The ________ claims that the way societies have organized themselves and shaped the incentives of individuals and businesses are at the root of the differences in prosperity across the world.
A) location hypothesis B) geography hypothesis
C) institutions hypothesis D) culture hypothesis
Question 2
As the result of a decrease in capital, the demand for labor would ________, the supply of labor would ________, and the real wage would ________.
A) decrease; decrease; decrease B) decrease; remain the same; increase
C) decrease; remain the same; decrease D) decrease; increase; remain the same
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