Which of the Following Is a Characteristic of an Institution

question 20

Multiple Choice

Which of the following is a characteristic of an institution?

• A) Institutions are determined by individual opinions without considering the government's preferences.
• B) Institutions place constraints on the behavior of economic agents.
• C) Institutions have very little influence on a nation's economic prosperity.
• D) The institutions of a nation are permanent and cannot be changed over time.

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Definitions:

Page Numbers

Numerical markers included in a document to order the pages sequentially, usually found at the top or bottom of a page.

"Page 1 Of 2" Format

A pagination format that indicates the current page being viewed out of the total number of pages.

Currency Format

A way of displaying numbers to represent monetary values, including symbols and decimal places relevant to a specific currency.

Currency Symbol

A graphic symbol used as a shorthand for a currency's name, particularly in relation to other currencies, such as the dollar sign ($), euro symbol (€), or yen symbol (¥).