According to the Textbook, Market-Oriented Theories of Global Inequality Assume

question 66

Multiple Choice

According to the textbook, market-oriented theories of global inequality assume that the best possible economic consequences will result if:

• A) competent politicians carefully regulate markets.
• B) individuals are free-uninhibited by any form of governmental constraint-to make their own economic decisions.
• C) cooperative enterprises replace privately owned businesses to create egalitarian markets.
• D) the public is provided with free access to public education.

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Definitions:

Sociocultural-Graded Influences

Factors that affect individuals differently based on their social and cultural background.

Age-Graded Influences

External factors that affect individuals in a similar way at similar ages, often related to societal expectations and norms.

History-Graded Influences

Events and experiences that are common to a particular generation or cohort, influencing their beliefs and behaviors.