When a Country Doesn't Enforce Property Rights, It Will

question 4

Multiple Choice

When a country doesn't enforce property rights, it will:

• A)cause the market system to work efficiently.
• B)not change the level of investment.
• C)raise the level of investment.
• D)lower the level of investment.

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Definitions:

Glass-Steagall Act

A U.S. law enacted in 1933, which separated commercial banking from investment banking, repealed in 1999.

1999 Repeal

Refers to the revocation of a law or act; often mentioned in economic contexts, such as the repeal of financial regulations or acts in 1999.

Financial Crisis

A situation where the value of financial institutions or assets drops rapidly, leading to a loss of wealth, reduced access to credit, and, in some cases, bank failures.

Central Banks

Institutions that manage the currency, money supply, and interest rates of a state or country.