Multiple Choice
Which of the following is a characteristic of an institution?
A) Institutions are determined by individual opinions without considering the government's preferences.
B) Institutions place constraints on the behavior of economic agents.
C) Institutions have very little influence on a nation's economic prosperity.
D) The institutions of a nation are permanent and cannot be changed over time.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: The cultural hypothesis of economic growth claims
Q16: Which of the following statements is true
Q17: Private property rights mean that _.<br>A) individuals
Q18: Which of the following statements is true?<br>A)
Q19: Comment on how extractive institutions affect<br>a)The return-to-entrepreneurship
Q21: Which of the following statements is true
Q22: Differences in the stock of physical capital
Q23: Which of the following statements is true
Q24: Those factors that lead to differences in
Q25: What will happen if the institutions in