Which of the Following Is Least Consistent with the Pure

question 109

Multiple Choice

Which of the following is least consistent with the pure market economy?

• A)An established legal system that arbitrates contract disputes
• B)An individual accepting a job for $1 per hour
• C)The institution of private property rights
• D)The existence of a minimum wage
• E)Private property rights

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Definitions:

Latin American

Referring to countries in the Americas where Romance languages (primarily Spanish and Portuguese) are spoken.

Ottoman Empire

A former Turkish empire that was founded about 1300 by Osman and reached its peak during the 16th and 17th centuries.

Civilian Casualties

Non-military individuals who are injured or killed in a conflict or in a tragic event.

Arms Race

a competition between nations for superiority in the development and accumulation of weapons, especially between the Cold War superpowers.