Countries with Good Institutions Have

question 95

Multiple Choice

Countries with good institutions have:

• A) higher per capita income.
• B) greater income volatility.
• C) higher per capita income and greater income volatility.
• D) lower per capita income.

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Definitions:

Identity Shifts

Changes in an individual's self-concept that occur in order to conform to the norms and expectations of a group, often after experiencing social rejection or disapproval.

Big Five Personality Traits

A framework that defines human personality by five major traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Long-term Memory

The aspect of memory responsible for storing information over extended periods, from days to decades, allowing recall of experiences, knowledge, and skills.

Processing of Information

The operations and activities involved in the perception, manipulation, and storage of information by the human brain or computer systems.