The Government Establishes the Rules of the Game for Economic

question 133

Multiple Choice

The government establishes the rules of the game for economic transactions in order to

• A)Legitimatize and enforce contracts.
• B)Discourage the production of capital.
• C)Discourage the ownership of property.
• D)Encourage spillover costs.

---

Definitions:

Decentralization

The process of distributing power, authority, or tasks from a central point or authority to multiple locations or individuals.

Integrated Market

A market wherein various components such as goods, services, and participants are fully interconnected and function smoothly across borders.

Hostile Environments

Working or living conditions that are unwelcoming, intimidating, or unpleasant, often due to harassment or discrimination.

Team-Based Structure

An organizational framework where work is conducted by groups of employees working together, emphasizing collaboration and shared goals.