Each of the Following Statements Describes How the Political and Legal

question 69

Multiple Choice

Each of the following statements describes how the political and legal environment encourages productivity EXCEPT:

• A) Well-defined property rights encourage production and saving.
• B) Political stability promotes economic growth.
• C) Price changes in markets provide suppliers incentives to supply goods to markets.
• D) Pay rates determined by a governmental planning agency provide workers with the incentive to work hard.

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Definitions:

Least Developed Countries

Countries recognized by the United Nations for their low socioeconomic development and human assets.

Ecological Term

Refers to concepts and vocabulary associated with the branch of biology that studies the interactions between organisms and their environment.

Birth Rate

A statistical measure representing the number of live births per 1,000 people in a population per year.

Death Rate

The ratio of deaths to the population of a particular area during a certain time frame, often expressed per 1000 individuals per year.