According to Douglas North the most fundamental institution necessary for economic growth is:
a. property rights to create a strong property market
b. reliable and trustworthy financial institutions
c. strong consumer sector with disposable incomes
d. a labor market constantly near full employment
a. property rights to create a strong property market
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Which of the following statements is accurate?
A) Scientific thinking represents an integration of rationalism and direct empirical observation. B) Scientific endeavors are completely separate from social parameters. C) Scientific thinking is primarily based on intuition. D) There was no science before Copernicus, Galileo, or Newton.
Legislative gridlock often occurs in states with divided government when the proposed legislation is ________
A.popular with the public B.popular with both the legislative and executive branches C.fairly noncontroversial D.highly controversial