If Property Rights Are Not Enforced in a Country

question 80

Multiple Choice

If property rights are not enforced in a country

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

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Definitions:

Additional Research

The process of seeking out more information or evidence beyond what is initially available to deepen understanding or resolve uncertainties.

Cognitive Heuristics

Human decision-making shortcuts people rely on to expedite their judgments about what to believe or what to do.

Self-Regulation

A process in which one monitors one's cognitive activities, the elements used in those activities, and the results educed, particularly by applying skills in analysis, and evaluation to one's own inferential judgments with a view toward questioning, confirming, validating, or correcting either one's reasoning or one's results.

False Positives

Instances in which a test incorrectly indicates the presence of a condition or attribute.