Which of the following statements is true?
A) Developing countries tend to present a context characterized by acute poverty where formal institutions are strong governance mechanisms.
B) Developing countries tend to present a context characterized by acute poverty where informal institutions are weak governance mechanisms.
C) Developing countries tend to present a context characterized by acute poverty where formal institutions are weak governance mechanisms.
D) Developing countries tend to present a context characterized by acute poverty where informal institutions are strong governance mechanisms.
Correct Answer:
Verified
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