Good institutions:
A) reward those who create value and increase efficiency with higher profits.
B) distribute wealth evenly across the economy.
C) result in growth rates approximately equal to those in countries with poor institutions.
D) matter only if the country has a large amount of both physical and human capital.
Correct Answer:
Verified
Q122: The difference between per capita GDP in
Q123: Corruption is like a "tax" on firms
Q124: Agricultural productivity in China sharply declined during
Q125: What is a result of a high
Q126: Why did so many Chinese farmers and
Q128: Decreases in the level of political stability
Q129: Due to economies of scale,average costs decline
Q130: The least corrupt countries tend to be
Q131: Someone who consumes a resource without working
Q132: Between 1978 and 1983,food production in China
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents