In Some Countries It Is Time Consuming and Costly to Establish

question 157

Multiple Choice

In some countries it is time consuming and costly to establish ownership of property.Reforms to reduce these costs would likely

• A)have no affect on either real GDP nor productivity
• B)raise real GDP and productivity.
• C)raise real GDP but not productivity.
• D)raise productivity but not real GDP.

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Definitions:

External Locus

A belief that outcomes of events are determined by external forces or fate, rather than one's own actions.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

School Achievement

The measure of academic performance and the attainment of educational objectives set by educational institutions for students.

Belief Preservation

The tendency for people to hold onto their beliefs even when faced with contrary evidence, also known as belief perseverance.