Corruption generally has a deeper and more negative effect in poor countries than in rich countries.
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This is statement is true. Most of the people in rich countries do not feel affected by corruption because they have enough money to pass on the effect of corruption on the others. In poor countries population is generally higher and corruption erodes the economic growth.
Corruption generally has a deeper and more negative effect in poor countries than in rich countries....
Do you think rich countries should take more responsibility than poor countries and provide technologies and funds to help them improve basic living standard by increasing their productivity efficiently so that they would reduce destruction of the rainforests and pollution emission?
The idea that countries poor in capital may grow faster than countries rich in capital and eventually reach similar levels of GDP per capita is? convergence hypothesis uniform standard of living hypothesis steady-state equilbrium economic development
The average income in a rich country a. is about 5 times that in a poor country. Further, people in rich countries have longer life expectancy. b. is about 5 times that in a poor country. However, people in rich countries have about the same life expectancy as those in poor countries. c. is more than ten times that in a poor country. Further, people in rich countries have longer life expectancy. d. is more than ten times that in poor country. However, people...
Question text If the rich pay more in taxes than the poor, the tax system could not be regressive. Select one: True False Question text If revenue from a cigarette tax is used to provide medical care to individuals that develop health problems due to smoking, the cigarette tax may be justified on the basis of the benefits principle of taxation. Select one: True False Question text Benjamin earned more than $50,000 and Franklin earned less than $40,000. If the...
Describe 1. Should poor countries grow faster than rich in a Solow model? Explain 2. Explain how changes in i. population growth rate, ii. saving rate, iii. technology growth rate change the stationary state in a Solow growth model.
10) Sassen argues that foreign investments create jobs in poor countries and thus reduce people's incentive to migrate to rich countries. True or False
33. The "Catch-Up effect" refers to: a. a situation where poor countries will never grow faster than rich countries because they can never "catch up" in terms of economic production. b. when an economy is sitting in a trough, economic activity will eventually increase and an increase in productivity will result. c. the difference between real GDP and nominal GDP. d. a situation where poor countries tend to grow more rapidly than rich countries. e. when an economy just starts...
Why do people in some countries become rich while citizens in others remain poor? You might think the reasons for such a contrast is that some countries are well endowed with natural resources, such as, timber, energy, and fertile land, etc. Natural resources will answer only part of the answer. Take for example countries like Switzerland and Luxembourg, these countries have very little natural resources but decade after decade their citizens real income increase at a rapid pace. Another example,...
a. Some countries today are much poorer than other countries because O some countries have more resources than others. O some countries have lower tax levels than others. O some countries began the modern economic growth process sooner. O some countries are located in more temperate climates. b. Today's poor countries are O destined to always be poor, because they started the economic growth process too late. O not always destined to be poor, as they can develop the appropriate...
equilibrant has the same effect on a body than two or more forces True or false