The type of legal system and the level of corruption in a country have been found to be:
A)unrelated to the rate of economic growth in a country.
B)significant determinants of the rate of economic growth in a country.
C)important topics for political discussion, but not economic explanations of
D)growth. important variables explaining the Golden Rule level of capital.

Question

Quizplus · Accepted Answer

Studies have shown that a strong legal system and low corruption are significant determinants of a country's economic growth. Countries with weak legal systems and high levels of corruption often struggle with attracting foreign investment and maintaining a stable business environment, which can hinder economic growth.

The Type of Legal System and the Level of Corruption