Often an economy does not adopt better institutions because a) the better institutions may be blocked by international organizations b) it is difficult to know which institutions generate good economic performance c) the better institutions may require lower taxes d) the people in power would not benefit from better institutions even though the economy would improve substiantially

Often an economy does not adopt better institutions because a) the better institutions may be blocked by international organizations b) it is difficult to know which institutions generate good economic performance c) the better institutions may require lower taxes d) the people in power would not benefit from better institutions even though the economy would improve substiantially

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 20SQ

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