1. Clear property rights reduce growth in an economy because producers are not able to freely use innovations. ____________ (True/False) 2. Which of the following events hinder economic growth? a....

1. Clear property rights reduce growth in an economy because producers are not able to freely use innovations. ____________ (True/False)

2. Which of the following events hinder economic growth?

a. Uncertain financial environment

b. Reduced savings and investment

c. Decreased exports

d. All of the above

3. Economist William Easterly is a strong proponent of foreign aid. ____________ (True/False)

4. Old growth theory suggests that consumption spending will lead to permanent increases in the rate of technological progress. ____________ (True/False)