Which of the Following Is Not a Measure of Institutional

question 28

Multiple Choice

Which of the following is not a measure of institutional quality?

• A) competitiveness
• B) ease of doing business
• C) government effectiveness
• D) degree of corruption
• E) the existence of unions

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Definitions:

Business Venture

A new enterprise entered into for profit, often characterized by innovation, risk, and a new market or product.

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.

EAR

Effective Annual Rate is the actual return on an investment or the actual interest rate of a loan, taking into account the effect of compounding interest over the period.

Calculate

To calculate means to determine the amount or number of something by using mathematical processes.