Which of the Following Is Important in the Development of a Large

question 16

Multiple Choice

Which of the following is important in the development of a large economy dominated by trade between parties who do not know each other (depersonalized exchange) ?

• A)having few or minimal constitutional rules to avoid preventing the democratic institutions of a country from working to their fullest potential
• B)having a sound legal system that protects property and enforces contracts
• C)the presence of abundant natural resources
• D)heavy government regulation and control of prices so that individuals do not try to take advantage of one another in market exchange

---

Definitions:

Contract with God

Often considered one of the earliest graphic novels, created by Will Eisner, depicting the lives of Jewish characters in New York City.

Puritan Orthodoxy

The strict adherence to the religious and social practices and beliefs of the Puritans, who sought purity of worship and doctrine, and were influential in the early settlement of New England.

Direct Communication

The process of conveying information or messages between parties without the use of intermediaries or media, ensuring clarity and immediacy in the exchange.