Explain clearly

Question 5 The common law and civil-law systems inherited by developing nations from former colonizers are examples of ( ) religious, political institutions. O religious, legal institutions. moral, legal institutions non-religious, legal institutions. Question & A development bank adopts a policy to assist rural borrowers by offering a low-interest source of funds to informal money-lenders. If the informal credit market is characterized by monopolistic competition with relatively low barriers to entry by lenders, the predicted impact on the interest rates faced by borrowers is ambiguous because the lenders' average fixed cost could fall by more than their marginal costs rises. positive because the lenders' marginal costs must rise while their average fixed cost remains unchanged. ambiguous because the lenders' average fixed cost could rise by more than their marginal cost falls. negative because the lenders' marginal cost must fall while their average fixed cost remains unchanged. Question 7 During the 1940s, the following areas experienced success with export promotion strategies: () Japan, United States, South Korea, and Hong Kong. Japan, United States, Taiwan, and South Korea. ()Japan, Taiwan, South Korea, and Hong Kong. Japan, Taiwan, Brazil, and Hong Kong. Question 8 The strategy of Import Substitution involves encouraging domestic producers in import sectors to become exporters through the use of export subsidies and improved credit terms. pushing out foreign importers by restricting government expenditures on goods and services to domestic producers only permanently protecting infant industries from foreign competition mainly using tariffs and quotas. temporarily protecting infant industries from foreign competition mainly using tariffs and quotas. Question 9 Sharecropping is a form of land rental contract that allows the tenant to pay () a constant rent to the landlord regardless of good or bad times. I always a greater rent to the landlord for allowing him to rent the land. no rent to the landlord as long as he provides other services to the landlord. a variable rent to the landlord depending on how good the crop is