To measure contract enforcement proficiency in different countries, the World Bank and Yale studied the time it took to collect on a bounced check. The longer it took to collect on a bounced check, the more proficient the country in enforcing their regulations.

Question

Quizplus · Accepted Answer

The longer it takes to collect on a bounced check, the less proficient a country is in enforcing contract regulations, as it indicates inefficiency in the legal and regulatory processes.

To Measure Contract Enforcement Proficiency in Different Countries, the World