Chapter 11 L

Question 0

What did the government of the richer countries do differently than the poorer ones?

Answer 0

they protected freedoms like: personal choice, voluntary exchange, freedom to compete, protection of personal property.
The govs had a min state of interference

Question 1

Are rich countries getting richer while poor countries are getting poorer?

Answer 1

No,

Question 2

Is globalization the problem?

Answer 2

… found no evidence that linked globalization as the cause of income disparities between rich and poor nations.

Question 3

What causes poorer countries to be poorer?

Answer 3

Lack of technological progress.

another cause is insufficient globalization.

Question 4

Two ways to help the poor?

Answer 4

Redistribute income and by creating economic growth.