In many countries, the system of titling is:
A. weak, allowing more and faster investment.
B. weak, slowing economic development.
C. strong, slowing the amount of property transfer.
D. strong, slowing economic growth.
B. weak, slowing economic development.
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Which of the following groups would not tend to lose from unexpected inflation? a. Retirees on fixed pensions
b. Creditors. c. Those whose incomes are tied to long-term contracts. d. Those whose wages have cost of living adjustment clauses in their contracts.
If Noah thinks the last dollar spent on belts yields more satisfaction than the last dollar spent on socks, and Smith is a utility-maximizing consumer, he should
a. decrease his spending on socks. b. decrease his spending on socks and increase his spending on belts. c. increase his spending on belts. d. increase his spending on socks and decrease his spending on belts.