trade Area (FTA) O Customs Union (CU) O Common Market (XM) O Economic Union (EU) O All of the above The exchange rate of Euro to US dollar (/$) yesterday was 1/$1.13728. Last week the rate was 1/ $1.37258. Which one is true comparing this...

  • The Economist article “Indonesias economic growth is being held back by populism,” (see below) highlights a...

    The Economist article “Indonesias economic growth is being held back by populism,” (see below) highlights a number of features of Indonesias economic growth potential (as of January, 2019). After reading the article, evaluate the quality of Indonesia’s policy environment. Specifically, consider which aspects of Indonesia’s policy and demographic setting are conducive to economic growth and which are inhibiting economic growth? Begin with a brief summary of the requirements for economic growth that are explained in Modules 20 and 22. When...

  • Question 1 Which of these is NOT a reason that public corruption is detrimental to a...

    Question 1 Which of these is NOT a reason that public corruption is detrimental to a nation's economy? Corrupt public officials misallocate scarce public resources Corruption hinders the development of fair markets Corruption undermines institutional trust Corruption may allow economic actors to bypass the impediments of poor-functioning institutions estion 2 The major flaw of mercantilism is that mercantilists view trade as _________________. a positive-sum game in which trade benefits both importers and exporters a zero-sum game in which trade benefits...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT