The influences of institutions on economic performance can be easily contrasted using:
A) North and South Korea
B) France and Germany
C) Iowa and Illinois
D) Uzbekistan and the U.K.
E) Earth and Mars

Question

Quizplus · Accepted Answer

North and South Korea are perfect examples of how different institutions can lead to vastly different economic performances. North Korea's communist regime has stifled economic growth and left its citizens impoverished, while South Korea's capitalist democracy has resulted in robust economic growth and improved living standards.

The Influences of Institutions on Economic Performance Can Be Easily