According to the Institution-Based View

question 35

Multiple Choice

According to the institution-based view

• A)​It is relatively easy to establish a start-up in any country.
• B)​Both formal and informal institutional constraints affect entrepreneurship.
• C) ​Governments in less developed countries tend to impose fewer procedures, resulting in lower total cost.
• D) ​Flourishing entrepreneurship is unrelated to the level of development in a country.

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Definitions:

Appreciate the Euro

An increase in the value of the Euro relative to other currencies.

Depreciates

The loss of value of an asset over time due to factors such as wear and tear, age, or technological advancements.

Russian Ruble

The national currency of Russia, utilized as the medium of exchange within the country.

Appreciate

To increase in value or price over a period of time.