There Are Several Institutional Structures That Promote and Sustain Economic

question 38

Multiple Choice

There are several institutional structures that promote and sustain economic growth.These factors include:

• A)efficient financial institutions, education, free trade, patent and copyrights, property rights and competitive market system.
• B)restricted trade, property rights and, monopoly power.
• C)monopoly power, education and strong market incentives.
• D)both efficient financial institutions, education, free trade, patent and copyrights, property rights and competitive market system and restricted trade, property rights and, monopoly power.

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Definitions:

Lurking Variables

Unobserved variables that can influence the observed relationship between other variables of interest.

Placebo

A harmless pill, medicine, or procedure prescribed more for the psychological benefit to the patient than for any physiological effect.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility.

Sunlight

Electromagnetic radiation emitted by the Sun, essential for life on Earth, influencing climate and weather patterns and providing energy for photosynthesis in plants.