Economists Say That the Relationship Between Good Institutions and Good

question 39

Multiple Choice

Economists say that the relationship between good institutions and good economic results is that:

• A) good institutions are essential to good economic outcomes.
• B) good economic outcomes enable a society to build good institutions.
• C) good institutions are not necessary for good government and good economic outcomes.
• D) good economic results are usually based on access to essential natural resources and a competent labor force-not on access to societal institutions.

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Definitions:

Obtaining Consent

The process of getting permission from an individual before conducting any action or intervention, ensuring they are informed and agree voluntarily.

Collaborative Effort

Refers to the act of working together with one or more parties to accomplish a task or achieve an objective.

Interaction

The process by which individuals communicate and influence each other's behaviors and thoughts, often central to therapeutic settings.

Fostering Dependency

The act of encouraging someone to remain dependent on another for emotional support, care, or sustenance.