Which of the Following Is a Step in the Shift

question 100

Multiple Choice

Which of the following is a step in the shift toward a market-based economic system?

• A) Increasing trade barriers
• B) Increasing price controls
• C) Nationalization
• D) Creation of a legal system to safeguard property rights

---

Definitions:

Marginal Income Tax Rate

The rate at which the last dollar of a person's income is taxed, reflecting the incremental tax paid on incremental income.

Explicit Benefit-reduction Rate

The specified rate at which benefits decrease as income or other factors change, often related to welfare policies.

Incidence of Poverty

The proportion or rate of a population living below the poverty line, indicating the extent of poverty in a given area.

Married-couple Families

Families consisting of a husband and wife as the main household members, possibly with children.