25300918
Beschreibung
Karteikarten von Sophia Lynch, aktualisiert more than 1 year ago
|
Erstellt von Sophia Lynch
vor etwa 6 Jahre
|
|
| Frage | Antworten |
| What is the relationship between Institutions and Enforcement Mechanisms? | |
| What purpose do contracts serve? | 1. Allows trade and specialisation 2. Minimises transaction costs associated with negotiation, measurement, incomplete contracts and enforcement 3. legal code vital 4. enforcement vital |
| What purpose do property rights serve? (3) | 1. Allows people to keep what they have produced/traded 2. Provides incentives to invest in capital, education, technology, without fear that effort will be stolen 3. Enforcement vital |
| What are the costs of economic growth? (3) | 1. Pollution 2. Lifestyle changes 3. Income inequality |
| What is the relationship between air pollution and GDP per capita? | Real GDP per person increases -> Pollution increases -> Real GDP continues to increase -> the environmental quality improves |
Möchten Sie mit GoConqr kostenlos Ihre eigenen Karteikarten erstellen? Mehr erfahren.