What Is the Effect of a Country Not Enforcing Property

question 41

Multiple Choice

What is the effect of a country not enforcing property rights?

• A)The market system will still work smoothly.
• B)That country will grow more rapidly because of the reduction of law suits.
• C)That country's growth rate will not be affected.
• D)Entrepreneurs are not likely to risk their own funds investing in such an economy.

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Definitions:

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A phenomenon in social psychology where a person who has conceded something to another is more likely to comply with a subsequent larger request.

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