Consider two countries: Country A and Country B.In Country A,there are well-defined private property rights,and in Country B,there are no private property rights.
a)If the institutions hypothesis holds,which of the two countries is likely to grow faster?
b)Is the slower growing economy permanently disadvantaged?

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The Answer of Consider two countries: Country A and Country B.In Country A,there are well-defined private property rights,and in Country B,there are no private property rights.
a)If the institutions hypothesis holds,which of the two countries is likely to grow faster?
b)Is the slower growing economy permanently disadvantaged?

Consider Two Countries: Country a and Country B