Which of the Following Best Defines a Political System

question 14

Multiple Choice

Which of the following best defines a political system?

• A) It refers to the legal rights to use an economic property and to derive income and benefits from it.
• B) It refers to a legal system based on religious teachings.
• C) It refers to the rules of the game on how a country's laws are enacted and enforced.
• D) It refers to the rules of the game on how a country is governed constitutionally.

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Definitions:

Currency Area

A region in which a single currency is used, eliminating exchange rate variations and facilitating trade and economic stability within that area.

Competitiveness

The ability of a company, industry, or nation to produce goods and services at a lower cost, with higher quality, or in a more desirable manner than competitors.

External Adjustments

Changes made outside of an organization or economy to align with changes in the external environment, such as market demand or regulatory shifts.

Monetary Policy

A central bank’s changing of the money supply to influence interest rates and assist the economy in achieving price-level stability, full employment, and economic growth.