Which of the Following Contributes to an Institutional Structure That

question 62

Multiple Choice

Which of the following contributes to an institutional structure that promotes economic growth?

• A)Comparative advantage.
• B)The inequality trap.
• C)Technology.
• D)Property rights.

---

Definitions:

Assumes the Mortgage

The process by which a buyer takes over the seller's mortgage as part of the terms of purchasing a home.

Personally Liable

Refers to the direct responsibility an individual has to fulfill an obligation or debt, making their personal assets vulnerable to being claimed in the event of non-fulfillment.

Enabling Statute

Legislation that creates new powers or authorities for government agencies or officials to implement and enforce laws.

Open Spaces

Areas of land that are not developed, reserved for public use or enjoyment, often to preserve natural or cultural resources.