When Markets Work Smoothly in Developed Countries,_____

question 17

Multiple Choice

When markets work smoothly in developed countries,_____.

• A) formal institutions are taken for granted
• B) informal institutions have a very limited role in economic development
• C) relationship norms play a larger role in reducing uncertainty since formal constraints are unclear
• D) formal institutions tend to be weak and ineffective

---

Definitions:

Role Overload

A situation where an individual is expected to fulfill too many roles or tasks within a limited time frame, often leading to stress and reduced performance.

Job Insecurity

The fear or concern of losing one's job or facing a significant downgrade in job conditions, often reflecting broader economic conditions.

Distressed Clients

Customers or clients who are experiencing dissatisfaction, frustration, or difficulty with a product, service, or situation.

Sabotaging

Deliberately causing harm or obstruction to the operations or success of a project, work environment, or personal endeavor.