A Country That Has Enforceable Property Rights,a Noncorrupt Political System,abundant

question 60

Multiple Choice

A country that has enforceable property rights,a noncorrupt political system,abundant factors of production,and a change in leadership and form of government every few years should suspect that economic growth will be _____ because _____.

• A) slow;of a lack of a dependable legal system
• B) slow;of uncertainty due to an unstable political system
• C) high;most of the institutions needed for growth are in place
• D) high;once a group comes to power all the institutions needed for growth exist

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Definitions:

Prepaid Rent Payment

An advance payment of rent that is made before it is due, typically recorded as an asset on a balance sheet until utilized.

Balance Sheet

A summary report of a business's assets, debts, and equity held by shareholders, captured at a certain date to represent the organization's fiscal status.

Monthly Rent

The regular payment made to a landlord or property owner for the use of premises or equipment for a month.

Office Supplies

Items used in an office for daily operations, such as paper, pens, and staplers, typically classified as short-term assets.