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Author Question: A reliable system of property rights and enforceable contracts are prerequisites for creating ... (Read 91 times)

jessicacav

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on: Jun 30, 2018
A reliable system of property rights and enforceable contracts are prerequisites for creating incentives that support a healthy market economy.
 a. True
  b. False

Question 2

Which of the following is not an example of an institution (rules of the game)?
 a. formal rules of behavior
  b. government takeover of private corporations
  c. a constitution
  d. informal constraints on behavior
  e. traditions


lgoldst9

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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