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:

Working Conditions

The environment, physical and psychological, in which an employee works, including factors such as safety, hours, and ergonomics.

Physical Aspects

Physical aspects refer to the tangible features or characteristics of an object, person, or place that can be observed and measured.

Sanitary Facilities

Facilities designed to ensure cleanliness and hygiene, often including toilets, bathrooms, and systems for waste disposal.

Vicariously Liable

A legal principle where one party is held responsible for the actions or negligence of another party, often within the context of an employer-employee relationship.