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
Correct Answer:
Verified
Q83: Around the world, once-socialist countries have replaced
Q84: Privatization is the
A)process of turning private enterprises
Q85: Privatization requires
A)transparency
B)the training of competent managers
C)the installation
Q86: The major advantage of a market economy
Q87: A firm should be transparent, meaning
A)the windows
Q89: The economic theory that states that as
Q90: Disappointed with problems caused by being a
Q91: A reliable system of property rights and
Q92: In a system of impersonal exchange,
A)bureaucratic ties
Q93: If the centrally planned economy of Rowboat
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