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Questions and Answers
What is the main focus of political institutions?
What is the main focus of political institutions?
- Providing aid during natural disasters
- Influencing economic behaviors through shared practices and social norms
- Creating a predictable and fair environment for business and trade
- Establishing rules and policies driving economic growth and development (correct)
What do legal institutions refer to?
What do legal institutions refer to?
- Systems of laws and regulations that create a predictable and fair environment for business and trade (correct)
- Shared practices, values, and social norms that influence economic behaviors
- Governing bodies and frameworks driving economic growth and development
- Providing aid during natural disasters
What is the significance of legal institutions in fostering economic progress?
What is the significance of legal institutions in fostering economic progress?
- Providing aid during natural disasters
- Creating a predictable and fair environment for business and trade (correct)
- Establishing rules and policies driving economic growth and development
- Influencing economic behaviors through shared practices and social norms
