Author Question: Recognizing the incentive power of property rights and markets, some of the most die-hard central ... (Read 62 times)

bclement10 · **on:** Jul 1, 2018

Recognizing the incentive power of property rights and markets, some of the most die-hard central planners are now allowing
a. more influence from custom or religion
b. family relations to play significant roles
c. a role for markets
d. communal ownership of property
e. inefficient use of resources

Question 2

The rules of the game, the set of conditions that shape individual incentives and constraints, are determined by
a. the production possibilities frontier
b. scarcity
c. technology
d. the amount of consumer goods in the economy
e. laws about resource ownership and the role of government