In Some Countries It Is Time Consuming and Costly to Establish

question 157

Multiple Choice

In some countries it is time consuming and costly to establish ownership of property.Reforms to reduce these costs would likely

• A)have no affect on either real GDP nor productivity
• B)raise real GDP and productivity.
• C)raise real GDP but not productivity.
• D)raise productivity but not real GDP.

---

Definitions:

Social Norms

Unwritten rules or expectations for behavior in a given group or society, guiding actions and responses without the need for formal laws.

Renaissance

a period of cultural, artistic, political, and economic "rebirth" following the Middle Ages, characterized by an emphasis on classical learning and values.

Mentally Ill

Referring to individuals suffering from mental disorders that affect their mood, thinking, and behavior.

Social Norm Deviance

Behavior that violates societal norms or expectations, which can lead to social sanctions or increased attention from others.