Recognizing the incentive power of property rights and markets, some of the most die-hard central planners are now allowing
A)more influence from custom or religion
B)family relations to play significant roles
C)a role for markets
D)communal ownership of property
E)inefficient use of resources

Question

Quizplus · Accepted Answer

The statement highlights that even the most staunch supporters of central planning are accepting the importance of property rights and markets, implying that they are now allowing a role for markets. Therefore, option C is the correct answer. Options A and B are irrelevant because they are not related to property rights or markets. Option D is the opposite of the statement, which is about moving away from communal ownership. Option E is also irrelevant to the statement.

Recognizing the Incentive Power of Property Rights and Markets, Some