Question

159) Consider two economies: A and B. In economy A, the work culture is such that people do not mind working for 12 hours a day. On the contrary, in economy B, people work for a maximum of 6 hours in a day. If the culture hypothesis holds, then:

159) A) both economies are likely to grow at the same rate. B) the growth rate in both economies are likely to fluctuate randomly. C) economy A is likely to grow faster than economy B. D) economy B is likely to grow faster than economy A.

160) The formal and informal rules governing the organization of a society on the whole, including its laws and regulations, are referred to as:

160) A) religious norms. B) cultural scenario. C) institutions. D) organizational structure.

161) Which of the following statements is true?

161) A) Most of the geography of a nation can be changed over time. B) Geography refers to man-made factors, and in particular to the organization of society determined by the members of that society. C) Geography of a nation is not always under human control, while institutions of a nation are man-made. D) Geography and culture of a nation are under human control, while institutions of a nation are outside of human control.

162) A researcher claims that the standards of law and order are the basis of the economic prosperity of a certain country. This argument is based on the:

162) A) geography hypothesis. B) location hypothesis. C) institutions hypothesis. D) culture hypothesis.

163) Adam Smith supported the view that ________ greatly influenced its economic growth.

163) A) the geography of a nation B) the institutions in a nation C) the culture in a nation D) the location of a nation

164) The reason why the differences in the growth stories of North Korea and South Korea can be viewed approximately as a natural experiment or an experiment of history is that:

164) A) geography in both countries was changing radically, while culture and institutions remained largely unchanged. B) culture in both countries was changing radically, while geography and institutions remained largely unchanged. C) institutions in both countries was changing radically, while geography and culture remained largely unchanged. D) institutions, geography, and culture in both countries were changing radically

Answer 1

Answer 159

C) economy A is likely to grow faster than economy B.

Other options mentioned are not exactly correct to the question asked

Answer 160

C) institutions.

Its a definition of institution therefore other options are wrong as mentioned in the question

Answer 162

C) institutions hypothesis.

Its a definition of institution hypothesis therefore other options are wrong as mentioned in the question

Answer 164

C) institutions in both countries was changing radically, while geography and culture remained largely unchanged.

Other options mentioned are not exactly correct to the question asked