Consider Two Countries: Country a and Country B

question 37

Multiple Choice

Consider two countries: Country A and Country B.Both countries are identical in all aspects except one.There are well-defined property rights in Country A,while there are no property rights in Country B.Given this information,which of the following statements is likely to be true?

• A) Country A is likely to grow faster than Country B.
• B) Country B is likely to grow faster than Country A.
• C) Both countries are likely to grow at the same rate.
• D) Neither of the countries is likely to experience any growth in GDP.

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Definitions:

Reactive

A mode of response or behavior characterized by actions taken in response to external events or situations rather than initiating change proactively.

Expectancy Theory

A motivational theory that suggests an individual's behavior is determined by their expected outcomes or rewards.

Desired Outcomes

The specific results or achievements that an individual or organization aims to attain through various actions or initiatives.

Performance-to-Outcome Expectancy

is an individual's belief that performing a specific behavior will lead to a particular outcome.