Governments Exist to

question 151

Multiple Choice

Governments exist to

• A) maintain property rights.
• B) provide non-market mechanisms for allocating scarce resources.
• C) implement arrangements that redistribute wealth and income.
• D) all of the above.

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Definitions:

Subtle Discrimination

Discriminatory practices that are not overt or obvious, often embedded within social norms or institutional policies.

Early Retirement Packages

Financial incentives offered by employers to encourage employees to retire before the traditional retirement age.

Prejudice

Preconceived opinions or judgments about individuals or groups based on stereotypes rather than facts.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice and discrimination against other cultures.