Top Posters
Since Sunday
28
s
6
t
6
C
5
J
5
j
5
s
5
a
5
p
5
f
5
s
5
d
5
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
drdoombot drdoombot
wrote...
Go to Answer
Posts: 81
Rep: 0 0
3 months ago
Scenario: Two neighboring countries, Sweetland and Sourland, are identical in terms of size, population (800,000), education of workforce, and value of natural resources owned.


Refer to the scenario above. Some people in Sourland have been pushing for better protection of property rights. Critics have pointed out that companies would likely have to incur high costs to meet new standards. Such a reform could ________.

▸ give companies greater incentive to develop new technology, leading to higher output in the long run

▸ increase competition, leading to reduced output in the long run

▸ reduce competition, leading to higher output in the long run

▸ decrease companies' desire to spend on research and development, leading to higher output in the long run
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 2 times
1 Reply
Replies
Answer verified by a subject expert
okaymanokayman
wrote...
#1
Posts: 53
Rep: 0 0
3 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
give companies greater incentive to develop new technology, leading to higher output in the long run
1

Related Topics

drdoombot Author
wrote...

3 months ago
Thanks
jbag1237
wrote...

Yesterday
Correct Slight Smile TY
carston
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  132 People Browsing
 172 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 198
  
 150
  
 2
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 6
Previous poll results: Do you believe in global warming?