One Part of the "Informal Defence" of the Market System

question 2

Multiple Choice

One part of the "informal defence" of the market system is the argument, made forcefully by the late Milton Friedman, that free markets provide for the

• A) greatest equality in income distribution.
• B) greatest scope for international trade.
• C) decentralization of economic power.
• D) government with the highest tax revenues.
• E) greatest security for members of society.

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Definitions:

Lakshmi Bai

Rani Lakshmi Bai was the queen of the Maratha-ruled Jhansi State, known for her role in the Indian Rebellion of 1857 against British rule.

Indian Nationalist Movement

A series of historical efforts by the people of India to achieve political independence from British rule.

British

pertains to anything associated with Great Britain, including its culture, people, or history.

Regent Diamond

A highly famous and historic diamond originally found in India, known for its exceptional size and clarity.