Multiple Choice
Which of the following statements is true?
A) The institutions governing a nation are considered proximate causes of prosperity.
B) Societal religious beliefs and existing social norms are key proximate causes of economic prosperity.
C) Cultural and geographical factors that affect economic prosperity can be changed faster than the institutional factors that affect it.
D) Institutions determine the degree to which society accumulates factors of production and adopts new technology.
Correct Answer:

Verified
Correct Answer:
Verified
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