Reading 14: Economic Growth- LOS c ～ Q9-10 following, critical, system, likely, social

mayanfang1

Q9. Which of the following is least likely to be considered as one of the three social institutions that are critical to the development of an incentive system?

A)   Markets.

B)   Property rights.

C)   A specific form of political organization.

Q10. Which of the following most completely identifies the institutions in an economy that are necessary for markets to be effective?

A)   Property rights and a supporting legal system.

B)   Property rights and monetary exchange.

C)   A legal system and a central banking system.

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