One Part of the "Informal Defence" of the Market System

question 48

Multiple Choice

One part of the "informal defence" of the market system is the argument,made forcefully by the late Milton Friedman,that free markets provide for the

• A)greatest equality in income distribution.
• B)decentralization of economic power.
• C)greatest security for members of society.
• D)government with the highest tax revenues.
• E)greatest scope for international trade.

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Definitions:

Aggressiveness

The quality of being ready or likely to attack or confront; characterized by or resulting from aggression.

Monogamy

A form of relationship in which an individual has only one partner during their lifetime or at any one time (serial monogamy).

Chilly Climate

An environment, often within academic or professional settings, where certain individuals or groups feel unwelcome or marginalized due to subtle forms of discrimination or bias.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, resulting in disparities in power, opportunities, and status.