The cognitive pillar that supports informal institutions does so through:
a. the way in whic...
Social Studies, 08.10.2019 02:30 cyaransteenberg
The cognitive pillar that supports informal institutions does so through:
a. the way in which values and norms of the relevant players influence firm behavior.
b. the taken-for-granted values and beliefs that guide individual and firm behavior.
c. the way in which laws and regulations influence firm behavior.
d. formal institutions.
Answers: 2
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Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.
Answers: 1
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