A successful market economy requires

A) a government-controlled banking system and government price controls.
B) well-defined property rights and an independent court system to adjudicate disputes based on the law.
C) generous unemployment benefits and paid medical leave for everyone in the labor force.
D) an equitable distribution of income and limits on immigration.


Answer: B

Economics

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From the figure below, please provide an explanation for the large decline in the growth rate of international reserves held by developing countries in the 2008-2009 period

What will be an ideal response?

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When current account deficits are used to finance investment spending, such deficits may be self-correcting because

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In the circular-flow diagram, which of the following items flows from firms to households through the markets for goods and services?

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Answer the following statement true (T) or false (F)

Economics