To say that institutions are the ground of both our freedoms
and unfreedoms means that:
a. institutions are by necessity authoritarian.
b. democratic institutions guarantee freedom, while authoritarian institutions suppress freedom.
c. some institutions, such as private property, help ensure freedoms, while others, such as governments, threaten it.
d. to have freedoms, such as the freedom to express unpopular thoughts, there must be restraints on how others respond to such thoughts.
Question 2
The introduction to Chapter 2 uses the example of scientific
forestry to make the point that:
a. state efforts to plan and administer forests and society are almost always destructive.
b. state efforts to plan and administer forests and society are usually productive.
c. state efforts to plan and administer forests and society lead to more bureaucracy and higher inefficiency.
d. state efforts to plan and administer forests and society can both develop people's capabilities or impede them, just as they can manage forests in ways that destroy their ecology or contribute to them.
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Depleted ground water
Markets and Institutions Market Story Problem