When Institutions and Policies Provide Secure Property Rights, a Fair

question 49

Multiple Choice

When institutions and policies provide secure property rights, a fair and balanced judicial system, monetary stability, and effective limits on the power of government, which of the following is most likely to be encouraged?

• A)rent-seeking
• B)actions that reduce the value of resources
• C)productive activities
• D)destructive activities

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of other cultures or ethnicities.

Standards

Agreed-upon criteria or norms used to measure quality or establish expectations.

Groups

Collections of individuals who interact and communicate with each other, shared by common interests or goals.

Mentor Relationship

A mutually beneficial partnership where a more experienced individual provides guidance and advice to someone less experienced.