According to Samuel Huntington,South Korea's economy experienced rapid economic growth because South Koreans valued thrift,investment,education,and discipline.In contrast,Ghana's economy did not grow as fast because the country had different social values.This argument claims that ________.
A) culture is a fundamental cause of prosperity
B) institutions are a fundamental cause of prosperity
C) institutions are a proximate cause of prosperity
D) geographical location is a fundamental cause of prosperity
Correct Answer:
Verified
Q30: What is the main reason for the
Q31: The cultural hypothesis of economic growth claims
Q32: The formal and informal rules governing the
Q33: The reason differences in the growth stories
Q34: Which of the following is not true
Q36: Consider two economies: Economy A and Economy
Q37: Adam Smith supported the view that the
Q38: Institutions _.
A) are mostly beyond human control
B)
Q39: According to Max Weber,the Protestant world view
Q40: What are institutions? What is the institutions
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