9.In Nunn and Wantchekon (2011) the authors find that trust is a key mechanism through which the slave trade affects growth a. The mechanisms operate only true the effect it has on local institutions b. This is because trust in others and institutions create an environment more conducive to investments c. The mechanisms operate only true the effect it has individuals who then transmit it through the family d. This is because trust in yourself affects investment decision increasing growth

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
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Problem 4SCQ: Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the...
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9.In Nunn and Wantchekon (2011) the authors find that trust is a key mechanism through which the slave trade affects growth

a.
The mechanisms operate only true the effect it has on local institutions

b.
This is because trust in others and institutions create an environment more conducive to investments

c.
The mechanisms operate only true the effect it has individuals who then transmit it through the family

d.
This is because trust in yourself affects investment decision increasing growth

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