As a Country Develops More Efficient Institutions,what Happens to Its

question 6

Essay

As a country develops more efficient institutions,what happens to its production function? Explain.

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Definitions:

Habit Strength

The degree to which a behavior is repeated and the extent of its reinforcement history, affecting the likelihood of the behavior's occurrence.

Drive Reduction

Drive Reduction is a motivational concept where the goal of behavior is to reduce physiological needs and maintain homeostasis.

Restore Body Balance

The process of returning the body to its state of equilibrium, particularly after disturbance in its physical or physiological balance.

Drive

An internal motivational state created by physiological or psychological needs that drive an individual's behavior towards goals or specific outcomes.