According to Hernando De Soto, a Peruvian economist, it takes 168 steps in order to have a house registered in the Philippines. In Haiti, it takes 111 visits to officials to formalize a business. However, "if you make the right payments, this tedious process may disappear." The textbook calls this situation an example of:
A)corruption.
B)inappropriate education.
C)political instability.
D)overpopulation.

Question

Quizplus · Accepted Answer

The situation described involves making unofficial payments to bypass lengthy and complicated legal processes, which is a clear example of corruption.

According to Hernando De Soto, a Peruvian Economist, It Takes