Answer to Question #102300 in Microeconomics for Garrett R Wenzel

Question

Suppose that you study hard, master the principles of economics, and earn a good grade in your economics class. This is an example of a good institution because:

Answer 1

This is due to your own interest in receiving high marks for study, which is at the same time consistent with the opportunity and interest to study with intelligent people who are versed in the economy.