Which of the following is NOT included in the "rules of the game"?
A) the laws, customs, conventions, and other institutional elements associated with trade
B) property rights
C) a market process that generates a fair price for all
D) a stable political environment

Question

Which of the following is NOT included in the "rules of the game"?  
A) the laws, customs, conventions, and other institutional elements associated with trade 
B) property rights 
C) a market process that generates a fair price for all 
D) a stable political environment

Quizplus · Accepted Answer

The "rules of the game" typically include laws, customs, conventions, property rights, and elements that contribute to a stable political and economic environment. However, they do not guarantee a market process that generates a fair price for all, as market prices are influenced by supply and demand, among other factors, rather than being directly controlled by these rules.

Which of the Following Is NOT Included in the "Rules