Political Institutions Are More Likely to Allow and Encourage the Emergence

question 81

Multiple Choice

Political institutions are more likely to allow and encourage the emergence of good economic institutions and policies when

• A) the top government executives have enough power to impose good economic arrangements on the nation.
• B) constitutional constraints prevent laws and regulations that weaken the rights of property owners, curtail voluntary exchange, and provide for decentralization of government.
• C) the elected executive and legislative branches have fewer constraints on what they can do, leaving them free to innovate and improve economic institutions.
• D) well organized interest groups exert a powerful influence on the political process.

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Definitions:

1967

A year marked by significant global events, including the Six-Day War and the continued Vietnam War.

Gender-Job Paradox

The phenomenon where women and men are distributed unevenly across different occupations and sectors, often affecting gender wage gaps and career advancement opportunities.

Intrinsic Rewards

Satisfaction derived from the activity itself rather than from any external rewards, such as enjoyment and fulfillment from performing a task.

Extrinsic Rewards

Benefits provided by an external source as motivation for performing a specific task, such as money, praise, or awards.