A sound legal system that protects individuals and their property,
a. cannot be expected until markets are already working well.
b. is vital to the smooth operation of markets.
c. is normally found in most economies of the world.
d. is helpful for the rich, but harmful to the economic well-being of others.
B
Economics
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Which of these is an example of a good with elastic supply?
a) large hand-made rugs b) plums c) sandwiches d) passenger airplanes
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The median voter theorem states that majority-rule political systems will produce policies that are most preferable for the median voter
a. True b. False Indicate whether the statement is true or false
Economics