Which of the Following Did NOT Play a Part in the Emergence

question 29

Multiple Choice

Which of the following did NOT play a part in the emergence of the economy as a distinct social institution?

• A) the Protestant Reformation
• B) permanent settlements
• C) agricultural technology
• D) the specialization of work

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Definitions:

Public Project

A project typically financed and operated by the government designed to serve the public interest or provide a public good.

Majority Vote

A method of decision-making where the option that receives more than half of the votes wins.

Negative Externalities

Costs experienced by a third party not involved in a transaction, arising from production or consumption of goods and services.

Majority Voting

A decision-making process where the option that receives more than half of the votes cast by eligible voters is chosen.