Author Question: Regarding the institutional requirements of efficient markets, a. Western economic theory ignores ... (Read 60 times)

karen · **on:** Jun 30, 2018

Regarding the institutional requirements of efficient markets,
a. Western economic theory ignores the operation of efficient markets
b. market economists have an almost perfect understanding
c. market economists would never take the necessary institutions for granted
d. those involved in a transition from centrally planned economy must develop a deep appreciation
e. None of the answers is correct

Question 2

There is no unified economic theory of how to construct the institutions that are central to the success of capitalism.
a. True
b. False