Which of the following statements about institutions is incorrect? O a. The implied covenant of good faith and fair dealing in contract law is part of an institution. O D. The authority on family issues that a society confers to the elders is not considered part of the society's institutions. O C. Institutions are the humanly devised constraints that shape economic, political, and social interaction. O d. Laws and regulations that specify what constitutes market manipulation in the financial market are part of a country's economic institutions. O e. The extent to which people in a society are willing to entertain ideas and debates that contradict their own existing beliefs is considered social norms and informal institutions.
Which of the following statements about institutions is incorrect? O a. The implied covenant of good faith and fair dealing in contract law is part of an institution. O D. The authority on family issues that a society confers to the elders is not considered part of the society's institutions. O C. Institutions are the humanly devised constraints that shape economic, political, and social interaction. O d. Laws and regulations that specify what constitutes market manipulation in the financial market are part of a country's economic institutions. O e. The extent to which people in a society are willing to entertain ideas and debates that contradict their own existing beliefs is considered social norms and informal institutions.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 8PA
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