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Which of economists considered the founder of traditional institutionalism? Ronald Coase; 2. Does the definition of the subject choice answers Institutional Economics? The objective of the system of economic relations between classes of people that are emerging in the process of production, distribution, exchange and consumption of goods; 2. The search for effective forms of organization of social economy, the science of wealth; 3. Examine the economic behavior through the prism of stereotypes of social agents; 4. The rational behavior of economic agents in the process of production, distribution and consumption of wealth in a world of limited resources; 5.
Definitely not. What is the main reason for the evolution of social institutions?
The development of production; 2. Social progress; 3. Evolution of democracy; 4. Positive transaction costs; 5.
The negative transaction costs. Question 4: What are the main categories of the 'old' institutionalism?
Institutions; 2. The transaction costs; 3. The marginal utility; 4. The production factors; 5. Marginal productivity. What are the main differences between modern 'old' and 'new' institutionalism? The use of the category of 'transaction costs' on a par with the category of 'institution' for economic analysis; 2.
Consideration of the society as a whole; 3. Defining the role of institutions and their impact on society; 4. The main provisions formed in the works of American institutionalists; 5. The primary role of financial capital in the economic progress. What are some causes of the institutions? Low transaction costs; 2.
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The high transaction costs; 3. The low production costs; 4. High transformation costs; 5. The marginal cost. Question 7: What is not part of the institution?
The formal rules; 2. Informal norms; 3.
Organization; 4. The system of punishment; 5.
The formal rules. What determines the greater stability of informal norms? The duration of their evolution; 2.
The establishment of an artificial 'from above'; 3. Jurisprudence; 4. Legislation; 5. What applies to the formal rules? Constitution; 2. Tradition; 3. What are the transaction costs?
That the costs associated with the production of goods; 2. Is the costs associated with the production of goods and services; 3. Are costs not associated with production; 4.