Which of the Following Is Prerequisite of Successful Market Economies

question 97

Multiple Choice

Which of the following is prerequisite of successful market economies?

• A) The existence and enforcement of property rights
• B) A tax system that redistributes income from the rich to the poor
• C) The ability of the government to appropriate economic profits beyond a certain amount to ensure equality in income distribution
• D) A military presence to ensure political freedom

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Definitions:

Decentralized Communication

A mode of communication where messages are exchanged without a central control point, allowing for more direct and varied paths of information flow.

Balance Theory

A psychological theory suggesting that individuals seek consistency and balance among their beliefs, attitudes, and perceptions within a social context.

Interpersonal Structure

The organized pattern or arrangement of relationships and interactions among individuals within a group or society.

Norms

Shared guidelines or rules for behavior that are accepted within a group or society.