____ Give(s)people a Level of Trust and Confidence in Each

question 22

Multiple Choice

____ give(s) people a level of trust and confidence in each other,facilitating communication and making it easier to cooperate.

• A) Contracts
• B) Relationships
• C) Dependence
• D) Stability

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Definitions:

Market-based Systems

Economic systems where decisions regarding investment, production, and distribution are based on supply and demand, and prices are determined in free markets.

Personal Wealth

Refers to the total value of all assets (such as money, investments, real estate) minus liabilities, owned by an individual or household.

Total Factor Productivity

A measure of the efficiency of all inputs used in the production process, reflecting the overall effectiveness with which inputs are converted into outputs.

Gini Coefficient

A statistical measure of income or wealth distribution within a nation, indicating inequality.